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Slow Start to the Spring Homebuying Season

Slow Start to the Spring Homebuying Season

by Leora Ruzin | Mar 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

This week’s news that the Fed is modestly hiking interest rates and may pause them sooner than anticipated brought mortgage rates down for the second week in a row, according to a new report from Redfin, the technology-based real estate brokerage.   Overall, the...
Rate of Single Women Buying Homes Declined in 2022

Rate of Single Women Buying Homes Declined in 2022

by Leora Ruzin | Mar 25, 2023 | News/Current Events, U.S. Housing Market, WRE News Exclusive

Single men have been historically more likely than single women to own a home, but that gap narrowed sharply in recent years, nearly closing in 2021. However, a new Zillow analysis shows that it widened again last year, highlighting single women’s homebuying...
Global Investors seek Citizenship in Saint Lucia through Special Program

Global Investors seek Citizenship in Saint Lucia through Special Program

by Leora Ruzin | Mar 25, 2023 | International Real Estate News, WRE News Exclusive

According to a report released by CS Global Partners, Saint Lucia’s Citizenship by Investment Program is fast becoming a firm favorite for global investors looking for a destination with attractive investment options and the opportunity to gain second citizenship. ...
New “Mansion Tax” to affect Luxury Homes in Los Angeles

New “Mansion Tax” to affect Luxury Homes in Los Angeles

by Leora Ruzin | Mar 25, 2023 | Real Estate News, U.S. Housing Market, WRE News Exclusive

The City of Los Angeles will begin charging a ‘Mansion Tax’ on commercial and residential real estate transactions over $5 million effective April 1, 2023. The existing documentary transfer taxes in Los Angeles will not be repealed or altered by the mansion tax....
Commercial Real Estate Upheaval is Possible, Warns Member of New York Federal Reserve Board

Commercial Real Estate Upheaval is Possible, Warns Member of New York Federal Reserve Board

by Leora Ruzin | Mar 25, 2023 | Commercial Real Estate News, WRE News Exclusive

Scott Rechler, an executive who also serves on the board overseeing the New York Federal Reserve warned on Twitter of potentially systemic problems in the real estate finance market and called on the industry to work with authorities to avoid things getting out of...
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