New York public housing staff in hot water after hosting orgies

The New York City Housing Authority has reassigned all 40 members of the Throggs Neck Houses, a public housing development in the Bronx, and suspended two for hosting orgies on the job.
Source: HousingWire Magazine

Trump administration wants to make it easier to save for retirement

Americans have not saved enough for retirement, and it’s a problem that some are calling a looming crisis as the population continues to age. President Donald Trump addressed the issue today, signing an executive order that would expand access to retirement savings plans for American workers.
Source: HousingWire Magazine

Vengeful real estate broker won't be going to jail for extortion

Kevin Tomlinson wanted $800,000, but the South Beach Realtor received 15 years of probation instead, according to an article from the Miami Herald. Tomlinson was found guilty for attempting to extort a secret belonging to rival Realtors.
Source: HousingWire Magazine

NAR announces winners of Hackathon and Pitch Contest

The National Association of Realtors and its investment arm, Second Century Ventures, announced the winners of its pitch contest and hackathon. BoxBrownie, an on-demand photo editing service for real estate, won the pitch competition, and KW Labs, the Keller Williams in-house software development arm, won the hackathon at NAR’s first-ever Investment, Opportunity & Innovation Summit in San Francisco.
Source: HousingWire Magazine

Opendoor goes nationwide

Opendoor, an online marketplace that buys homes directly from homeowners, is about to go nationwide. The company told HousingWire this week that it plans to expand into California, the Pacific Northwest, and several other areas over the next few months.
Source: HousingWire Magazine

In real estate, man’s best friend is often calling the shots

Realtor.com surveyed 1,000 recent homebuyers to reveal that 80% were pet owners. Among those with pets, 90% said their animals’ needs were essential to their decision of purchasing a home, and most of them would pass up their dream home if it didn’t work for Fido.
Source: HousingWire Magazine

Fairway Independent Mortgage integrates Cloudvirga platform

Lender Fairway Independent Mortgage announced this week it has implemented Cloudvirga’s digital mortgage platform for consumers and its loan officers.
Source: HousingWire Magazine

Realtor.com: Home prices are rising 3 times faster than rents

According to Realtor.com, home prices are rising at three times the rate of rent growth. A new analysis by the real estate company’s research division shows that the monthly costs of buying a home have risen by 14% over the past year while rents have only increased by 4%. That’s likely to keep people renting.
Source: HousingWire Magazine

NRP Group breaks into Atlanta market

The NRP Group, a multifamily company, is breaking into the Atlanta market. NRP just hired Johnson Bazzel as vice president of development for its newly minted Atlanta division, and the company says this is part of its larger efforts toward increasing its footprint in the Southeast.
Source: HousingWire Magazine

Jimmy Carter: Trump administration ignoring affordable housing crisis

Former President Jimmy Carter says this country is in the midst of an affordable housing crisis, and something needs to be done about it. In an interview with CNBC this week, Carter said the Trump administration is ignoring the situation and urged voters to take a stand. “Low-income housing needs to be raised much higher as a priority for our country,” Carter said.
Source: HousingWire Magazine