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WASHINGTON (May 20, 2016) — Despite ongoing inventory shortages and faster price growth, existing-home sales sustained their recent momentum and moved higher for the second consecutive month, according to the National Association of Realtors®. A surge in sales in the Midwest and a decent increase in the Northeast offset smaller declines in the South and West.

Total existing-home sales¹, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.7 percent to a seasonally… Read More

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WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached a $630,000 agreement with a group of Illinois property owners and a management company resolving allegations they violated the Fair Housing Act and Section 504 of the Rehabilitation Act of 1973 by using rental screening policies that prevented applicants with mental disabilities from living in a supportive living complex the group owned.

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WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it charged a group of Utah property owners and their property manager with violating the Fair Housing Act by refusing to allow a single mother and her son, who has disabilities, to keep an assistance animal and by using burdensome policies and forms for reasonable accommodation requests for assistance animals at four properties.

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WASHINGTON – The Federal Housing Administration (FHA) today proposed a new rule to strengthen its Home Equity Conversion Mortgage (HECM) Program.

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WASHINGTON (May 19, 2016) — The median age and years of experience of Realtors® has decreased as new and younger professionals enter the industry, according to the 2016 National Association of Realtors® Member Profile.

The survey's results are representative of the nation's nearly 1.2 million Realtors®; members of NAR account for about half of all active real estate licensees in the U.S. Realtors® go beyond state licensing requirements by subscribing to NAR's Code of Ethics and standards of practice and… Read More

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