Real estate professionals can be the first line of defense for upholding fair housing laws and principles, and a new bill under debate in Massachusetts wants to ensure that agents know how to perform this job. The current draft of the legislation, which has been backed by the Massachusetts Association of Realtors® (MAR), mandates that…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. HUD proposes eliminating a key fair housing rule On Wednesday, January 14, the Department of Housing and Urban Development (HUD) published a new rule proposal into the Federal Register that would change how the…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – A new proposal from the Consumer Financial Protection Bureau (CFPB) involving the Equal Credit Opportunity Act (ECOA) has created questions surrounding women’s and minority borrowers’ ability to get a mortgage. The proposal would…
Midwest Real Estate Data (MRED), which claims almost 50,000 members in the Chicago region, has issued a forceful public rebuttal to Zillow’s recent study alleging that private listings in Chicago reinforce housing segregation, pointing to internal Zillow documents as it argues the portal giant’s criticism may be driven more by business strategy than consumer protection.…
New analysis by Zillow claims major disparities in how homes are marketed through Chicago’s private listing network, with homes in majority-white neighborhoods over twice as likely to be listed privately compared to those in majority-non-white areas. Released today, the research examined over 40,000 residential listings from Midwest Real Estate Data (MRED), the multiple listing service…