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Real Estate Attorney Douglas Heitner Joins Latham & Watkins

Real Estate Attorney Douglas Heitner Joins Latham & Watkins

by Phil Hall | May 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The law firm Latham & Watkins LLP has hired Douglas Heitner as a partner in its real estate practice. Heitner will be based in the firm’s New York City office and will advise clients on real estate transactions including joint ventures, financings, investment...
Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud

Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud

by Phil Hall | May 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The granddaughter of Elvis Presley is seeking to halt a foreclosure auction of the legendary singer’s Graceland estate, claiming the sale is based on fraudulent paperwork. According to combined media sources, Danielle Riley Keough was granted a temporary restraining...
FDIC Chairman Pledges to Resign When Successor is Confirmed

FDIC Chairman Pledges to Resign When Successor is Confirmed

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Martin Gruenberg has announced he will resign as chairman of the Federal Deposit Insurance Corp. (FDIC) following an investigation that determined the agency encouraged a workplace environment of sexual harassment, discrimination and bullying. In an internal email...
Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale

Broker Demands $23K Commission from Elderly Widow After Broken Leg Results in Canceled Home Sale

by Phil Hall | May 20, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 75-year-old widow in Florida who was forced to cancel the sale contract for her home after she broke her leg and was unable to move faced a demand from her real estate broker for the $23,000 sales commission on the terminated deal. According to a report by WFTS ABC...
A Phil Hall Op-Ed: The Illegal Immigrant Impact on Housing

A Phil Hall Op-Ed: The Illegal Immigrant Impact on Housing

by Phil Hall | May 20, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Earlier this month, Bank of England Chief Economist Huw Pill stated the reason that rents were so high in his country was not because of elevated interest rates, but because of “quite large increases in immigration” – net migration broke a record in...
40% of New Mortgages Went to Buyers Under 35

40% of New Mortgages Went to Buyers Under 35

by Phil Hall | May 20, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two in five (39.7%) new mortgages issued in 2023 went to homebuyers under the age of 35, according to new data from Redfin (NASDAQ:RDFN). During 2013, more than one-quarter (26.5%) of buyers were between the ages of 35 and 44, while those between 45 and 54 accounted...
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