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Rental Housing Developer Sunstone Two Tree Opens Phoenix Office

Rental Housing Developer Sunstone Two Tree Opens Phoenix Office

by Phil Hall | Jul 30, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets, announced that it has opened an office in Phoenix. Based in The Promenade office park in North Scottsdale, the new space will support the company’s operations in...
New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral

New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral

by Phil Hall | Jul 30, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Sen. Cynthia Lummis (R-WY) has introduced a bill to codify the directive made by Bill Pulte, director of the Federal Housing Finance Agency, that would allow cryptocurrency to be considered as an asset for mortgages delivered to the government-sponsored enterprises...
Pending Home Sales Down During June

Pending Home Sales Down During June

by Phil Hall | Jul 30, 2025 | News/Current Events, U.S. Housing Market, WRE News Exclusive

Pending home sales in June were down by 0.8% from the prior month and were also down 2.8% year-over-year, according to the National Association of Realtors (NAR). Month-over-month and year-over-year pending sales declined in the Midwest, South, and West. The Northeast...
Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte

Report: FICO Increases DC Lobbying Efforts Following Attacks by FHFA’s Pulte

by Phil Hall | Jul 30, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Fair Isaac Corp. (NYSE: FICO) has hired a new lobbying expert to strengthen its position in Washington following a series of attacks against the FICO score provider by Bill Pulte, director of the Federal Housing Finance Agency (FHFA). Politico reports that John...
Mortgage Application Activity Slows Down

Mortgage Application Activity Slows Down

by Phil Hall | Jul 30, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer prospective homebuyers were filling out mortgage applications during the week ending July 25, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.8% on a...
CoStar Group Files Copyright Infringement Lawsuit Against Zillow

CoStar Group Files Copyright Infringement Lawsuit Against Zillow

by Phil Hall | Jul 30, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

CoStar Group Inc. (NASDAQ: CSGP) filed a lawsuit in New York federal court that accuses Zillow Group (NASDAQ: Z, ZG) of copyright infringement. CoStar alleged that Zillow published over 46,000 of its copyright protected images, with many still bearing the CoStar...
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