HUD’s proposed rule change could limit housing discrimination lawsuits



The Department of Housing and Urban Development is proposing a change to its fair housing rules, but critics say the move could result in less discrimination lawsuits. The HUD has proposed a change in its regulations that would do away with the so-called “Disparate Impact rule”, which is often used as a way of enforcing […]

New home starts fall for 3rd successive month



New construction of single-family homes saw an uptick, but a decline in multifamily production for apartments and condos meant an overall decrease of 4% in housing starts last month, according to new data from the Commerce Department. Single-family home starts rose 1.3% to 876,000 units in July, with the largest increase seen in the South. […]

Gen Z credit market comes of age



Generation Z is finally coming of age, with around 14 million consumers born during or after 1995 taking out credit, including mortgages, according to data from the credit firm TransUnion. In its Q2, 2019 Industry Insights report, TransUnion said that both the newest and the oldest members of “credit-eligible” Gen Z’ers are beginning to enter […]

U.S. home values show strong, but slowing growth



U.S. home value growth continues to slow, according to Zillow’s latest Real Estate Market Report. The rate of annual home value appreciation decreased for the seventh straight month in July. The typical U.S. home is worth $229,000, up 5.2% from a year ago – this is the smallest annual appreciation since October 2015. Last year […]

Airbnb acquires Urbandoor to expand its corporate client business



Airbnb last week acquired a platform called Urbandoor that offers extended stays for corporate clients. Founded in 2015, Urbandoor differentiates itself not just through its focus on business travelers, but also by the fact it deals directly with multifamily building owners instead of renters. The company goes directly to big real estate firms like Greystar, […]

Midwestern markets heat up as buyers chase affordable homes



The Midwest is seeing growing home sales as more buyers swoop into the heartland in search of affordable homes. The uptick in sales means that midsize cities such as Boise, Idaho; South Bend, Indiana, and Columbia, Missouri are now showing up as some of the U.S.’s top-performing real estate markets. Just 10 of the 178 […]

Realtor.com warns of lower housing inventories



A report from realtor.com suggests that housing shortages are likely to get worse over the next year. The blame is being placed on a “housing shift” that will result in less homes being listed for sale, making it tougher for buyers to find a suitable home, even though the current low mortgage rates mean that […]

Oregon bans single-family zoning in major cities



Oregon has enacted a new law that requires cities with a population of over 10,000 people to allow duplexes in neighborhoods that had previously been zoned for single-family homes only, making it the first U.S. state to do so. Single-family zoning means that only one home can be built on each lot, but the growing […]

Redesign of standard mortgage application form is delayed



Fannie Mae and Freddie Mac say that proposed changes to the standard mortgage application form may be delayed. The changes to the Uniform Residential Loan Application form were announced three years ago and due to come into effect from February 1, 2020. But the new form could now be delayed, as the Federal Housing Finance […]

Research shows iBuyers typically cost sellers 13% to 15% more



Consumers who choose to use an iBuyer to sell their home often end up paying much higher fees than they would have if they’d gone with a traditional real estate agent, according to new research from Collateral Analytics. iBuyers are companies that provide instant cash offers and quick closings on a home, which can be […]