The Department of Housing and Urban Development (HUD) is suing Facebook for violating the Fair Housing Act by “encouraging, enabling and causing housing discrimination” when it allows companies to use their platform to shield who can see certain housing ads.
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The Perfect Balance
We often hear that Millennials are currently driving the housing market. This rings true even for those in their 20’s nearing their 30’s, a prime time for first-time buyers. In a recent report, Realtor lists the most popular U.S. cities for Millennial homebuyers between the ages of 20 and 29 by looking at where they took out the highest percentage of mortgages last year from a pool of 200 large metropolitan areas.
Comparably, a platform that provides comprehensive data on work culture for companies across the United States, just released their Best Company Outlook Awards 2019. The annual awards highlight companies with the best outlook, who are ranked by employee ratings regarding how they feel about the company’s future and whether they would recommend the company to a friend.
This month is Women’s History Month, dedicated to recognizing and celebrating the central role of women in American history. In honor of this occasion, NAWRB presents important facts by the U.S. Census Bureau on the current state of women in their latest Facts for Features piece.
The month of March is Women’s History Month, dedicated to recognizing and celebrating the central role of women in American history. In honor of this event, NAWRB is recognizing the phenomenal achievements by women in history.
Administrator of the U.S. Small Business Administration, Linda McMahon, announced the winners of the 2019 Small Business Persons of the Year awards, recognizing innovative entrepreneurs contributing to their local economy and community from all fifty states, the District of Columbia, Puerto Rico and Guam.
For the 10th year in a row, Vienna, Austria has ranked as the top city for providing its citizens with the best quality of life, according to Mercer’s 2019 Quality of Living Ranking. Zurich, Switzerland, was the runner up for best quality of life, while most of Western Europe dominated the ranking. Luxembourg was also named the safest city in the world.
The latest UCLA Anderson Forecast of California’s economic and housing market reports that housing will continue to cool into the year 2020 despite current job growth and strong economy. The economists attribute the weakening to falling home prices in major markets and decreased demand.
At the time of this writing, the longest government shutdown in U.S. history ended after 35 days, lasting from Dec. 22, 2018 to Jan. 25, 2019. While the shutdown has ended, there’s always the potential for another as political unrest remains.
Regardless of what the future holds, many government agencies have been affected, causing federal employees to either be furloughed or work without pay. In addition, national parks were forced to close, and affordable housing funding has come to a halt, among other effects that will continue to be felt during the course of the year.
According to the 2017 Distressed Communities Index by the Economic Innovation Group, one in six Americans, approximately 17 percent of the population, live in economically-distressed communities, and the average state has 15.2 percent of its population living in these struggling areas.
The new Opportunity Zone (OZ) tax incentive was created as part of the 2017 Tax Cuts and Jobs Act to encourage investment in low- to moderate-income communities across the country through tax benefits, such as deferring tax on capital gains by making an investment in any of the designated zones. So far, 8,761 communities covering all 50 states, including the five U.S. territories, have been designated as opportunity zones, and they will keep this status for 10 years.
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