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  • President Trump signs Dodd-Frank rollback into law

    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Real Estate

Here are the top 10 most expensive rental markets in the U.S.

California is far and away the most expensive state to rent in
Three of the top five most expensive rental markets in the nation are in California. San Francisco holds the top spot as the nation’s priciest multifamily market exhibiting rent growth of 1.2% in its one-bedroom price to $3,440. San Jose came in third at 2,500 for a one-bedroom, and Los Angeles tied with Boston for fourth place at $2,300 for a one-bedroom.
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This market is about to see a housing downturn

Which city and surrounding MSA rank fifth lowest in VEROForecast?
With a projected -0.6% drop in home prices over the next year, Peoria and its surrounding MSA ranked the fifth lowest on Veros Real Estate Solutions VEROForecast for this year. Veros' Eric Fox explains that a recent move by manufacturer Caterpillar to relocate its headquarters from Peoria to Chicago may be the cause.
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Prevu

NYC tech startup saves homebuyers money with commission rebate platform

Prevu's Smart Buyer Rebate creates a seamless buying experience
Prevu, a NYC-based real estate technology platform on a mission to save homebuyers money, has created an online buying experience that guides borrowers through their home-buying journey, plus offers up to 2% of their purchase price cash back with its Smart Buyer commission rebate. That’s up to $30,000 cash back for someone buying a $1.5 million apartment.
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Walker & Dunlop expands South Florida capital markets team

Shannon Rex named senior vice president of capital markets
Walker & Dunlop recently announced the addition of Shannon Rex as senior vice president on its capital markets team. Rex is based out of the company’s Plantation, Florida office and will oversee securing financing for owners and developers of all commercial real estate asset classes. Rex brings more than 25 years of experience in the commercial real estate industry to his new role.
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HUD reaches sexual harassment settlements in three states

Landlords, housing authority in Florida, Virginia, and California fined
The Department of Housing and Urban Development announced Monday that it reached sexual harassment settlements with housing industry participants in three different states. The settlements come on the heels of HUD announcing an initiative to combat sexual harassment in housing.
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LRES announces industry veteran as new company president

Prepares to enter next phase of growth
LRES, a residential and commercial real estate services company, announced Monday that Mark Johnson, who joined the company last year, has been named company president. The company explained Johnson’s passion to improve the valuation industry will allow it to enter into the next phase of its growth.
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Improving economy can’t push home sales higher

Pending home sales see third consecutive annual decline
Pending home sales decreased annually in March, and are showing no signs of improvement as housing inventory fails to keep up with homebuyer demand. NAR explained healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory.
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NFHA: Greatest threat to fair housing is government’s failure to enforce the law

Here are 2017's top fair housing complaints
As the number of fair housing complaints increased in 2017, fair housing groups are saying it is time for it to end. One expert said: we must put an end to the many institutionalized barriers that prevent too many families in this country from fair access to housing. The problem? According to a new report, the greatest threat is the government’s failure to enforce the law.
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Matic appoints Shaz Kojouri VP of legal and compliance

Kojouri has responsibility over corporate governance, regulatory compliance, vendor management
Digital insurance agency and 2018 HousingWire Tech100 winner Matic announced recently it has named Shahrzad “Shaz” Kojouri as vice president of legal and compliance. A licensed attorney with more than 15 years of experience in corporate compliance, Kojouri will have responsibility over corporate governance, regulatory compliance and vendor management at Matic.
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