NYC Rents Soared in Month Before Mamdani’s Election

by Phil Hall | Nov 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City’s rents continued to soar in the month before Democratic Socialist Zohran Mamdani was elected mayor. According to new data from Miller Samuel Inc. and Douglas Elliman, the median rent for all new Manhattan apartment leases in October was $4,600, up by...

California Realtors Back Assumable Mortgage Idea

by Phil Hall | Nov 14, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California Association of Realtors (CAR) voiced its support of enabling homebuyers to assume Fannie Mae and Freddie Mac-backed fixed-rate mortgages. Bill Pulte, the director of the Federal Housing Finance Agency, used his personal X account last week to declare...

Feds Seize Over $1 Million in Cryptocurrency from Real Estate Fraud Scheme

by Phil Hall | Nov 14, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The federal government has seized and forfeited approximately $1.18 million in cryptocurrency, which was recently liquidated into US dollars, tied to a real estate fraud scheme. The case was launched with civil complaint in April 2023 by a real estate agent and...

Walmart Announces Change in Leadership

by Phil Hall | Nov 14, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Walmart Inc. (NYSE: WMT), the world’s largest retailer with over 10,750 stores and clubs across 19 countries, announced the appointment of John Furner to succeed Doug McMillon as president and CEO, effective Feb. 1, 2026. Furner, who was also elected to the company’s...

FHFA’s Pulte Makes Mortgage Fraud Referral Against Trump Foe Rep. Swalwell

by Phil Hall | Nov 13, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Rep. Eric Swalwell (D-CA) has become the latest target of mortgage fraud accusations leveled by Bill Pulte, the director of the Federal Housing Finance Agency (FHFA). NBC News, sourcing its coverage from an unnamed “person familiar with the referral,” reports that...