Obama HUD Chief: Trump Housing Rule Would ‘Scapegoat Immigrants’

by Phil Hall | Apr 14, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

Julián Castro, who served as Secretary of Housing and Urban Development (HUD) during the second term of the Obama administration, has come out against a Trump administration policy denying federal housing assistance to households that include illegal immigrants. In a...

Maine Home Sales Total and Median Sales Price Unchanged Year-Over-Year

by Phil Hall | Apr 13, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Maine’s statewide figure of 851 sales of single-family existing homes during March remained unchanged from one year earlier, according to data from the Maine Association of Realtors. Also unchanged year-over-year was the median sales price of $375,000. Judy Oberg, the...

WRS Inc. Breaks Ground on $1.2 Billion DC-Area Mixed-Use Project

by Phil Hall | Apr 13, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Charleston, South Carolina-based real estate development firm WRS Inc. has broken ground on the Lakeforest Redevelopment, a mixed-use project in the Washington, DC suburb of Gaithersburg, Maryland. The $1.2 billion project is designed to reanimate the former...

Philip O’Bannon to Lead Newmark’s Infrastructure Capital Markets Business

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

Newmark Group Inc. (NASDAQ: NMRK) has hired Philip O’Bannon as senior managing director to lead its infrastructure capital markets business. In this role, O’Bannon will be responsible for expanding Newmark’s advisory and capital raising capabilities...

Existing Home Sales Down During March

by Phil Hall | Apr 13, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales during March were down by 3.6% from February to a seasonally adjusted annual rate of 3.98 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales were down by 1%. Month-over-month sales...