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New Bill Would Eliminate Property Taxes for Maine’s Seniors

New Bill Would Eliminate Property Taxes for Maine’s Seniors

by Phil Hall | Jun 4, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The growing movement for property tax relief has taken root in Maine, with a new bill before the state legislature that would eliminate property taxes for homeowners aged 65 and older. Newsweek reports the new bill, LD 1541, would apply to seniors who have lived in...
Report: More Millionaires Are Favoring Rental Housing Over Homeownership

Report: More Millionaires Are Favoring Rental Housing Over Homeownership

by Phil Hall | Jun 4, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Contrary to popular imagination, not every millionaire owns a mansion. Indeed, new research published by RentCafe based on IPUMS data has determined that an increasing number of millionaires prefer rental housing. Between 2019 and 2023, the number of renters and...
Mortgage Application Activity Slows for Third Straight Week

Mortgage Application Activity Slows for Third Straight Week

by Phil Hall | Jun 4, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity was down for the third straight week, according to data from the from the Mortgage Bankers Association (MBA) covering the week ending May 30; the data included an adjustment for the Memorial Day holiday. The Market Composite Index, the...
Richmond American Homes to Build New Community in Jacksonville

Richmond American Homes to Build New Community in Jacksonville

by Phil Hall | Jun 4, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Richmond American Homes of Florida LP, a subsidiary of MDC Holdings Inc., has purchased and closed on 151 future homesites in Jacksonville, Florida, that will become the location of its new Laurelton master-planned community. Laurelton will feature single- and...
Toronto Home Sales Down 13.3% From One Year Ago

Toronto Home Sales Down 13.3% From One Year Ago

by Phil Hall | Jun 4, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A total of 6,244 home sales were transacted through the Toronto Regional Real Estate Board’s (TRREB) MLS System in May 2025, a 13.3% decline from one year earlier. On a seasonally adjusted basis, May home sales were up from the 5,601 transactions recorded in April....
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