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Weyerhauser Makes First Transaction in the Voluntary Carbon Market

Weyerhauser Makes First Transaction in the Voluntary Carbon Market

by Phil Hall | Dec 27, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Seattle-headquartered Weyerhaeuser Co. (NYSE: WY), one of the world’s largest private owners of timberlands, announced an agreement for the sale of nearly 32,000 forest carbon credits at $29 per credit. The agreement marks Weyerhaeuser’s first transaction...
Second Texas Lawsuit Filed Over Broker Commissions

Second Texas Lawsuit Filed Over Broker Commissions

by Phil Hall | Dec 26, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the second time in a month, a lawsuit has been filed in Texas claiming the state’s real estate industry is engaged in a “conspiracy” related to broker commissions. The new putative class action lawsuit – Martin, et al., v. Texas Association of Realtors, Inc., et...
Four Japanese Property Insurers Called Out for Price Fixing Scheme

Four Japanese Property Insurers Called Out for Price Fixing Scheme

by Phil Hall | Dec 26, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Japan’s financial regulator has ordered the nation’s four major property insurers to change their business operations after it was discovered they engaged in a price fixing collusion scheme that inflated the insurance premiums for corporate customers and government...
Case-Shiller: Home Prices ‘Accelerated’ in October

Case-Shiller: Home Prices ‘Accelerated’ in October

by Phil Hall | Dec 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices soared in the latest data S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which reported a 4.8% annual change in October, up from a 4% change in the previous month. The 10-City Composite showed an increase of 5.7%, up from a 4.8%...
Study: Less Than 16% of Homes for Sale in 2023 Were Affordable to Typical US Households

Study: Less Than 16% of Homes for Sale in 2023 Were Affordable to Typical US Households

by Phil Hall | Dec 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15.5% of homes for sale in 2023 were affordable for the typical U.S. household, according to new data from Redfin (NASDAQ:RDFN). This presents a drop from 20.7 in 2022 for a new record low; prior to the pandemic, more than 40% of homes were affordable. Redfin...
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