Existing Home Sales Up 3.2% in May

by Phil Hall | Jun 9, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales during May increased by 3.2% month-over-month and year-over-year, according to data from the National Association of Realtors (NAR). Month-over-month sales increased in the Northeast, Midwest and South, and were unchanged in the West....

Arrests Made in New Jersey Money Laundering Scheme Involving Luxury Real Estate Deal

by Phil Hall | Jun 9, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

Two men were arrested on charges of money laundering, conspiracy to commit money laundering, and conspiracy to commit theft by deception in a scheme tied to a high-value New Jersey real estate transaction. The investigation into the case began last December when the...

Mortgage Credit Availability Improved Slightly in May

by Phil Hall | Jun 9, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability increased slightly in May according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) inched up by a scant 0.1% to 108.0 in May; the index was benchmarked to 100 in March...

Baltimore City Council Advances Property Tax Relief Bill

by Phil Hall | Jun 9, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Baltimore City Council has voted to advance a property tax relief measure that critics claim will raise taxes for some homeowners. WBFF reports the measure reduces the property tax rate by 1 cent for every $100 of assessed property value. Thus, the plan would...

Canadian Government Provides $112 Million for 217-Unit Toronto Multifamily Property

by Phil Hall | Jun 9, 2026 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Canada’s federal government is providing over $112 million in funding for the construction of a new 217-unit multifamily property in Toronto. Located at 389 Cleveland Street, the project is a 15-story residential building with a ground-floor commercial retail unit....