Today’s News Synopsis:

Some NYC brokerages have stopped sending listings to StreetEasy and Zillow group websites.  Will more follow?  More and more households are seeing multiple generations living together in the same house.  $38 million from HUD will be contributed towards combating discrimination in the housing market.

In The News:

Realtor.com – “All in the Family: Multigenerational Living Makes a Comeback” (8-2-2017)

“It was the cycle that defined American life for decades. People got married, bought a house, and started a family. The kids grew up, left the nest, and didn’t come back.”

CNBC – “Housing demand strengthens through summer, but here’s why some buyers are giving up” (8-2-2017)

“There is still plenty of demand for housing. Potential buyers, both young and old are trolling listings online and packing in to crowded open houses.”

HousingWire – “HUD dedicates $38 million to fight housing discrimination” (8-2-2017)

“The U.S. Department of Housing and Urban Development announced Wednesday it is making funds available to fight housing discrimination.”

CNBC – “Corporations are leaving suburbs: Can anything reverse the trend?” (8-2-2017)

“Corporations’ flight from the suburbs to cities can play out like a bad breakup: One party has moved on and found someone new, while the other puts on a brave face and pretends it doesn’t matter.”

Inman – “Some big brokerages body slam Zillow in NYC” (8-2-2017)

“Some big New York City brokerages have made good on their threat to stop sending listings to StreetEasy and Zillow Group websites if Zillow Group did not agree to certain licensing terms”

National Association of Realtors – “Realtors Report Finds 11 Percent Increase in Commercial Member Income,
19 Percent Increase in Sales Transaction Volume” (8-2-2017)

“Commercial real estate markets continue to improve, with Realtors specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors 2017 Commercial Member Profile.”

Realtor.com – “Buyer Blocks: 4 Factors Keeping Millennials From Owning a Home” (8-2-2017)

“Since the market crash, many prospective first-time home buyers have been fighting an uphill battle on their path to homeownership.”

Freddie Mac – “Freddie Mac Reports Second Quarter 2017 Financial Results” (8-2-2017)

“Freddie Mac (OTCQB: FMCC) today reported its second quarter results and filed its Form 10-Q with the U.S. Securities and Exchange Commission (SEC)”