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Social Media Influencer Charged with Defrauding Real Estate Investors Out of $11 Million

Social Media Influencer Charged with Defrauding Real Estate Investors Out of $11 Million

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A social media influencer who provides financial advice to over a million followers faces federal charges that claim he defrauded investors out of more than $11 million. Tyler Bossetti was charged in US District Court in Columbus, Ohio, with wire fraud and aiding in...
Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure

Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Chicago real estate developer was sentenced to six years and eight months in prison for participating in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings. Washington Federal was based in Chicago’s Bridgeport...
T-Max Lending Moves HQ from San Diego to Sacramento

T-Max Lending Moves HQ from San Diego to Sacramento

by Phil Hall | May 2, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

T-Max Lending LLC, a provider or residential and commercial loan products, has relocated its corporate headquarters from San Diego to Sacramento. In a statement, the company said the relocation places it “at the heart of California’s government and financial...
NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’

NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The US economy added 177,000 jobs in April, a stronger than expected number, and Lawrence Yun, chief economist of the National Association of Realtors (NAR), stated this was evidence of a healthy economy. “Income growth is outpacing consumer price inflation,” said Yun...
Floyd Mayweather Sues Business Insider for Defamation in Coverage of Real Estate Investments

Floyd Mayweather Sues Business Insider for Defamation in Coverage of Real Estate Investments

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Boxing legend Floyd Mayweather announced that he has filed a $100 million defamation lawsuit against Business Insider, its parent company Insider Inc., and reporter Daniel Geiger, alleging they published a knowingly false and defamatory article that misrepresented...
Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels

Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels

by Phil Hall | May 2, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in during 2024, according to a new data report from Redfin (NASDAQ: RDFN). Last year’s figures marked a 27.1% decline from 17 units per 10,000 people during the pandemic-era...
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