Brooklyn Condo Developer Ordered to Pay $6 Million to Defrauded Buyers

by Phil Hall | Sep 8, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

A Brooklyn condominium developer is being forces to provide more than $6 million in restitution and purchase credits to buyers who made down payments but never received their properties or their money back for years. An investigation by the Office of the New York...

Opendoor Home Loans Ends Beta Period, Now Available for Homebuyers

by Phil Hall | Sep 8, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Opendoor Technologies Inc. (NASDAQ: OPEN), a San Francisco-based e-commerce platform for residential real estate transactions, announced that its Opendoor Home Loans has exited beta and is now available in markets where it is licensed. The company is originating 30-,...

Arizona Real Estate Agent Fired After Being Duct-Taped Following In-Flight Disruption

by Phil Hall | Sep 8, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

An Arizona real estate agent was fired from his job after making headlines for being duct-taped and zip-tied to his seat following a disruptive outburst an American Airlines flight. The New York Post reports 67-year-old Arthur Layne Lundeen was dropped from his...

NEXA Lending Promotes Geri Farr to CEO

by Phil Hall | Sep 8, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

NEXA Lending announced the promotion of Geri Farr to CEO. She succeeds founder Mike Kortas, who will transition into the role of executive partner, which the Phoenix-headquartered company said was its “highest earned level of leadership.” “I have never cared about...

Affordable Housing Isn’t One Problem. We Need to Stop Treating it Like One.

by John G. Stevens | Sep 7, 2026 | Market Snapshot, Real Estate News, WRE News Exclusive

We use the term “affordable housing” constantly in this industry. I use it. WRE News uses it. Developers, elected officials, housing agencies and advocates all use it. The problem is that two apartments can both legally and accurately be described as affordable...