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Recent Real Estate News
Airbnb agrees to let California conduct fair housing tests on hosts
California homeowners who rent out their properties on Airbnb could now potentially be the target of fair housing investigations, thanks to an agreement between the short-term rental website and the California Department of Fair Employment and Housing. Here are the details.[Photos] Avilla Homes builds its first leased neighborhood in Texas
Avilla Homes opened its first leased neighborhood in Texas with a ribbon cutting ceremony in the Dallas area. Despite low inventory levels, the homes' developer explained the new neighborhood will not compete with single-family developments.Moody's: Canadian lumber tariff may take up to 6 months to impact U.S. homebuilders
The Trump administration recently announced a tariff on Canadian softwood lumber imported into the U.S. to address a long-standing issue between the two countries. And while Canadian lumber producers, as intended, will feel the impact immediately, so will U.S. homebuilders. The main difference is that it could take U.S. homebuilders up to six months to feel the financial blow.Housing industry praises Trump's selection of Pam Patenaude as HUD deputy secretary
For those in the housing industry, Pam Patenaude’s name is well known. So, it should come as no shock that the housing industry supports the Trump administration’s nomination of Patenaude to serve as the HUD deputy secretary. Declarations of support for Patenaude came in quickly after the White House’s announcement of her nomination, including from some of the housing industry’s biggest groups, and from Patenaude’s potential boss at HUD.Ten-X predicts existing home sales will drop in April
Ten-X predicts existing home sales will slip in April, coming down off March’s high. Despite this drop, economists explain the two months will still be the best in recent memory for the housing market.Consumer optimism sees slight uptick in April
Consumer optimism edged up slightly in April, but not quite as high as the beginning of the month. Independents are more confident in the economy, and Republicans and Democrats are beginning to converge as the partisan divide slowly heals.Trump picks Pam Patenaude to serve as HUD deputy secretary
HousingWire Woman of Influence Pam Patenaude was originally shortlisted to serve as the Secretary of the Department of Housing and Urban Development. That position ended up going to Ben Carson, as HousingWire first reported. Now in another HousingWire first, President Donald Trump plans to install Patenaude in the true position of power at HUD – deputy secretary.CoreLogic: Distressed sales drop to lowest level in nearly 10 years
Distressed sales continued to slip in January, hitting the lowest level in nearly a decade. CoreLogic’s report shows if distressed sales continue to move at the current rate, they could hit pre-crisis norms by early 2018.The long journey ahead for tax reform and what it means for housing
Treasury Secretary Steven Mnuchin and White House Chief Economic Advisor Gary Cohn revealed the Trump administration’s tax plan on Wednesday. So what exactly does the industry know so far? Well, for starters, tax reform, including housing-related tax reform, still has a long road ahead. Even with scarce details, housing associations gave their initial assessments of how the tax reform changes would impact the housing market and homebuyers.First quarter homeownership rate underwhelms
Homeownership rates held steady in the first quarter in what one economist called an underwhelming report. The homeownership rate continues to hover near all-time lows, and only Black households saw a notable difference in their rate in the first quarter.