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CFO of LA Affordable Housing Developer Arrested for Defrauding Grant Funds
Cody Holmes was arrested on a federal criminal complaint charging him with mail fraud. Continue Reading CFO of LA Affordable Housing Developer Arrested for Defrauding Grant Funds
CFO of LA Affordable Housing Developer Arrested for Defrauding Grant Funds
Cody Holmes was arrested on a federal criminal complaint charging him with mail fraud. Continue Reading CFO of LA Affordable Housing Developer Arrested for Defrauding Grant Funds
Security Properties Acquires Seattle Apartment Complex for $34.7 Million
Security Properties, in partnership with RGA ReCap Inc. on behalf of Reinsurance Group of America Inc., has acquired Seattle’s 100-unit property Henry Apartments for $34.7 million. Henry Apartments was built in 2017, and Security Properties is planning a targeted...
Placemakr Launches First Utah Property
Placemakr, a flexible-use hospitality and multifamily operator, has launched of its first Utah property in Salt Lake City. Placemakr Salt Lake City at Brix will offer 100 studio, one, and two-bedroom units available for residential leasing and 45 fully furnished...
Real Estate Investor Says Seller’s Agent Refused to Do Business Because He Drives a Tesla
A Boston-area real estate investor took to social media to detail how a home seller’s agent refused to do business with him because he drove an automobile from Elon Musk’s Tesla Inc. (NASDAQ: TSLA). Charles Lamplough, who has 97,500 followers on TikTok, recalled what...
NEWS & CURRENT EVENTS
Mastering 1031 Exchanges with Trent Hendry | Maximize Your Real Estate Investments
Trent Hendry shares expert insights on 1031 exchanges, covering tax-saving strategies, portfolio growth, and common pitfalls to help real estate professionals maximize investments. Continue Reading Mastering 1031 Exchanges with Trent Hendry | Maximize Your Real Estate Investments
Sen. Elizabeth Warren Leads Democrats in Opposing Scott Turner for HUD Secretary
Warren said she could not support Turner without first seeing his FBI background check. Continue Reading Sen. Elizabeth Warren Leads Democrats in Opposing Scott Turner for HUD Secretary
Existing Home Sales Up in December
First-time buyers were responsible for 31% of sales in December. Continue Reading Existing Home Sales Up in December
California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
The real estate agent was not identified by Bonta’s office, although media reports identified him as Mike Kobeissi of Kobeissi Properties. Continue Reading California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Home Sales Continue to Plummet in New York State
Only 31,177 homes were available for sale in New York State last month. Continue Reading Home Sales Continue to Plummet in New York State
Disney Cancels $1 Billion Real Estate Project in Florida
The planned Orlando-area project would have relocated more than 2,000 Disney jobs from California to Florida. Continue Reading Disney Cancels $1 Billion Real Estate Project in Florida
Market Spotlight: Parking Space Debate Reshapes Detroit’s Real Estate Scene
“Every acre of land dedicated to parking is an acre that can’t be used for jobs, housing, businesses or parks,” said the advocacy group Parking Reform Network. Continue Reading Market Spotlight: Parking Space Debate Reshapes Detroit’s Real Estate Scene
Freddie Mac: Another Mortgage Rate Uptick
“Homebuyers are getting used to current rates and continue to pursue homeownership,” said Freddie Mac’s Sam Khater. Continue Reading Freddie Mac: Another Mortgage Rate Uptick
Unenchanted April: Existing Home Sales Down Last Month
The median existing-home price for all housing types in April was $388,800. Continue Reading Unenchanted April: Existing Home Sales Down Last Month
US Rental Market Growth Slows to Near-Stagnation
This was the slowest growth rate since the beginning of the pandemic. Continue Reading US Rental Market Growth Slows to Near-Stagnation
Florida Home Sales Down 17.2% in April
Existing condo-townhouse sales totaled 10,040, a 26.8% slide from April 2022. Continue Reading Florida Home Sales Down 17.2% in April
MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1
Q1 was an improvement from the reported loss of $2,812 per loan in Q4 2022. Continue Reading MBA: Net Loss Tumult Eased for Independent Mortgage Banks in Q1
Sam Zell, Prominent Commercial Real Estate Executive, Dies at 81
As of February, Zell had an estimated net worth of $5.3 billion, according to Forbes. Continue Reading Sam Zell, Prominent Commercial Real Estate Executive, Dies at 81
Guest Opinion: The Realtors’ View of the Current Mortgage Market
The 2023 NAR president offers his association’s view on how Congress can upgrade today’s mortgage policy environment. Continue Reading Guest Opinion: The Realtors’ View of the Current Mortgage Market
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