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Appeals Court Voids $524 Million Penalty in Trump Fraud Case

Appeals Court Voids $524 Million Penalty in Trump Fraud Case

by Phil Hall | Aug 21, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A New York appeals court voided the more than half-million-dollar fraud judgment enacted against President Trump and the Trump Organization, but kept in place the lower court decision that Trump and his company engaged in valuation fraud when obtaining loans for their...
How Sweet It Is! Jackie Gleason’s UFO-Inspired Home Listed for $5.5 Million

How Sweet It Is! Jackie Gleason’s UFO-Inspired Home Listed for $5.5 Million

by Phil Hall | Aug 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

One of the most audacious pieces of celebrity real estate is back on the market – Jackie Gleason’s UFO-inspired roundhouse in the Hudson Valley town of Cortlandt Manor, New York, is now listed for $5.5 million. Completed in 1959 and nicknamed “The Mothership,” the...
Existing Home Sales Up 2%

Existing Home Sales Up 2%

by Phil Hall | Aug 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales during July recorded a 2% month-over-month upswing to a seasonally adjusted annual rate of 4.01 million, according to the National Association of Realtors (NAR). On a year-over-year measurement, sales were up by 0.8%. The sales increase was matched...
15% of Home Purchase Agreements Fell Through in July

15% of Home Purchase Agreements Fell Through in July

by Phil Hall | Aug 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Approximately 58,000 home purchase agreements were canceled in July, according to new data from the Rocket Companies (NYSE: RKT) division Redfin. The rate of cancelations accounted for 15.3% of homes that went under contract last month, up from 14.5% one year ago....
Zombie Properties on the Rise

Zombie Properties on the Rise

by Phil Hall | Aug 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 1.4 million residential properties, or about 1.3% of all US homes, were vacant during the third quarter, according to data from ATTOM, which also found 7,519 pre-foreclosure homes, or 3.38% of the 222,318 properties in the process of foreclosure, were “zombie”...
Single-Family Built-for-Rent Construction Down in Q2

Single-Family Built-for-Rent Construction Down in Q2

by Phil Hall | Aug 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The quantity of single-family built-for-rent construction (SFBFR) declined during second quarter, according to a National Association of Home Builders (NAHB) analysis of US Census Bureau data. During the second quarter, approximately 12,000 SFBFRs were started, down...
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