The Department of Justice (DOJ) has approved a settlement from OceanFirst Bank in relation to a redlining investigation against them. The Conciliation Agreement was announced Wednesday, Sept. 18 by the Department of Housing and Urban Development (HUD). OceanFirst Bank—located in Toms River, New Jersey—was alleged to have engaged in redlining by restricting access to credit…
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Property highlights: Location: Austin, Texas Listing Price: $8.9 million Features: 5,100-square-foot waterfront retreat with four bedrooms and five bathrooms. Added Appeal: Solarium pool, ensuite bathrooms, grand room with pitched ceilings and floor-to-ceiling windows complete with lake views. Nestled on the serene shores of Lake Travis, The Bond House is an architectural marvel designed by the legendary…
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As real estate professionals continue to navigate today’s legal landscape and face the impactful changes resulting from the National Association of REALTORS®’ (NAR) $418 million settlement, mapping out a business plan for the year ahead is more important than ever. Embrace the new As policy changes that took effect last month under NAR’s Settlement Agreement…
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More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday. The 30-year fixed-rate mortgage (FRM) averaged 6.09% this week, down from 6.20% last week, according to the latest Primary Mortgage Market…
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New York’s OneKey® MLS reported significant trends in August 2024 reflecting a resilient housing market with higher-value transactions. The multiple listing service, which services Montauk to Manhattan and through the Hudson Valley to the Catskill Mountains, reported in August, the regional single-family closed median sale price was $725,000, marking an 8.4% year-over-year increase from $669,000…
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