Fair Housing and Equal Opportunity In Sales and Rentals

In the sight of the law all people are protected in housing issues.

What Is the Fair Housing Act? 

The Fair Housing Act is a federal law enacted in 1968 that prohibits discrimination in the purchase, sale, rental, or financing of housing—private or public—based on race, skin color, sex, nationality, or religion. The statute has been amended several times, including in 1988 to add disability and family status.1 State and local laws may expand on these protections in some jurisdictions, but may not detract from or reduce them. #fairhousing

What Makes for Housing Discrimination? 

Here are some examples of what may be considered illegal discrimination under the law:

  • A landlord says that an apartment is available when a prospective tenant calls to inquire over the phone, but upon seeing that the person who inquired is African American, says that the apartment has just been rented. Upon hearing an inquiry from a member of another race, the landlord says it is available again.
  • A real estate agent refuses to show a house for sale in a specific neighborhood because of the race, religion, or ethnicity of the buyer—or conversely, steers a buyer to a different neighborhood when they asked to see a property elsewhere at the same price range.
  • A mortgage lender charges an applicant a higher interest rate for a loan to buy a home in a predominately Latinx neighborhood than in a predominately white neighborhood or steers a borrower to a loan with less favorable terms because of their sex, race, or nationality.
  • A modern multifamily condominium fails to comply with accessibility requirements for buildings erected after 1991, such that a prospective wheelchair-bound buyer can’t access a unit or parking there.
  • A rental agent refuses to rent an apartment to any single woman with children
Finding your right home is hard enough, Your rights are protected.

KEY TAKEAWAYS

  • The Fair Housing Act outlaws discrimination against home renters and buyers by landlords, sellers, and lenders on account of their race, color, religion, sexual orientation, nationality, disability, or family status.
  • The Act is enforced at the federal level by the Dept. of Housing and Urban Development (HUD).
  • State laws can enhance the protections under the Fair Housing Act, but cannot reduce them.
  • Housing discrimination persists nonetheless and can be difficult to prove. Winning a legal case requires proper documentation and patience. #entarlovesyou

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Fair housing rules cover all kinds of housing situations. Everyone is protected under the rules

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Downtown Los Angeles Real Estate Market Report May 2021

The rich get richer while the poor get poorer in Downtown Los Angeles

REAL ESTATE NEWS | Blog Video

Downtown Los Angeles loft condo prices dropped in May, compared to the same month last year. Many more sellers attempted to unload their properties last month, but homes are taking an average of 12 days longer to sell. L.A. urban home buyers can enjoy better deals as most condos dropped in price by $35,000 or more. While most home prices fell, some of the most attractive properties actually went up in price as the well-to-do paid extra for large units that have lots of natural light, views and private outdoor space. This bifurcation between Median Price and Average Price occurs as the rich get richer and the poor get poorer. These numbers provided by real estate professionals MLS Multiple Listing Service for Downtown Los Angeles and nearby loft neighborhoods 23, 42 and 1375.

Number of Listings May 2020: 195 | May 2021: 244

Average Days on Market May 2020: 63 | May 2021: 75

Median Price May 2020: $585,000 | May 2021: $550,000

Average Price May 2020: $676,850 | May 2021: $716,132

Find out how much your loft is worth. Get a free list of recently sold condos in Los Angeles, along with a list of currently active homes for sale in the area. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
Median loft condo prices still falling in Downtown Los Angeles

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.