It’s hard to tell what will come of this sale and how it’ll affect Zillow’s home flipping plans in the future. In some ways, those numbers are both terrifying and reassuring - a fifth of the housing market is a massive and influential chunk, but it also means that it likely wasn’t a private equity firm (or Zillow) that outbid you on your dream home. However, it doesn’t seem like the housing market’s wild ride is entirely due to investment bankers.Ī report from Vox cites research that investors only made up about 20 percent of the home-buying market in 2020, and Zillow says that it and its competitors made up around 1 percent of the housing market in Q2 2021. To would-be homebuyers who have been turned down due to a seemingly endless supply of cash buyers, it may feel like a slap in the face. Unfortunately, it doesn’t seem like individual house hunters will be able to benefit from Zillow’s troubles - Bloomberg reports that the company is trying to sell the homes to “institutional investors” (read: Wall Street-like firms) to the tune of $2.8 billion. Now, according to Bloomberg, Zillow is looking to offload around 7,000 of the homes it bought.
That group and some others are also critical of the Republican congressional map because none of its proposed districts are likely to be competitive among the two major parties.The housing market has been on a wild ride, and it’s probably not Zillow’s fault The Atlanta and Savannah areas boomed, while rural areas mostly lost population.įair Districts Georgia, a nonpartisan group, has argued that an 8-6 split would most fairly represent Georgia’s current political landscape, in which many Democrats are tightly clustered in urban areas. Georgia’s population rose nearly 10%, to 10.7 million people over the past decade, but results from the 2020 census show the growth has been uneven. Erica Thomas, an Austell Democrat, said her constituents ended up “so clearly where they do not belong.” On Monday, they again objected to a predominantly Black part of southwestern Cobb County being drawn into the heavily Republican 14th Congressional District, now held by Republican U.S. “It does not mean that a majority white district like the 6th that elects a minority candidate all of the sudden gets a lifelong protection under the Voting Rights Act for that incumbent," Rich said.ĭemocratic lawyer Marc Elias tweeted Saturday that if the congressional plan is enacted, “Georgia will be sued.” Any lawsuit would be arduous, though, with plaintiffs forced to prove that the districts violate the federal Voting Rights Act by blocking minority voters from electing their chosen candidate.ĭemocrats have proposed a 7-7 congressional map. House Legislative & Congressional Reapportionment Committee Chair Bonnie Rich denied that McBath's 6th District is protected by federal law. “Black women are often expected to stand down and step aside, and those are two things I simply refuse to do.” “Simply put, I will not let Brian Kemp, the NRA, and the Republican party decide when my work in Congress on behalf of my son is done," McBath said in a statement. It will become much more Democratic under the new plan, covering parts of Gwinnett and northern Fulton counties.
Bourdeaux won that seat for the Democrats in 2020. McBath announced moments after the House passed the plan that she would run in the 7th District. She rose to prominence as a gun-control activist after her son was shot to death. McBath is a Democrat who won the 6th District in 2018 after decades of Republican control, including by former House Speaker Newt Gingrich. You want more seats in Congress and with this map, you’ll have them.”
"For this map amounts to race-based sorting, pure and simple, all for political power. “This map makes your intent obvious: to legislatively draw and quarter Congresswoman Lucy McBath and scatter to the four winds all the Black and brown voters that put her in office," said Rep.