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One Week After Settlement, HomeServices Faces New Commission Lawsuit

One Week After Settlement, HomeServices Faces New Commission Lawsuit

by Phil Hall | May 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

One week after it announced a $250 million settlement agreement to resolve concerns raised over real estate agent commissions, HomeServices of America, the real estate brokerage unit of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A), is facing a new class action...
FHFA and HUD Announce New Reconsideration of Value Policies

FHFA and HUD Announce New Reconsideration of Value Policies

by Phil Hall | May 2, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) have published their new Reconsideration of Value (ROV) policies to address concerns raised by potential disparities in residential property appraisals. An ROV is a...
Federal Reserve Keeps Rates Unchanged

Federal Reserve Keeps Rates Unchanged

by Phil Hall | May 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

To the surprise of no one, the Federal Reserve has opted to maintain interest rates at the current level. The central bank’s policymaking Federal Open Market Committee stated it would keep the target range for the federal funds rate at 5.25% to 5.5%, a 23-year high;...
Blackstone Completes Acquisition of Toronto’s Tricon Residential

Blackstone Completes Acquisition of Toronto’s Tricon Residential

by Phil Hall | May 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) have completed their previously announced plan in which Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust Inc. acquired all the outstanding common shares of Tricon for...
New Housing Department Proposed for North Carolina

New Housing Department Proposed for North Carolina

by Phil Hall | May 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A bill has been introduced in the North Carolina House of Representatives to create a new state-level housing department. NCNewsline.com reported Rep. Diamond Staton-Williams’ House Bill 925 is proposing the creation of the North Carolina Department of Housing and...
Village Premier Collection Joins The Real Brokerage’s Private Label Program

Village Premier Collection Joins The Real Brokerage’s Private Label Program

by Phil Hall | May 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) announced that Village Premier Collection, the nation’s largest minority- and woman-owned independent brokerage, has joined the company under its recently launched Private Label program. The Atlanta-based Village Premier brings...
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