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Hits and Misses for the Real Estate Week of May 20-24

Hits and Misses for the Real Estate Week of May 20-24

by Phil Hall | May 24, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An outrageous claim to a landmark property, an overlap of real estate and politics, and a tuneful agent begins his new job. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 20-24. Miss: Beyond Belief. The weirdest real...
Home Sales Tumble While Median Prices Set a New Record

Home Sales Tumble While Median Prices Set a New Record

by Phil Hall | May 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales are slipping while median sales prices are still breaking records, according to a pair of data reports published this morning. Sales of new single-family houses during April were at a seasonally adjusted annual rate of 634,000, according to estimates...
Single-Family Housing Starts Down Slightly in April

Single-Family Housing Starts Down Slightly in April

by Phil Hall | May 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in April were at a rate of 1.031 million in April, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.4% below the revised March figure of 1.035 million. Privately‐owned housing...
Ex-HUD Secretary Fudge Joins Taft Law Firm

Ex-HUD Secretary Fudge Joins Taft Law Firm

by Phil Hall | May 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Two months after she stepped down as Secretary of Housing and Urban Development (HUD), Marcia Fudge has re-emerged as a partner in the prominent Taft law firm. Fudge will also serve as the law firm’s chairwoman of public policy. According to a press release from Taft,...
Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans

Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans

by Phil Hall | May 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rocket Mortgage LLC, a division of Detroit-headquartered Rocket Companies (NYSE:RKT), has reached a settlement with the U.S. Department of Housing and Urban Development (HUD) to resolve allegations that the company denied a mortgage loan application because the...
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