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 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...
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 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...
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...
Crow Holdings, a Dallas-headquartered real estate investment and development firm, has acquired a privately owned 46-property, 9,838-pad, all-age manufactured housing portfolio. The acquisition was made through Crow Holdings’ investment management company Crow...
Hits and Misses for the Real Estate Week of June 15-19
