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NAR Seeks Supreme Court Input to Stop DOJ’s Relaunched Probe

NAR Seeks Supreme Court Input to Stop DOJ’s Relaunched Probe

by Phil Hall | Aug 29, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) announced in a court filing that it plans to ask to the U.S. Supreme Court to overturn an appeals court ruling that allowed the US Department of Justice (DOJ) to reopen an investigation into the trade organization that was...
District of Columbia in $3.3 Million Settlement with Title Insurance Firms Over Kickback Schemes

District of Columbia in $3.3 Million Settlement with Title Insurance Firms Over Kickback Schemes

by Phil Hall | Aug 29, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

District of Columbia Attorney General Brian L. Schwalb announced a settlement where Allied Title & Escrow LLC, KVS Title LLC, Modern Settlements LLC, and Union Settlements LLC will pay a combined $3.29 million after his office investigated illegal kickback schemes...
Forecast: Global Real Estate Software Market to Grow by $7 Billion Through 2028

Forecast: Global Real Estate Software Market to Grow by $7 Billion Through 2028

by Phil Hall | Aug 29, 2024 | International Real Estate News, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The global real estate software market is predicted to grow by $7.20 billion from 2024 through 2028 with a compound annual growth rate of 10.22%, according to a new forecast Technavio. The market’s potential expansion is attributed in part to technology advancements,...
Suspect in Toronto-Area Realtor’s Murder Believed to Have Fled Canada

Suspect in Toronto-Area Realtor’s Murder Believed to Have Fled Canada

by Phil Hall | Aug 29, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A suspect in the murder of a Toronto-area real estate agent may have already fled the country. CTV News reported that Zhixiong Marko Hu was wanted for first-degree murder in the death of Yuk-Ting (Anita) Mui, whose burned remains were found on Aug. 12 after she was...
California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants

California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants

by Phil Hall | Aug 29, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The California State Senate voted 23-11 to approve a bill that opens a state program for down payment assistance to illegal immigrants. However, it is unclear whether Gov. Gavin Newsom will sign or veto the bill. AB 1840 would require the California Dream for All...
Atlanta Fed Chief Recommends Waiting on Rate Cuts

Atlanta Fed Chief Recommends Waiting on Rate Cuts

by Phil Hall | Aug 29, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Bank of Atlanta President Raphael Bostic is seeking to dial down the enthusiasm over a potential rate cut by the central bank next month, arguing there was no rush for such an action. Reuters reported that Bostic used a speech in Atlanta to declare he...
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