America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?

by John G. Stevens | May 13, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

The average American household now carries roughly $288,676 in national debt, owes $767 a month on a car payment, and is sitting on credit card balances at over 21% interest. The personal savings rate has dropped to 4%. And as of this morning, the Federal Reserve Bank...

Brooklyn Real Estate Investor and Former New York State Judge Charged with Wire Fraud Conspiracy

by Phil Hall | May 13, 2026 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Brooklyn real estate investor and a former New York State judge were indicted on charges of wire fraud conspiracy for running schemes that defrauded millions of dollars from investors. Sam Sprei – who is also known as “Yechiel Sprei,” “Shimon Sprei,” and “Eli...

Senate Confirms Kevin Warsh as Federal Reserve Chairman

by Phil Hall | May 13, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

The US Senate has confirmed Kevin Warsh to become the 17th chairman of the Federal Reserve. Warsh was confirmed in a 54-45 vote along party lines, with Sen. John Fetterman of Pennsylvania as the sole Democrat approving the nomination. Warsh’s term will begin on May 15...

Influencer Couple Indicted for Running Real Estate Investment Scam

by Phil Hall | May 13, 2026 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A New Jersey couple who gained prominence as real estate influencers were indicted for allegedly running an investment scam that took investors’ money with a promise to receive high returns on Cleveland-area real estate property developments. A federal grand jury...

Commercial Broker Donates $1 Million for Scholarships at University of Connecticut’s Real Estate Program

by Phil Hall | May 13, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Commercial real estate broker Nicholas Morizio, president of Colliers International’s Connecticut and Western Massachusetts offices, has donated $1 million to the University of Connecticut’s (UConn) real estate program for the creation of new scholarships. The...