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Red Lining | From Urb to Burb and Beyond Blog

Tuesday, November 10, 2020   /   by Vanessa Saunders

The election's over! Here's what’s coming for real estate.

Photo by Bruno Bucar on Unsplash
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
After months of campaigning, weeks of voting and untold hours of the media digesting and regurgitating the story of the moment, we have survived another presidential election. Given the challenges we faced during the campaign - a deadly pandemic, an economy suffering the worst recession since the depression and numerous hot-button racial and immigration issues - we still have a real estate market that's white hot, and record-low mortgage rates that have pushed prices to new heights. So what issues can New York real estate expect for the next four years? Here’s the short list according to a report from Inman News.
Affordable housing
The Biden campaign’s housing proposal pinpointed the dearth of housing supply as the driving force behind the affordability crisis.
Biden has pledged to invest $640 billion in housing over the next 10 years. Among other thinh ...

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  hudson valley real estate, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, pandemic, lower property taxes, capital gains taxes, racial discrimination, racial steering, red lining

Friday, June 26, 2020   /   by Vanessa Saunders

Racism in real estate: When words matter.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
Inman News reported that the Houston Association of Realtors MLS has removed the terms “master bedroom” and “master bathroom” from its MLS listing descriptions as part of a renewed national focus on racism and discrimination. First reported by a handful of Texas publications on Tuesday, HAR now uses the terms “primary bedroom” and “primary bathroom,” effective June 15.
We heartily applaud HAR's actions regarding these terms and the implications they bear. We are following HAR's lead, and voluntarily changing all uses of "master" bedrooms and baths in our listing's literature as quickly as possible.
But there are some other common real estate terms I would like to see eliminated from our nomenclature.
Red Lining
I would love to eliminate Red Lining, both the practice and thus the need for the term.
Created in the post-depression 1930s by Federal hou" ...

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  hudson valley real estate, hudson valley home, buying a home, 'urb to 'burb, hudson valley home sellers, housing sales, selling your home, the future of real estate, fair housing act of 1968, racial discrimination, racial steering, red lining

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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