National Real Estate News Briefs: Trulia launches new tool to provide local LGBTQ non-discrimination laws

by Megan Donofrio

Trulia has launched a new tool to help homebuyers who may encounter discrimination due to their gender or sexual orientation. The real estate listing company will now include a feature called Local Legal Protections, that gives insight into a neighborhood by providing the existence of LGBTQ non-discrimination laws for housing, employment and public accommodations. Next to these three sections will be a simple “yes” or “no” to indicate the legal status for LGBTQ people in the area of the listing. The new data will be available for all Trulia listings in all regions of the country.

Other real estate news from the week:

  • A Redfin Survey found that 15 percent of respondents sold their home or did not buy due to worry over immigration policies. The survey assessed 4,270 United States residents across 14 metros who bought or sold a home in the past year, attempted to do so or planned to do so soon. The survey also found that 18 percent of millennials who bought a home in the last year now live in the political minority in their new community. Also, 37 percent of people of color felt they may have been discriminated against when trying to buy a home, down from May’s reported 43 percent.
  • Guaranteed Rate hired Quicken Loans executive Craig Lombardi to lead in the expansion of its online lending platform. Lombardi will manage Guaranteed Rate’s loan origination from leads it gains from online marketing and advertising and replaces Scott Stephen who was promoted to chief growth officer.
  • Chris Heller, former Keller Williams CEO, will serve as CEO to loanDepot’s new tech platform for matching pre-approved buyers with agents, mello Home. Announced last week, Heller will bring his years of experience managing agents and brokers to the company’s growing technology team.
  • Refinances won back popularity among millennial buyers during the final quarter of 2017, according to Ellie Mae’s most recent Millennial Tracker report. For the third consecutive month, December saw the refinance share make up 15 percent of closed loans among Millennials. Not since February 2017’s annual high of 17 percent has there been this high of a percentage of refinances among Millennials.
  • Airbnb is partnering with Fannie Mae, Quicken Loans, Better Mortgage and Citizens Bank to enable Airbnb hosts to use their income in refinance mortgage apps. Now when Airbnb hosts apply for refinance, they can provide their proof of income from Airbnb and lenders will be able to consider this income when processing the application.

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