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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...
Williston Financial Group Subsidiary Acquires Volly

Williston Financial Group Subsidiary Acquires Volly

by Phil Hall | Dec 22, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

MyHome, the marketing and technology subsidiary of Williston Financial Group (WFG), has completed its acquisition of Volly, a provider of technology and marketing services for banks, credit unions, and mortgage lenders. The financial terms of the transaction were not...
Philly Fed Chief on Rate Cuts: ‘We Don’t Have to Do It Too Fast’

Philly Fed Chief on Rate Cuts: ‘We Don’t Have to Do It Too Fast’

by Phil Hall | Dec 20, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Bank of Philadelphia President Patrick Harker stressed the importance for the central bank to lower interest rates – just not in the immediate future. Speaking today in an interview with the Philadelphia radio station WHYY, Harker said, “It’s important...
US Population Grew by 1.6 Million This Year

US Population Grew by 1.6 Million This Year

by Phil Hall | Dec 19, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. gained more than 1.6 million people over the past year, growing by 0.5% to 334,914,895, according to the Vintage 2023 population estimates published by the U.S. Census Bureau. More states experienced population growth in 2023 than in any year since the start...
UK and EU Central Banks Keep Rates Unchanged

UK and EU Central Banks Keep Rates Unchanged

by Phil Hall | Dec 14, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The central banks for the U.K. and European Union mirrored the example of their American counterparts and kept their respective interest rates unchanged. The Bank of England maintained its 5.25% rate, which is a 15-year high. Andrew Bailey, governor of the Bank of...
Federal Reserve Leaves Rates Unchanged

Federal Reserve Leaves Rates Unchanged

by Phil Hall | Dec 13, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve has opted to ring out 2023 by keeping rates unchanged. The central bank’s policy making Federal Open Market Committee voted unanimously to hold the federal funds rate in the range of 5.25% to 5.5%. In offering its decision, the Fed presented a...
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