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Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Matthew Thomas Onofrio netted at least $35 million from his fraudulent scheme before being caught. Continue Reading Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Matthew Thomas Onofrio netted at least $35 million from his fraudulent scheme before being caught. Continue Reading Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme
Blackstone Quietly Offloading $1.8 Billion Senior Housing Portfolio at a Loss
The investment management firm Blackstone (NYSE: BX) is offloading its portfolio of 90 senior housing properties, incurring a $600 million loss on an investment of $1.8 billion. The Wall Street Journal reports Blackstone has been selling off the properties in a series...
Apartment Rents Record Greatest October Decline in Over 15 Years
Apartment rents declined in October with the national average falling to $1,708, a 0.3% dip from September’s revised figure of $1,713, according to data from Apartments.com, a division of CoStar Group (NASDAQ: CSGP). The new data marks the fourth consecutive month of...
Scott Neil to Become CEO at Realtor.ca Canada
Realtor.ca Canada Inc. has named Scott Neil as its new CEO, effective Jan. 5, 2026. Neil comes to Realtor.ca Canada from the online marketplace Kijiji Canada, where he was CEO. He previously held senior leadership roles at eBay, Adevinta, AutoTrader, Microsoft, and...
NEWS & CURRENT EVENTS
REcore Solutions Sues Homes.com and CoStar Group Over Unpaid Licensing Fees
REcore said it would terminate the Homes.com and HomesPro data feeds containing listing records for the CRMLS as of Nov. 1. Continue Reading REcore Solutions Sues Homes.com and CoStar Group Over Unpaid Licensing Fees
eXp Realty Launches Division Aimed at Sports and Entertainment Clients
The new eXp Sports & Entertainment will be part of eXp Luxury. Continue Reading eXp Realty Launches Division Aimed at Sports and Entertainment Clients
A Phil Hall Op-Ed: Bill Pulte’s Curious Benevolence
The size and the destination of the FHFA director’s donation is unknown. Continue Reading A Phil Hall Op-Ed: Bill Pulte’s Curious Benevolence
Mountain Lakes Board of Realtors Joins Hive MLS
“We believe in working together while staying true to who we are,” said Kathleen Simmons, association executive at MLBOR. Continue Reading Mountain Lakes Board of Realtors Joins Hive MLS
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
“Our hearts break as we witness the catastrophe unfolding in Texas,” said HUD Secretary Turner. Continue Reading HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
The FHFA director’s announcement on the use of VantageScore 4.0 might come with a few problems. Continue Reading A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
Newsom Allocates $101 Million for Multifamily Rebuilding After LA Fires
California Gov. Gavin Newsom announced the state’s Department of Housing and Community Development (HCD) will release $101 million to finance the rebuilding of affordable multifamily rental housing in the Greater Los Angeles Region. According to the governor’s office,...
Hello, Comrade! Russian Investors Take Greater Interest in US Real Estate
The average Russian buyer paid $652,915 per property, while the overall foreign average was $480,695. Continue Reading Hello, Comrade! Russian Investors Take Greater Interest in US Real Estate
Ohio Lawmakers to Consider Overriding Gov. DeWine’s Vetoes on 3 Property Tax Reforms
Ohio’s Senate has not set a date for the consideration of overriding the governor’s votes. Continue Reading Ohio Lawmakers to Consider Overriding Gov. DeWine’s Vetoes on 3 Property Tax Reforms
Asking Rents Down for Fourth Straight Month
On a month-over-month basis, asking rents rose 0.6%. Continue Reading Asking Rents Down for Fourth Straight Month
Mortgage Application Activity Up 9.4%
The Refinance Index increased 9% from the previous week and was 56% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 9.4%
FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm
The FTC will send checks and PayPal payments to 960 affected consumers. Continue Reading FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm
Residential Transition Lender Dunmor Opens Wholesale Broker Division
Products will include bridge loans, fix and flip loans, ground-up construction loans, and multifamily loans. Continue Reading Residential Transition Lender Dunmor Opens Wholesale Broker Division
Capital One to Close Discover’s Home Equity Lending Business
The company said it “will continue to process applications that are in progress.” Continue Reading Capital One to Close Discover’s Home Equity Lending Business
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