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Company to Pay $16 Million for Selling Faulty Air Conditioners

Company to Pay $16 Million for Selling Faulty Air Conditioners

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

The US Department of Justice announced Royal Sovereign International Inc., a now-defunct New Jersey company that sold office and home appliances, pleaded guilty to a criminal charge for failing to report information on portable air conditioners that were allegedly...
11th Century Italian Castle Listed at $4.16 Million

11th Century Italian Castle Listed at $4.16 Million

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

An Italian castle dating back to the early 11th century is now on the market for $4.16 million. Mansion Global reports the 102,257-square-foot residence with 10 bedrooms and 10 bathrooms is located on a 1.2-acre property in Landriano, roughly 15 miles south of Milan....
Leader of Movement to End Michigan’s Property Taxes Announces Bid for Governor

Leader of Movement to End Michigan’s Property Taxes Announces Bid for Governor

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

A leader of the movement to abolish Michigan’s property taxes announced her candidacy to become the state’s governor. MLive.com reports Karla Wagner, the executive director of Ax MI Tax, has filed to become a candidate in next year’s gubernatorial race. In addition to...
New Executive Shifts Announced at loanDepot

New Executive Shifts Announced at loanDepot

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

Irvine, California-headquartered loanDepot Inc. (NYSE: LDI) announced the promotions of Tom Fiddler to the newly established position as president of retail lending and Dan Peña as president of partnership lending. Fiddler joined loanDepot in 2015 and was most...
Trump Names Council of Economic Advisors Chairman Stephen Miran to Temporarily Fill Fed Board Vacancy

Trump Names Council of Economic Advisors Chairman Stephen Miran to Temporarily Fill Fed Board Vacancy

by Phil Hall | Aug 7, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

President Trump has named Dr. Stephen Miran, chairman of the Council of Economic Advisors, as a temporary replacement on the Federal Reserve Board of Governors. Miran’s interim term will run through until Jan. 31, 2026. In a Truth Social posting, the president said...
Price Premium for New Construction Drops to Record Low

Price Premium for New Construction Drops to Record Low

by Phil Hall | Aug 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The price premium for new construction compared to existing homes dropped to a record low of 7.8% during the second quarter, according to new data from Realtor.com. The median list price for a newly built home in the second quarter was $450,797, essentially flat from...
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