Trump Threatens to Fire Powell if He Stays on the Federal Reserve Board

by Phil Hall | Apr 15, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

President Trump has threatened to fire Federal Reserve Chairman Jerome Powell if he remains at the central bank after his leadership term ends on May 15. Powell still has two years to serve as a member of the Fed’s board of governor, and under Fed rules he can...

Refinancing Surge Drives Up Mortgage Application Activity

by Phil Hall | Apr 15, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity picked up during the week ending April 10 thanks to an uptick in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.8%...

Foshay Tower, Historic Minneapolis Property, Faces Foreclosure

by Phil Hall | Apr 15, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Foshay Tower, a landmark building in downtown Minneapolis, is facing foreclosure after its owners failed to pay off its $51 million mortgage. The Star-Tribune reports the mortgage’s maturity date came in May 2025. Deutsche Bank filed the complaint as a trustee...

Century Communities Unveils New Georgia Community

by Phil Hall | Apr 15, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Century Communities Inc. (NYSE: CCS) announced its next community will be Woodlake Landing, a development in Hartwell, Georgia. Located northeast of Atlanta and Athens near Interstate 85, the community will offer one-story single-family homes with up to four bedrooms,...

Bascom Group Acquires 294-Unit Las Vegas Apartment Community for $103 Million

by Phil Hall | Apr 15, 2026 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Bascom Group LLC, an Irvine, California-based private equity firm, announced its $103 million acquisition of The Ellison, a 294-unit apartment community located in the Summerlin/Spring Valley submarket of Las Vegas. Completed in 2024, The Ellison is a five-story...