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State Farm to Drop 72,000 Property Insurance Policies in California

State Farm to Drop 72,000 Property Insurance Policies in California

by Phil Hall | Mar 22, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

State Farm General Insurance Co. announced it will not be renewing 72,000 property insurance policies in California. In a statement on its website, the Bloomington, Illinois-headquartered carrier stated it “had to make some difficult but necessary decisions that will...
Compass in $57.5 Million Settlement Over Commission Charges

Compass in $57.5 Million Settlement Over Commission Charges

by Phil Hall | Mar 22, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Compass Inc. (NYSE:COMP) has agreed to a $57.5 million settlement that will resolve allegations that it conspired to maintain inflated real estate commissions. In a statement, the company said the settlement would not “materially impact its future operations but...
Bill Introduced to Remove Squatter Rights in New York

Bill Introduced to Remove Squatter Rights in New York

by Phil Hall | Mar 22, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After news reports of a Queens homeowner getting arrested for changing the locks on her property to keep a squatter from accessing the house, a New York legislator has introduced a bill to keep squatters from claiming tenant rights. WABC-TV reported State Assemblyman...
Kaplan Launches Buyer Agency Professional Designation

Kaplan Launches Buyer Agency Professional Designation

by Phil Hall | Mar 22, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kaplan Inc., the global educational services company, has created the Buyer Agency Professional (BAP) designation for buyer agents in the post-Sitzer/Burnett real estate environment. “On a scale of one to 10, the National Association of Realtors’ decision to change...
Home Prices and Sales Up in Pennsylvania

Home Prices and Sales Up in Pennsylvania

by Phil Hall | Mar 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median home sales price in Pennsylvania hit $205,235 in February, up 3.7% from one year ago. According to the Pennsylvania Association of Realtors (PAR), February’s price is also up 3.5% from January 2024. February’s home sales totaled 6,934, up from January’s...
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