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Justice for agent Monique Baugh in Minneapolis

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Justice for agent Monique Baugh

A former probation officer has been sentenced to 20 years in prison in connection with the kidnapping and murder of Minneapolis real estate agent Monique Baugh, as justice is sought for the tragic crime. Elsa Segura pleaded guilty to kidnapping to commit great bodily harm, allowing her to avoid a second trial in the name of justice.

Sitting expressionless in court, Segura admitted to using a fake name and a burner phone to set up a phony house showing that lured Baugh into the hands of her boyfriend’s rivals. Hennepin County District Court Judge Mark Kappelhoff emphasized the gravity of her choices, stating, “You could have warned Ms. Baugh not to go to that showing, but you chose another path,” further underscoring the justice sought for Baugh’s family.

The Minnesota Supreme Court recently overturned Segura’s previous murder convictions due to insufficient evidence and faulty jury instructions, leading to this plea deal in an effort to achieve justice. She has already served nearly 1,500 days in custody as part of the justice process.

During the sentencing, tensions flared as family members of Baugh confronted Segura. One relative shouted, “She doesn’t understand what she’s done! I want to hear her say it!” before being escorted from the courtroom, as emotions ran high in the pursuit of justice for the victim.

In related news, Lyndon Wiggins, the alleged mastermind behind the plot, is awaiting retrial. Prosecutors linked the murder to a revenge scheme against Baugh’s boyfriend, Jon Mitchell-Momoh, who survived a separate shooting but was considered a target due to a falling out with Wiggins. Baugh was tragically found shot to death in a Minneapolis alley in January 2020, after being kidnapped from a home showing in Maple Grove, raising further questions about justice in this case.

The search for justice continues as the community seeks closure for the tragic loss of Monique Baugh.

Source: Link

OECD: announced global growth is stabilizing

The Organization for Economic Cooperation and Development, or OECD, has announced that global growth is stabilizing at 3.2% for this year, slightly raising its forecast amid easing inflation and the waning impact of central bank rate hikes.

In its latest report, the OECD projects that this growth rate will remain steady into 2024, improving from an earlier estimate of 3.1%. However, the outlook for the U.S. economy indicates a slowdown, with growth expected to drop from 2.6% this year to 1.6% by 2025. The OECD has adjusted its 2025 forecast down from 1.8%, citing interest rate cuts that may help cushion this decline.

Meanwhile, the Chinese economy, the world’s second-largest, is anticipated to slow from 4.9% growth in 2024 to 4.5% in 2025, as government stimulus faces challenges from weak consumer demand and struggles in the real estate market.

On a brighter note, the eurozone is set to experience stronger growth, nearly doubling from 0.7% this year to 1.3% in 2025, driven by rising incomes that outpace inflation. The OECD has also increased its growth forecast for the UK, now predicting an expansion of 1.1% in 2024 and 1.2% in 2025, a significant boost from previous estimates.

Source: Link

California Governor Newsom has signed a bill

And finally, California Governor Gavin Newsom has signed a bill that limits real estate contracts between homebuyers and their agents to just three months.

This legislation, signed on September 24, addresses agreements that became mandatory following a recent settlement from the National Association of Realtors’ commission lawsuit. Under the new law, which will take effect on January 1, 2024, homebuyers will be required to have a buyer-representation agreement with their agents, making California one of at least 28 states to implement such regulations.

Supporters of the bill argue that the time limit empowers buyers and encourages better service from agents.

Source: Link

About “3 Things You Need to Know” on OnTrack Agent

3 Things You Need to Know” delivers concise, no-nonsense real estate news, ensuring that agents stay informed and ahead of the curve.

Stripping away editorial commentary, the show focuses on the key developments shaping the real estate industry and the broader U.S. economy.

Whether it’s market trends, legislative changes, or economic shifts, each episode distills the most important information into easily digestible segments.

Designed specifically for real estate professionals, “3 Things You Need to Know” equips agents with the insights they need to make informed decisions and thrive in a competitive landscape.

Stay connected to the pulse of the industry with timely updates that matter each weekday, Monday through Friday.

 

3 Things You Need to Know – Copyright 2024 – OnTrack Agent

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