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Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain

Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Chicago suburb of Dolton, Illinois, has threatened to use eminent domain to seize the childhood home of Pope Leo XIV, which is scheduled to go up for auction next month. The Chicago Sun-Times the property is slated to be auctioned on June 18 by Paramount Realty...
Existing Home Sales Down by 0.5% in April

Existing Home Sales Down by 0.5% in April

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales during April dropped by 0.5% from March to a seasonally adjusted annual rate of 4.00 million in April, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, sales were down by 2.0% from 4.08 million in...
Appraisal Institute Ousts Vice President Accused of Sexual Harassment

Appraisal Institute Ousts Vice President Accused of Sexual Harassment

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Appraisal Institute’s national board has voted to remove Craig Steinley as vice president following a New York Times report that he was accused of sexual harassment by a dozen women. The New York Times reported the organization said it national board was “acting...
$16.9 Million Allocated for Virginia Workforce Housing Investment Program

$16.9 Million Allocated for Virginia Workforce Housing Investment Program

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Virginia Gov. Glenn Youngkin has announced more than $16.9 million of funding for the Virginia Workforce Housing Investment Program to support the development of 740 workforce housing units across 10 localities. Virginia Housing administers the Workforce Housing...
Report: Australia Will Fall Short of its Goal of 1.2 Million New Homes by 2029

Report: Australia Will Fall Short of its Goal of 1.2 Million New Homes by 2029

by Phil Hall | May 22, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s plan to build 1.2 million new homes by 2029 is falling short of its goals, according to the State of the Housing System 2025 report published by the government’s National Housing Supply and Affordability Council (NHSAC). The council’s report predicts...
NAR Commends House Passage of Trump’s ‘Big Beautiful Bill’

NAR Commends House Passage of Trump’s ‘Big Beautiful Bill’

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) commended the House of Representatives for passing the One Big Beautiful Bill Act advocated by President Donald Trump, stating the legislation “delivers significant wins for the real estate sector.” In a statement posting...
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