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Housing’s New Divide Isn’t Just About Income. It’s About Who Already Has Wealth

Housing’s New Divide Isn’t Just About Income. It’s About Who Already Has Wealth

by John G. Stevens | Sep 3, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

We spend a lot of time in mortgage lending talking about income. How much does the borrower earn? What is the debt-to-income ratio? How much of a monthly payment can the household reasonably carry? What happens to purchasing power when the mortgage rate moves another...
$43 Million Martha’s Vineyard Property Sale Sets Record for Massachusetts

$43 Million Martha’s Vineyard Property Sale Sets Record for Massachusetts

by Phil Hall | Sep 3, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The $43 million sale of a 31.5-acre waterfront estate on Martha’s Vineyard has set a new record for the most expensive property sale in Massachusetts. The Wall Street Journal reports the sale came at a discount – Boston-based tech entrepreneur and investor Michael...
Joy Behar Sells Hamptons Home After a $5.3 Million Price Cut

Joy Behar Sells Hamptons Home After a $5.3 Million Price Cut

by Phil Hall | Sep 1, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Joy Behar has sold her longtime Hamptons home for $5.65 million after nearly two years on the market with an initial listing of $10.95 million. Realtor.com reports the 83-year-old star of “The View” first put the property up for sale in November 2024. Since then, the...
Mamdani Issues New Deadline on Pied-à-Terre Tax Appeals, Admits 1,200 Contacted in Error

Mamdani Issues New Deadline on Pied-à-Terre Tax Appeals, Admits 1,200 Contacted in Error

by Phil Hall | Aug 26, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City Mayor Zohran Mamdani’s administration has issued a second extension on the deadline for challenging his pied-à-terre tax while acknowledging that more than 1,000 residents received tax bill notices by mistake. The tax is designed to target the owners of...
California Gov. Newsom Lists Sacramento-Area Mansion for $7.5 Million

California Gov. Newsom Lists Sacramento-Area Mansion for $7.5 Million

by Phil Hall | Aug 25, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Gov. Gavin Newsom and wife Jennifer Siebel Newsom have listed their Sacramento-area mansion for sale at $7.5 million. The New York Post reports the 12,000-square-foot Fair Oaks home is located on an eight-acre parcel in a gated community. The listing for...
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