“Climate Gentrification” across the U.S.

First published in research by Jesse M. Keenan, an Urban Development and Climate Adaptation researcher at Harvard’s Graduate School of Design, the term “climate gentrification” refers to climate change’s role in reshaping real estate markets. As with urban gentrification, these climate-driven shifts could potentially displace millions of residents in cities around the country.

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Existing Home Sales Increase 5.6 Percent in November

According to the National Association of Realtors® (NAR), the sale of existing homes increased for the third straight month in November, reaching the strongest pace in over a decade. The West was the only major region to not experience a surge in buying activity last month. Total existing home sales—completed transactions of single-family homes, townhomes, condominiums and co-ops—increased 5.6 percent to a seasonally adjusted annual rate of 5.81 million in November.

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Fannie and Freddie Freeze Evictions for the Holidays

Fannie Mae and Freddie Mac have both announced holiday eviction moratoriums, meaning that the entities will enact a hold on evictions during the holiday season. For Fannie, the suspension of evictions applies to single-family and 2-4 unit properties from December 18, 2017 through January 2, 2018. At Freddie, the suspension of eviction lock-outs will span the same time period as Fannie and apply to all foreclosed, occupied homes the company owns.

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mpowering you MBA’s Summit for Women in Real Estate Finance

Nothing says inspiring like 340 women in the real estate finance industry joining together at mPowering You! On October 21st in Denver, Colorado, the Mortgage Bankers Association (MBA) presented mPowering You, an event that will go down in history for this powerful and great organization. “It has never happened at the MBA in our 104-year history,” stated Marcia Davies, COO of MBA. “It’s time to be empowered.”

The conversations and ideas generated within this space fostered networking and powerful narratives, and assisted in the creation of decisive branding and career advancements. Featuring sessions like Know and Grow Your Value and Gender and Generations: Driving New Forms of Leadership, the summit strengthened and showcased the value and power of women.

Attendees heard from successful women in the industry, including Mika Brzezinski, New York Times Best-Selling Author and Co-Host of MSNBC’s Morning Joe, and Ruth Sherman, Executive Speech Coach & Celebrity Media Trainer, who shared the importance of women knowing their value, mastering their message, owning each moment and unleashing their potential.
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Women’s Advancement in Real Estate: An Interview with Sara Sutachan

What was the inspiration behind WomanUP!? What motivated you to become involved in the women’s movement?

I’ve actually always been a feminist. My mom is a single mom—my dad has always been around—but my mom was a really strong independent woman and she’s my role model. I came to work for the California Association of Realtors® (CAR) and had another amazing role model in Leslie Appleton-Young. I’ve always been attracted to follow strong women, and read books and articles about the women’s movement and the gender gap.

In my role at CAR, I oversee the industry and broker relations, and part of that is interacting and building relationships with the brokerage community and meeting with them on a regular basis. As I met with CEOs and some of the largest brokerage firms in California, I always wanted a balanced room. What I found was that I was hard-pressed to find that balance because the people who led the larger brokerage firms tended to be male.

I’d been noticing this, and even if it wasn’t a large firm, I would make sure women sat at the table. I thought to myself, “This is crazy. We should do something about this.” I couldn’t really drive it home until I got a call from Gretchen Pearson; she was going to speak at a women’s event and said, “I want to know data. Do you have any data on women leaders?” We really didn’t at that point. I had my own personal experience with not finding those women on the rosters, so then we dug into the data. I had my staff look at the largest brokerage firms in California and Google which leaderswere men and which were women. We found that 36 percent of firms were either run by women or had women at the C-level or in management at the top California brokerage firms with over 100 agents. We analyzed a list of approximately 200 of these firms.
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New Tax Plan: Effects on Affordable Housing and Small Businesses

The number of affordable housing units could be reduced by nearly 1 million under the proposed GOP tax bill, according to Novogradac & Company, a San Francisco-based national accounting firm. For Americans who utilize and depend on subsidized housing, being subjected to rising rents that currently exhibit a 2.7 percent year-over-year increase is all but impossible.

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Wealth Gap Gets Bigger for the Middle Class

The income inequality between white households and black and Hispanic households has been a historical issue in the U.S. that widened following the 2008 financial crisis. Recent Pew Research Center analysis of Federal Reserve Board data highlights this wealth gap, delving into its racial and ethnic characteristics for families at different income levels.

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