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Justice Department Objects to Settlement in Real Estate Commission Case

Justice Department Objects to Settlement in Real Estate Commission Case

by Phil Hall | Feb 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Justice has made its first foray into the growing number of lawsuits regarding real estate commissions by asking a federal judge in Boston to reject a consumer settlement between a group of home sellers and a multiple listing service. Reuters is...
Hits and Misses for the Real Estate Week of Feb. 12-16

Hits and Misses for the Real Estate Week of Feb. 12-16

by Phil Hall | Feb 16, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The MBA chief’s calling out the Biden administration’s housing policies, the Toronto mayor’s contemptuous defense of a massive residential property tax and an unlikely setting for weddings. From the wild and wooly world of real estate, here are the Hits and Misses for...
Clever Real Estate Debuts Title and Escrow Subsidiary

Clever Real Estate Debuts Title and Escrow Subsidiary

by Phil Hall | Feb 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Clever Real Estate has launched Clever Title, a title and escrow company. According to the St. Louis-based company, Clever Title’s online portal offers real-time tracking, online document storage, and full digital encryption. Tony Chahal, formerly senior vice...
California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months

California Records First Year-Over-Year Uptick in Existing-Home Sales in 31 Months

by Phil Hall | Feb 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California existing home sales reached their highest level in six months during January, according to new data from the California Association of Realtors (CAR). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted...
Housing Starts Down for January

Housing Starts Down for January

by Phil Hall | Feb 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in January were at a rate of 1.004 million, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.7% below the revised December figure of 1.054 million. Privately‐owned housing...
Westfield Sued for Trying to Terminate Lease on NYC’s Fulton Center

Westfield Sued for Trying to Terminate Lease on NYC’s Fulton Center

by Phil Hall | Feb 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The New York City Transit Authority has filed a lawsuit against Westfield Corp. to prevent it from terminating its operations at the lower Manhattan commuter hub Fulton Center less than halfway into its 20-year lease. Fulton Center currently has 68 retail tenants....
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