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NY lawmakers want more transparency from co-ops

By Mike Wheatley | April 16, 2021
Lawmakers in New York are trying to push through a bill that would force co-op boards to explain why they reject potential buyers of their apartments. The bill is meant to prevent discrimination by co-ops when they make such decisions, proponents of the new law say. If the state senate bill is approved, it would […]
Featured News, Real Estate Agents, US Real Estate

New York can now revoke licenses from real estate pros that discriminate

By Mike Wheatley | August 6, 2020
New York Governor Andrew Cuomo on Monday signed into law new legislation that makes it possible for the state to revoke real estate licenses from agents and brokers who violate anti-discrimination laws. Cuomo said New York has “zero tolerance” for discrimination of any kind and that the “sheer scope and breadth of the unscrupulous and […]
US Real Estate

Study shows black homeowners pay higher property taxes

By Mike Wheatley | July 11, 2020
A new analysis from economists Troup Howard of the University of Utah and Carlos Avenancio-Leon of Indiana University has found that black households on average pay 13% more in property taxes every year than white households with similar finances. The analysis, published in a working paper, says that homes owned by black families tend to […]
Featured News, Home Buying

LGBT buyers can't afford homes in areas with protection from discrimination

By Mike Wheatley | June 24, 2020
Lesbian, gay, bisexual, and transgender home-buyers and renters must pay a premium to live in states, cities and counties that offer legal protection from discrimination. While it is unlikely that legal protections for LGBT people increase home values, the fact that these jurisdictions are more expensive has a disproportionate impact on LGBT buyers and renters […]
Mortgage, US Real Estate

Digital mortgage applications result in less discrimination, study finds

By Mike Wheatley | October 3, 2019
Digital mortgage applications are having the positive effect of reducing discrimination of black and Latino home buyers, a new study shows. The study, by the National Bureau of Economic Research, reveals that algorithmic lending reduces discrimination by up to 40% compared to applications which are dealt with face-to-face. With digital mortgage applications, the interest rates […]
Residential, US Real Estate

HUD's proposed rule change could limit housing discrimination lawsuits

By Mike Wheatley | August 23, 2019
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 […]
US Real Estate

Activists push to end housing discrimination against ex-cons

By Mike Wheatley | June 19, 2019
A number of U.S. cities are taking action to prevent landlords from denying applications from previously convicted criminals. For example, in Cook County, officials there recently approved a new ordinance that aims to help those with criminal convictions find housing within Chicago more easily. In fact, several big cities in the U.S. are pushing for […]
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