article thumbnail

Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 406
article thumbnail

NAR settles commission lawsuits for $418 million

Housing Wire

For over a century, NAR has protected and advanced the right to real property ownership in this country, and we remain focused on delivering on that core mission.” It provides a path forward for our industry, which makes up nearly one fifth of the American economy, and NAR.

Legal 540
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

After industry criticism, FHFA revises changes to Suspended Counterparty Program

Housing Wire

These include misconduct in the context of civil enforcement, and criminal or civil misconduct in connection with the management or ownership of real property. In July 2023 , the FHFA added more forms of counterparty misconduct to keep regulated entities from doing business with organizations found to have committed fraud.

article thumbnail

First American: Title Insurance Industry Mitigates More Than $600 Billion in Risk Per Year

Appraisal Buzz

The data-driven analysis finds that the role of title professionals in maintaining reliable and accurate property ownership records dramatically reduces estimated risk exposure in real estate transactions. The curative work conducted by the U.S.

Insurance 370
article thumbnail

Ban Multiple Regression?

George Dell

We ask: Are these conditions true in most real property valuations? Multiple regression works very well under some conditions. This is actually a vast topic, so we can only reflect on some of the conditions or assumptions which are required for a multiple regression to be valid.

Valuation 370
article thumbnail

Real Estate vs Real Property: What’s the Difference?

BiggerPockets

The concepts of real estate vs real property represent different aspects of property ownership. Real estate is defined as a physical property and any attachments or improvements made to it. Real property comes with a bundle of common law rights that extend beyond the physical existence of the property.

article thumbnail

Latest Duty to Serve plans are an improvement, affordable housing coalition says

Housing Wire

Freddie Mac, however, agreed to a pilot program to purchase between 1,500 and 2,500 manufactured homes not titled as real property, better known as chattel loans, which make up 42% of the manufactured housing market. Those targets fall short of prior years.