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IMF Warns of Housing Affordability Crisis in The Bahamas

IMF Warns of Housing Affordability Crisis in The Bahamas

by Phil Hall | Jan 20, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The International Monetary Fund (IMF) has issued a study warning of a growing housing affordability crisis in The Bahamas. According to a report from EWnews.com, the IMF study report stated Bahamian wages are not keeping up with behind rising real estate prices and...
Inmate Charged with Running $10 Million Real Estate Fraud Scheme from Prison

Inmate Charged with Running $10 Million Real Estate Fraud Scheme from Prison

by Phil Hall | Jan 20, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A prison inmate serving time for running a Ponzi scheme has been charged with managing a $10 million nationwide real estate fraud scheme while he was incarcerated. According to court documents, Seth Adam Depiano of Clovis, California, was sentenced in 2018 to more...
State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies

State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies

by Phil Hall | Jan 20, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

In the wake of the ongoing wildfires crisis, State Farm has temporarily halted its homeowner non-renewal policies in Los Angeles County. USA Today reports this reversal of corporate strategy will only apply to residents whose policies had not lapsed by Jan. 7, when...
California Home Sales Up Nearly 20% Year-Over-Year

California Home Sales Up Nearly 20% Year-Over-Year

by Phil Hall | Jan 20, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California closed 2024 with the largest year-over-year spike in home sales since June 2021, according to data released by the California Association of Realtors (CAR). Last month, California recorded a seasonally adjusted annualized rate of 268,180 closed escrow sales...
Appraisal Foundation Seeks Candidates for Board of Trustees

Appraisal Foundation Seeks Candidates for Board of Trustees

by Phil Hall | Jan 20, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Appraisal Foundation is seeking qualified candidates to fill three to four public interest positions on its board of trustees. All three terms begin on Jan. 1, 2026, with one term running for three years and the others spanning four years. One term is a three-year...
Hits and Misses for the Real Estate Week of Jan. 13-17

Hits and Misses for the Real Estate Week of Jan. 13-17

by Phil Hall | Jan 17, 2025 | Hits and Misses, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

New leaders for the FHFA and HUD, the status quo at the CFPB and State Farm staying out of the TV spotlight. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Jan. 13-17. Hit: The Right Man for the Job. Perhaps the most...
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