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CFPB Loses Key IMB Redlining Case

CFPB Loses Key IMB Redlining Case

by Staff Writer | Feb 3, 2023 | Industry Updates, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Feb. 3, 2023 (Staff Writer) — Earlier today, a District Court in Chicago ruled in CFPB v. Townstone Financial Inc. and Barry Sturner that the Equal Credit Opportunity Act (ECOA) does not extend to prospective applicants under a plain language reading of the...
New $45 Million Affordable Housing Development Breaks Ground in Midtown Houston

New $45 Million Affordable Housing Development Breaks Ground in Midtown Houston

by Staff Writer | Feb 3, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Feb. 3, 2023 (Staff Writer) — The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, announced today that it has begun construction of a new $45 million affordable housing development that will create 149 affordable rental...
New Home Lot Inventory Jumps In 4Q22, Zonda Reports in Lot Supply Index

New Home Lot Inventory Jumps In 4Q22, Zonda Reports in Lot Supply Index

by Staff Writer | Feb 3, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

Feb. 3, 2023 (Staff Writer) —  Zonda, the housing industry’s foremost advisors, released the New Home Lot Supply Index (LSI) for 4Q22. The New Home LSI, backed by data from Zonda, shows lot supply loosened year-over-year across the United States. The index is a...
Home Rents on the Rise: Double-Digit Increases in 52% of U.S. Cities

Home Rents on the Rise: Double-Digit Increases in 52% of U.S. Cities

by Staff Writer | Feb 3, 2023 | Industry Updates, Real Estate News, U.S. Housing Market

Feb. 3, 2023 (Staff Writer) — Rentometer has released their Q4 2022 rent statistics for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects data for all residential asset classes, but this report is focused on SFR because they...
When Will the Housing Market Crash?

When Will the Housing Market Crash?

by Third Party | Feb 3, 2023 | Real Estate News, U.S. Housing Market

Source: US News —  Any period of economic uncertainty can make a major financial decision, like buying a house, more stressful. Even times of economic confidence can seem like the perfect time for the bottom to fall out, and you don’t want your home to be...
Cannabis companies seeking real estate face limited choices and premium prices

Cannabis companies seeking real estate face limited choices and premium prices

by Third Party | Feb 3, 2023 | Commercial Real Estate News, Industry Updates, Real Estate News

Source: MJBizDaily —  Experienced cannabis entrepreneurs know that ancillary companies such as construction and banking providers often charge marijuana businesses more than their non-plant-touching counterparts—the so-called “green tax.” The green tax applies...
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