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Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR

Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) received a new legal headache as the U.S. Circuit Court of Appeals in Washington, D.C., ruled the U.S. Department of Justice (DOJ) can reopen its investigation into the trade group’s Participation Rule and Clear...
Fed Governor Says Rate Hike Possible if Inflation Stays High

Fed Governor Says Rate Hike Possible if Inflation Stays High

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The likelihood of the Federal Reserve cutting rates is now in doubt with a central bank leader hinting a rate hike is likely to control inflation. In prepared remarks published today ahead of a speech before the Spring 2024 Meeting of the Shadow Open Market Committee,...
eXp Realty Names Leo Pareja at CEO

eXp Realty Names Leo Pareja at CEO

by Phil Hall | Apr 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced the immediate appointment of Leo Pareja as CEO. He succeeds Glenn Sanford, who will continue as chairman and CEO of eXp World Holdings. Pareja joined the company in 2022 as chief strategy...
Survey: Half of Homeowners and Rents Struggle with Housing Payments

Survey: Half of Homeowners and Rents Struggle with Housing Payments

by Phil Hall | Apr 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Half of U.S. homeowners and renters (49.9%) continue to struggle to afford their housing payments, according to a new survey by Redfin (NASDAQ: RDFN). The nationwide survey polled approximately 3,000 homeowners and renters in February, with most of the data being...
NY Attorney General Questions Trump’s Bond in Valuation Fraud Case

NY Attorney General Questions Trump’s Bond in Valuation Fraud Case

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is challenging the $175 million bond posted by former President Donald Trump in his valuation fraud case by questioning the qualifications of the California company that put up the funds. According to a New York Times report,...
Cushman & Wakefield Names Jessica Francisco at Chief Sustainability Officer

Cushman & Wakefield Names Jessica Francisco at Chief Sustainability Officer

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Cushman & Wakefield (NYSE: CWK) has appointed Jessica Francisco as the company’s first chief sustainability officer. Francisco joined Cushman & Wakefield in 2022 as the global head of sustainability for the firm’s occupier services business. In her new role,...
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