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Supply of homes for sale fell by almost 30 percent year on year, the largest amount on record
Source: NBC News --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
Large corporate landlords have filed 10,000 eviction actions in five states since September
Source: NBC News --- In early September, Cristina Velez lost her job running the staffing team on a Covid-19 treatment trial. Faced with a $2,440 rent bill on the Boca Raton, Fla., home she shares with her daughter, Velez began calling her landlord, Progress...
Zillow blasts back at real estate startup’s antitrust suit
Source: Politico --- An antitrust suit against Zillow over how it displays real estate listings could cripple the platform, the company said in court filings Friday, warning that the case may ruin the nation's most popular website to search for homes for sale. Real...
New York Community Bancorp, Flagstar announces $2.6 billion merger deal
Source: MPA --- New York Community Bancorp (NYCB) said Monday that it is acquiring Flagstar in an all-stock merger deal. In a statement, the firms announced that they have reached a definitive merger agreement valued at approximately $2.6 billion. Flagstar...
Do buyers stand a chance in this heated real estate market?
Source: OC Register --- I read with great interest last week, Leslie Eskildsen’s column on a relatively new residential listing class known as Registered Status. If your unfamiliar – as was I – here are the Clif notes. A seller hires a broker to sell his house by...
$15k first-time homebuyer tax credit introduced in Congress
Source: MPA --- Democratic lawmakers introduced new legislation today to help first-time homebuyers grappling with soaring house prices with a tax credit of up to $15,000 as part of President Joe Biden’s bold housing agenda. The First Time Homebuyer Act, led by US...
