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HUD marks the 50th anniversary of Fair Housing Act amid controversy

On April 11, the U.S. Department of Housing and Urban Development (HUD) will mark the 50th anniversary of the Fair Housing Act at a ceremony in Washington, D.C. However, some of HUD’s recent actions have received a significant amount

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Real Estate in Brief: REAL Trends reveals nation’s largest brokerages, rents spike and more

REAL Trends, a real estate brokerage news source, recently released its 2017 REAL Trends 500, a ranking of the nation’s leading residential real estate brokerage firms. NRT LLC sits atop the list as the largest residential brokerage company in the country, with 346,942

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NAR 2019 budget proposal includes larger focus on political efforts

The National Association of Realtors has released its 2019 budget plan, which includes approximately $35 million in new programming. The plan — dubbed the S.M.A.R.T. Initiatives: Strategic Measures Advancing Realtors to Tomorrow — will increase dues for each of

Millennials spend nearly half their income on rent

It’s common for millennials to be thinking about buying a home or starting a family, but increasing rent prices are holding back many from making the leap into homeownership. An RentCafe analysis of data dating back to 1974 revealed that

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This Week in Miami Real Estate: School housing proposal, big downtown listing and more

Miami’s well-documented wealth gap often means housing affordability challenges for those who make modest wages, including teachers. A new preliminary proposal aims to address that issue by building teacher housing on school sites. The first proposal — from a

US pending home sales rose in February

National pending home sales increased 3.1 percent from January to February, according to the Pending Home Sales Index from the National Association of Realtors. Despite this increase, the index is still down 4.1 percent from last year to 107.5, likely held

Facebook sued for housing discrimination

The National Fair Housing Alliance (NFHA) filed a lawsuit against Facebook in federal court on March 27, claiming the company’s advertising platform “enable[s] landlords and real estate brokers to bar families with children, women, and others from receiving rental

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NAR survey reveals dichotomy between housing, economic sentiment

The number of households feeling confident about the economy and their current financial situation is decreasing, which directly impacts their housing sentiments, according to the National Association of Realtors’ Housing Opportunities and Market Experience (HOME) survey. Homeowners are increasingly positive about

Homebuyers gear up for a competitive spring market

The spring buying season is expected to be driven by record-breaking inventory lows and a flood of buyers, including those who were unable to snag a home last year. According to a new realtor.com survey of active buyers, this season is

Homeowners have gained the highest amount of equity in four years

The average American homeowner gained about $15,000 in home equity in 2017 — the most since 2013, according to the latest CoreLogic Equity Report. Higher home-equity wealth typically promotes higher spending, and IHS Markit analysis predicts that a gain

Starter home market is worst of all housing segments

The starter home sector is faring worse than the housing market as a whole, according to a recent report by Trulia. Despite overall housing inventory being up 3.3 percent, starter home inventory decreased 14.2 percent from last year to this

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This Week in Miami Real Estate: Armani/Casa progress, 30 Under 30 and more

Residences by Armani/Casa, another branded residential development in Miami, recently reached the halfway point in its construction to 56 stories. The project, from developers The Related Group and Dezer Development, is proving very popular: it’s not scheduled to open

The effect of tax reforms on homeownership

The recently passed Tax Cuts and Jobs Act of 2017 makes significant changes to tax benefits for homeowners, including decreasing the limit on borrowing subject to the mortgage interest deduction from $1 million to $750,000, and capping deductions for both

Almost 100,000 members of Generation Z own homes

More than 99,000 members of Generation Z — those born in 1995 or after — have mortgages, according to credit agency TransUnion. While this is less than than every other generation — compared to more than 12 million millennials, nearly 24

Texans, Colombians clamor to move to Miami

South Floridians know the lure of their region quite well: diverse residents, healthy job market, great weather. And a new report shows that people around the globe want in on the action — especially Texans and Colombians.  The Miami

After two months of declines, US existing-home sales increase in February

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent

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