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Home Seller Sues Douglas Elliman for Not Disclosing Buyer Was Jeff Bezos

Home Seller Sues Douglas Elliman for Not Disclosing Buyer Was Jeff Bezos

by Phil Hall | Sep 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The seller of a luxury property in Miami’s Indian Creek Village is suing the real estate brokerage Douglas Elliman (NYSE: DOUG) for not disclosing the buyer of the property was Amazon (NASDAQ: AMZN) founder Jeff Bezos. According to Wall Street Journal coverage sourced...
Trump-Harris Debate Mostly Ignores Housing Issues

Trump-Harris Debate Mostly Ignores Housing Issues

by Phil Hall | Sep 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tuesday night’s debate between former President Donald Trump and Vice President Kamala Harris virtually ignored barely mentioned housing issues, with Harris making fleeting references to the subject while Trump did not address the issue and the ABC News moderators...
Annual Home Price Growth Remains Below 5%

Annual Home Price Growth Remains Below 5%

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Year-over-year home price gains inched down in July to 4.3%, according to new data from CoreLogic. This was below June’s 4.7% year-over-year reading and came in below 5% for the third consecutive month. No states posted annual home price declines. The states with the...
Guest Opinion: The CFPB’s Approach to Mortgage Refinancing

Guest Opinion: The CFPB’s Approach to Mortgage Refinancing

by Rohit Chopra | Sep 10, 2024 | Guest Opinion, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rohit Chopra is director of the Consumer Financial Protection Bureau (CFPB). This article is adapted and edited from a speech delivered yesterday at the National Housing Conference in Washington, DC. While we often focus on homeownership as a vehicle for accumulating...
Report: FTC Probes Takeover Bid of 7-Eleven Parent

Report: FTC Probes Takeover Bid of 7-Eleven Parent

by Phil Hall | Sep 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Federal Trade Commission (FTC) has notified Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, that it plans to investigate potential antitrust concerns related to the unsolicited acquisition bid by Canada’s...
Social Media Influencer Indicted on 15 Counts Related to Real Estate Investment Fraud

Social Media Influencer Indicted on 15 Counts Related to Real Estate Investment Fraud

by Phil Hall | Sep 10, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Theodore Miller, a social media influencer who attracted investors by presenting himself across TikTok and Instagram as a wealthy real estate mogul, received a 15-count indictment on charges relating to wire fraud, money laundering, and obstruction. Miller, who went...
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