The Real Brokerage Inc. (NASDAQ: REAX) announced a $9.25 million settlement agreement to resolve the pending class action litigation in one of the post-Sitzer/Burnett copycat lawsuits regarding the commissions paid to real estate professionals. Under the terms of the...
The San Francisco city government is considering an ordinance that would force grocery stores to give six months’ notice before closing while searching for a replacement to take over their real estate while hosting community meetings to offer updates on their...
Blackstone (NYSE: BX) and Apartment Income REIT Corp. (AIR Communities) (NYSE: AIRC), announced that Blackstone Real Estate Partners X will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately...
Robert Reffkin, CEO of Compass Inc. (NYSE: COMP), is predicting the recent settlement by the National Association of Realtors (NAR) will have a minimal impact on the real estate industry. “I think the headlines have been much more dramatic than the details of...
Pennsylvania Sen. John Fetterman became the most prominent Democratic lawmaker to openly oppose the concept of “squatter’s rights.” In a weekend interview with the New York Post, Fetterman acknowledged dealing with squatters when he served as mayor of Braddock,...
The latest data analysis of the Home Purchase Sentiment Index (HPSI) published by Fannie Mae (OTCMKTS:FNMA) suggests households have become acclimated to higher mortgage rates. The HPSI decreased 0.9 points in March to 71.9, its first decline since November 2023, with...
Hits and Misses for the Real Estate Week of May 11-15
