Hits and Misses for the Real Estate Week of Aug. 3-7

by Phil Hall | Aug 7, 2026 | Current News & Events, Hits and Misses, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new wave of knockabout from Bill Pulte and Zohran Mamdani (yes, them again), an unpleasant boss leaves his corner office, and a bright group of college students dive into real estate investing. From the wild and wooly world of real estate, here are our Hits and...

NYC Homeowners Sue to Delay Mamdani’s Pied-à-Terre Tax Rollout

by Phil Hall | Aug 7, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A trio of New York City homeowners have filed a lawsuit to delay the implementation of Mayor Zohran Mamdani’s pied-à-terre tax. The tax is designed to target the owners of luxury second homes – condominiums and co-ops valued at a minimum of $1 million and one- to...

Historic Maine Home Available for $1, Albeit with a Catch

by Phil Hall | Aug 7, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A historic home in Maine is now up for sale for $1.00, but (of course) there is a catch. The new owner can only move into the house after they move it. WMTW reports the Deering House in Bath, Maine, was built around 1900 and was originally the residence of the...

Arkansas Man Sentenced for Trying to Sell Property He Didn’t Own

by Phil Hall | Aug 7, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

An Arkansas man was sentenced yesterday to 180 months in prison for attempting to sell real estate he did not own and unlawfully trying to use another person’s identify in the attempt. According to court documents, Steven James Smith entered into purchase agreements...

Sen. Elizabeth Warren Questions Compass and MRED Over Private Listings Plans

by Phil Hall | Aug 7, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sen. Elizabeth Warren (D-MA), the ranking member of the Senate Banking Committee, sent a letter to Robert Reffkin, CEO of Compass International Holdings (NYSE: COMP), and Rebecca Jensen, CEO of Midwest Real Estate Data, requesting information on their planned creation...