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NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict

NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict

by Phil Hall | Jan 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the residential brokerages that were found liable in October for a $1.8 billion verdict in the Missouri-based Sitzer/Burnett trial have asked a federal judge to either reject the verdict or grant a new trial. According to...
Janover Creates Insurtech Subsidiary

Janover Creates Insurtech Subsidiary

by Phil Hall | Jan 9, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Boca Raton, Florida-based Janover Inc. (NASDAQ: JNVR), an AI-enabled platform for commercial real estate transactions, has launched a new insurtech subsidiary called Janover Insurance Group. According to the company, the new venture will integrate with Janover’s...
Tejon Ranch to Begin Construction on Multifamily Community

Tejon Ranch to Begin Construction on Multifamily Community

by Phil Hall | Jan 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tejon Ranch Co. (NYSE:TRC) announced plans to move forward with the development of residential communities at its 270,000-acre land holding located approximately 60 miles north of Los Angeles. The company plans to begin construction on Terra Vista at Tejon, a new...
Are Housing Inventory Levels on the Rise?

Are Housing Inventory Levels on the Rise?

by Phil Hall | Jan 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of the nation’s 50 largest metro areas record year-over-year increases with their housing inventory levels last month, according to new data from Realtor.com. During December, there was a 9.1% uptick in the number of more newly listed homes compared one...
Mortgage Credit Availability Down in December to 11-Year Low

Mortgage Credit Availability Down in December to 11-Year Low

by Phil Hall | Jan 9, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability decreased in December, according to new data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 4.6% last month to 92.1 – the index was benchmarked at 100 in March...
Landsea Homes Corp. Acquires Antares Homes for $232.2 Million

Landsea Homes Corp. Acquires Antares Homes for $232.2 Million

by Phil Hall | Jan 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Dallas-headquartered residential homebuilder Landsea Homes Corp. (NASDAQ: LSEA) is acquiring Antares Homes, a Dallas-Fort Worth based homebuilder for $232.2 million in cash, which includes repayment of an anticipated $47.2 million of Antares Homes debt. Upon...
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