Turkey Revokes Citizenship of 687 Foreign Nationals Linked to Property Fraud Scheme

by Phil Hall | Aug 5, 2026 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Turkish government has begun the process of revoking the citizenship of 687 foreign nationals involved in a scheme that used fraudulent property transactions to qualify applicants for Turkish citizenship. Turkey grants citizenship to eligible foreign investors...

Rocket Mortgage Debuts Campaign Aimed at High-Interest Credit Card Debt

by Phil Hall | Aug 4, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

Rocket Mortgage, a division of Detroit-headquartered Rocket Companies (NYSE: RKT), has launched a marketing campaign encouraging homeowners to tap into their home equity as a strategy for avoiding high-interest credit card debt. The campaign debuted today with a new...

Zillow Lays Off Over 500 Employees

by Phil Hall | Aug 4, 2026 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Zillow Group (NASDAQ: Z, ZG) has announced plans to lay off more than 500 employees. In a corporate blog post, CEO Jeremy Wacksman claimed the company was “grateful to every person who is leaving and we’re supporting them through this transition.” However, Wacksman...

Q2 Home Prices Up in 80% of Metro Markets

by Phil Hall | Aug 4, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices rose in 80% of metro markets during the second quarter, according to data from the National Association of Realtors (NAR), with 5% of the metros recording double-digit price gains. This is up from 71% of metros in the first quarter The national median...

Judge Blocks Rhode Island Town’s Eminent Domain Seizure of Land Slated for Affordable Housing

by Phil Hall | Aug 4, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

A federal judge has blocked a Rhode Island town’s attempt to use eminent domain to seize a vacant lot that slated to become an affordable housing development. In January 2025, Mayor Joseph Polisena Jr. of Johnston declared his town was seizing over 31 acres of vacant...