Report: 72% More Condo Sellers Than Buyers

by Phil Hall | Oct 6, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report by the Rocket Companies (NYSE: RKT) division Redfin has determined there were an estimated 72.3% more condo sellers than buyers (108,945 more) nationwide during August. This marked the fifth straight month in which there have been at least 70% more...

Massachusetts Real Estate Broker Indicted on Embezzlement Charges

by Phil Hall | Oct 6, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The owner of a defunct Massachusetts real estate brokerage has been indicted for embezzlement. Boston 25 News reports Stephen D. Webster, broker and principal with Success! Real Estate in Marshfield, was accused of detouring more than $11.6 million in client escrow...

Getty Realty Corp. Acquires $100 Million Houston Convenience Store Portfolio

by Phil Hall | Oct 6, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, WRE News Exclusive

Getty Realty Corp. (NYSE: GTY), a New York City-headquartered REIT focused on convenience and automotive retail real estate, announced its acquisition of 12 convenience stores for $100 million along with a long-term, unitary net lease with a subsidiary of Now &...

Texas AG Paxton Orders 4 Cities to Halt Property Tax Hikes

by Phil Hall | Oct 6, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Texas Attorney General Ken Paxton has ordered four cities to stop their property tax rate hikes amid concerns that the localities are not following new state rules. The Texas Tribune reports that Paxton contacted officials in La Marque, Odessa, Tom Bean and...

Rite Aid Shutters Remaining Stores

by Phil Hall | Oct 6, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The financially troubled Rite Aid pharmacy chain has closed all its remaining stores. Over the weekend, the company posted a message on its website that said, “All Rite Aid stores have now closed. We thank our loyal customers for their many years of support.” The...