More than 10,000 plaintiffs — including homeowners, businesses and other individuals — will receive a collective $4 billion settlement following a devastating wildfire on the Hawaiian island of Maui that killed 102 people and destroyed the historic city of Lahaina. The settlement was reached by the plaintiffs and seven defendants:…
Continue reading →In less than two weeks, offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, per the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. While brokers across the country agree that they and their agents will no longer be advertising…
Continue reading →Real estate technology firm Rechat announced a strategic partnership on Monday with Peerage Realty Partners that aims to expand tech tool and service offerings for Peerage agents and brokers. Peerage is a top-10 residential real estate services firm that operates across North America and is closely connected with Sotheby’s International…
Continue reading →Rising home prices managed to outpace an all-time high of $13.8 trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 trillion in the second quarter of 2024. On top of that, tappable home equity reached a new high of $11.5 trillion, a 4% gain compared…
Continue reading →Fears of a recession in the U.S. sent shockwaves through financial markets around the world on Monday. The Dow-Jones dropped 1,000 points by 10:30 a.m. Eastern time, the NASDAQ lost up to 6% of its value and Japanese stocks suffered their biggest crash since 1987, with the Nikkei 225 stock…
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