Canadian Rental Housing Vacancy Rate at 3.1%

by Phil Hall | Dec 12, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Rental housing vacancy rates across major Canadian cities increased during 2025 to 3.1%, up from 2.2% in 2024 and above the national 10-year average. According to data from the Canada Mortgage and Housing Corporation’s (CMHC) 2025 Rental Market Report, the rise...

Flournoy Development Group to Launch Apartment-Townhome Community in Georgia

by Phil Hall | Dec 12, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Flournoy Development Group has announced the launch of Declan Villa Rica, an apartment and townhome community in Villa Rica, Georgia. The new complex will feature 252 apartment homes and 56 townhomes across a mix of three- and four-story buildings and two-story...

MBA Chief Supports Trump Executive Order on AI

by Phil Hall | Dec 12, 2025 | Current News & Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit commended President Trump’s executive order that blocks states from creating their own regulations around artificial intelligence (AI) while seeking to create national regulatory framework for the...

Las Vegas Realtors President Refuses to Resign After Board Calls for Him to Step Down

by Phil Hall | Dec 12, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The president of the Las Vegas Realtors is refusing to resign after the organization’s board of directors voted to demand he step down. The Las Vegas Review-Journal, sourcing its coverage from unnamed “multiple sources,” reports the board voted 6-5 last week to call...

Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme

by Phil Hall | Dec 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Matthew Thomas Onofrio, a Minnesota real estate investor who previously worked as a nurse anesthetist, was sentenced to 36 months in federal prison for carrying out a $420 million bank fraud scheme. According to the charges against him, Onofrio used online...