Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

The US government alleges Facebook enabled housing ad discrimination

By Andrew Liptak

Facebook didn’t show ads to people who listed things like ‘child care,’ ‘mobility scooters,’ or ‘assistance dog’ as interests

Illustration by Alex Castro / The Verge

Facebook has a new headache when it comes to housing advertisements. The federal government has filed charges (via Axios) that the social media site violated the Fair Housing Act by allowing ads to discriminate against some protected groups.

The US Department of Housing and Urban Development (HUD) filed its complaint last week over the company’s advertising practices, something that investigative reporting and nonprofit groups have alleged for the last two years. In 2016, a ProPublica investigation revealed that anyone advertising housing could discriminate on the basis of race, and a year later, a followup investigation found that Facebook hadn’t solved the problem. The company had updated its advertising policies, but despite those updates, discriminatory ads still made it through the company’s review process.

As a result, National Fair Housing Alliance and other………………….

Full story at THE VERGE

New Tool Pinpoints the Best Days to Sell a Home

Ever wish you knew the best time to sell in your market? A tool from HomeLight, a real estate referral company, wants to reveal sellers’ best chances for getting top dollar or the quickest sale.

Nationwide, the best months to list a home is in the spring, according to HomeLight’s data. March, April, and May tend to offer the best returns or fastest sales for home sellers. September is still one of the strongest performing months for sales as well.

Map of U.S. showing best month to list in select areas

HomeLight

However, the best time to sell can also vary quite a bit from region to region. HomeLight analyzed housing market data from 2014 to 2017 in search of the best month to sell in cities across the U.S. For example, it found that in San Francisco and Phoenix, September offers the best bang for sellers’ buck, and in October, Seattle may offer sellers the best chances. On the other hand, the month of February most often gives sellers the best opportunities in New York City.

Plug in your city and state on homelight.com to receive charts that reveal the best time for maximizing sales price, what time is best for selling a home faster, or when sellers are likely to get the best sale-to-list ratio. You can also go deeper into the data beyond a general metro area and take a peek at the data within smaller towns, too.

Chart showing agents choose spring as best time to list

HomeLight

Source: 

Cities Expected to Get the Most New Residents in Q3

The highest share of homeowners are likely to move in the third quarter to Chicago, Washington, D.C., Orlando, Tampa, and Atlanta, according to a new study by ATTOM Data Solutions, a real estate data firm. Researchers culled data from purchase loan applications on residential transactions among metro areas with at least 500,000 single-family homes and condos for ATTOM’s Pre-Mover Housing Index.

“A higher pre-mover index bodes well for local real estate agents, home improvement stores, moving companies, and others that benefit from the halo effect of a home sale,” says Daren Blomquist, senior vice president at ATTOM Data Solutions. “Meanwhile markets with a low pre-mover index likely have a scarcity of inventory available to buy or relatively weak demand from prospective buyers—or some combination of both—which is not optimal for businesses that rely on the home sale halo effect.”

The analysis showed that the metros with the lowest number of new residents in the second quarter were moving to Cleveland; Boston; Pittsburgh; Detroit; and San Francisco.
 

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