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Reuters, May 22, 2024, US Home Sales Post Second Straight Monthly Drop; House Prices Accelerate WASHINGTON, May 22 (Reuters) – U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though the report from the National Association of Realtors on […]

The Wall Street Journal, May 20, 2024, They Were Used to Five-Star Service At First Republic. Now They’re Just Regular Customers. First Republic Bank FRCB -33.33% decrease; red down pointing triangle had a knack for making customers feel special. Its new owner isn’t getting such rave reviews.  Over Memorial Day weekend, all First Republic customers were moved over

Housingwire, May 21, 2024, Zillow’s New AI Tool Aims To Promote Equality In Housing Zillow announced the release of an open-source tool, the Fair Housing Classifier, on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“ In a news release, Zillow explained that artificial intelligence (AI)

The New York Times, May 9, 2024, A Little-Known Way Home Buyers Can Beat High Mortgage Rates Home prices were already high when Ellen Harper, a software architect living in Atlanta, started searching for a house in 2021. But she couldn’t have anticipated the quick surge in interest rates the next year, and, even with

Axios, May 9, 2024, Housing Summit Offers Affordability Solutions NWA has long been a desirable place to live because of its amenities, schools, university and low cost of living. But it’s at risk of losing the affordability that makes it appealing, McLarty said. Housing costs also directly affect corporations’ ability to attract and retain talent.

The New York Times, May 9, 2024, A Plan To Help Harlem Students Build Wealth: Start Them Off With $10,000 A New York City nonprofit group, flush with millions in private capital, is piloting a first-of-its-kind savings program to address the racial wealth gap — by giving thousands of students in Harlem $10,000 each to

Planetizen, May 8, 2024, Ten Trends Shaping Affordable Housing Passive House design takes the top spot, signaling the growing importance of sustainability in building practices. “In today’s affordable housing landscape, request for proposals (RFPs) are identifying a desire for net zero operational, Passive House, and WELL building standards—more than just green design.” Builders are also including

Urban Institute, April 19, 2024, The Wealth Gap Between Homeowners And Renters Has Reached A Historic High The significantly wider gap in average wealth (compared with median wealth) indicates that a large share of wealth is concentrated among a small share of households. Because of this, in a new analysis, we explore the reasons for

NPR, May 7, 2024, Toxic Culture Is The Norm At The FDIC, Outside Review Cites 500 Employee Complaints An outside review of the Federal Deposit Insurance Corporation found a toxic workplace where hundreds of employees complained of sexual harassment, discrimination and other misconduct which went largely ignored by the agency’s management. The investigation was commissioned after a scathing