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Report: Bessent Curses and Threatens Pulte During DC Private Party

Report: Bessent Curses and Threatens Pulte During DC Private Party

by Phil Hall | Sep 8, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A rare internecine conflict between Trump administration officials erupted into an expletive-laced threats of violence by Treasury Secretary Scott Bessent against Federal Housing Finance Agency Director Bill Pulte during a private party in Washington, DC. According to...
Property Insurance Costs Grow 11.3%

Property Insurance Costs Grow 11.3%

by Phil Hall | Sep 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average annual property insurance payment for single-family mortgage holders has reached nearly $2,370 per year, according to new data from ICE Mortgage Technology. This sum accounts for 9.6% of average monthly mortgage-related expenses when factoring in...
Black Homeownership Rate Drops to 4-Year Low

Black Homeownership Rate Drops to 4-Year Low

by Phil Hall | Sep 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Black homeownership rate during the second quarter dropped to 43.9%, according to data from Redfin. This is down from 45.3% one year ago, marking both its lowest level since the fourth quarter of 2021 and the largest year-over-year decline since the third quarter...
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing

Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing

by Phil Hall | Sep 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A trio of Democratic senators have introduced the Yes in God’s Back Yard (YIGBY) Act, new legislation designed to assist faith-based organizations and colleges to transform underused property into affordable housing. The YIGBY Act would provide federal assistance to...
Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes

Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes

by Phil Hall | Sep 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new Reuters report has determined the father and stepmother of Bill Pulte, the Federal Housing Finance Agency (FHFA), have improperly claimed primary residence on two different properties in two different states – a situation that resonates closely to the...
California Construction Firm CEO Arrested on Loan Fraud Charges

California Construction Firm CEO Arrested on Loan Fraud Charges

by Phil Hall | Sep 8, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The CEO of a California construction company was arrested on a federal criminal complaint alleging that he fraudulently obtained more than $4 million in Covid-19 relief funds and federally guaranteed small business loans. According to court documents, Joey Wayne...
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