Red States/Blue States: Housing Data Reveals Key Differences

A record number of Americans have voted early in November’s presidential election.

Due to the heightened interest, researchers at Realtor.com are doing their part to help anticipate results.

They pose the following questions, “Where do the deeply etched red-state/blue-state splits really come from? And how much can the huge housing differences across the nation tell us about how we got here—and where we’re going?”

They turned to the data to find out.

“We analyzed eight major housing indicators, to see how greatly they diverged between red, blue, and swing states,” Realtor.com reported. “We analyzed internal data to come up with metrics for home and rental price, price appreciation, home size, and inventory. We took the age of homes and the homeownership rate from U.S. Census Bureau data. The second-home information came from Optimal Blue, a real estate data firm specializing in lending information.”

From blue-state residents paying more rent, to

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Lawsuit Challenges HUD’s Rollback Of Key Fair Housing Rule

A coalition of fair housing advocates has filed a federal lawsuit against the U.S. Department of Housing and Urban Development over the recent reversal of long-standing fair housing protections. 

The suit challenges HUD’s new disparate impact rule, which would make it more difficult for victims of discrimination to fight against systemic racism and discriminatory policies by housing providers, financial institutions and insurance companies that deprive people of the opportunities and services they need. 

The Trump administration rewrote the 2013 disparate impact rule adopted by the Obama administration, which included the standard approach to claims using this civil rights enforcement tool. 

Fair housing advocates say the rule has been in place for almost 50 years to tackle structural barriers that unfairly lock people out of the housing and lending opportunities they deserve.

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ZK International Group Co., Ltd. Approved as a Key Supplier to China’s Top 5 Commercial Real Estate Enterprise

WENZHOU, China, Oct. 22, 2020 /PRNewswire/ — ZK International Group Co., Ltd. (ZKIN) (“ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that the Company has been approved as a Qualified Supplier for the Suning Real Estate Co., Ltd (“Suning Real Estate”), which in 2019, Suning Real Estate ranked among the TOP 5 of China’s Top 100 Commercial Real Estate Enterprises, the TOP 20 of China’s Most Valuable Real Estate Brands and the TOP 50 of China’s Top 100 Chinese Real Estate Enterprises.

On October 19, 2020, the Company was approved as a Qualified Supplier for Suning Real Estate, which now gives the Company the ability to increase its order flow by being able to supply stainless steel piping products to all of Suning’s projects across China. The subsidiaries

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Without Rent Relief, Landlord-Tenant Communication Is Key

Real estate investor, Founder/CEO of TurboTenant: free landlord software – rental marketing, tenant screening and rental applications. 

On September 4, an eviction moratorium put in place by the Centers for Disease Control (CDC) took effect, with the goal of protecting public health. However, an eviction moratorium in any form does not address mounting renter debt or landlord expenses, and in isolation, it can place undue pressure on the landlord and tenant relationship, which is historically seen as contentious. What is needed, and what has been proposed by many advocates for renters and landlords, is a comprehensive plan that includes rent relief with eviction and foreclosure moratoriums.

An eviction ban without rent relief puts the responsibility of covering missed rent payments solely on the landlord or property manager. There is no doubt renters have been disproportionately impacted by unemployment and financial hardship, and an eviction ban does nothing to address

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Leonard Boord sells Key Biscayne Condo For $6M

Leonard Boord & Phillip M. Jaffe & Ocean Tower Two in Key Biscayne (Credit: Google Maps)

Leonard Boord & Phillip M. Jaffe & Ocean Tower Two in Key Biscayne (Credit: Google Maps)

The co-founder and chairman of the cryptocurrency asset company Intotheblock sold his condo at Ocean Tower Two in Key Biscayne for $5.8 million.

Records show Leonard Boord sold the 5,207-square-foot oceanfront condo at 791 Crandon Boulevard to ASAP 908 LLC, a Minnesota limited liability company managed by Phillip M. Jaffe, principal and CEO of Provident Real Estate Ventures.

Jaffe co-founded the Plymouth, Minnesota-based firm in 2013. It acquires and operates commercial real estate, according to its website.

The Key Biscayne condo hit the market in February at $6 million. Carlos Coto of One Sotheby’s International Realty had the listing. Douglas Kinsley with Fortune International Realty Key Biscayne represented Jaffe.

Boord bought unit 908 at Ocean Tower Two for $5.6 million in 2014, records show.

The four-bedroom, five-and-a-half bath unit has a library, staff quarters

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International investor takes Farmers Branch apartments and other key D-FW real estate deals of the week

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International investor Excelsa Properties has made its first purchase in the Dallas-area. The Lebanon-based investor purchased Aspen at Mercer Crossing, a 260-unit multifamily community located at 1851 Knightsbridge Road, in Farmers Branch. This North Texas acquisition is the sixth multifamily property acquisition for the firm’s Excelsa US Real Estate I fund which is buying $500 million in U.S. property. Aspen at Mercer Crossing was completed in 2019.

Equus Capital Partners Ltd has acquired McKinney Village, a 245-unit apartment community at 201 McKinney Village Pkwy McKinney. The acquisition was made on behalf of Equus Investment Partnership XI fund. Brian O’Boyle Jr., Steve Comly and Eric DeStefano of Newmark Knight Frank brokered the sale.

EBO Marketing Inc., developer of Sandy Lake Office Park, has sold the property to local accounting firm JV Empire LLC. The office buildings have 9,224 square feet and are at 1507 and 1529 E. Sandy

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Worldwide Commercial Real Estate Industry to 2024 – Key External Drivers

Press release content from Business Wire. The AP news staff was not involved in its creation.

DUBLIN–(BUSINESS WIRE)–Oct 12, 2020–

The “Global Commercial Real Estate – Industry Market Research Report” has been added to ResearchAndMarkets.com’s offering.

The Global Commercial Real Estate (CRE) industry has grown tepidly over the five years to 2019. Early during the period, revenue thrived as global investor confidence and aggregate investment flourished.

However, in 2015, investor confidence took a hit, which continued into 2016 largely due to global political uncertainty and low oil prices. The growth of a country’s economy tends to boost CRE revenue since business expansions and higher consumer spending often creates demand for industry services, such as office leasing, sales and brokerage services.

The strong expansion of Asian economies through investments and increasing consumer spending has aided revenue growth over the past five years. Over the five years to

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