Source: The Real Deal— The pandemic hit the commercial real estate market hard. Property tax bills now reveal just how hard. New York City expects property tax revenue to drop by $1.6 billion, or 5 percent, in the coming fiscal year, Bloomberg News reported....
Source: The World Property Journal — Las Vegas Realtors are reporting this week that the median price of existing single-family homes sold in Southern Nevada during May 2021 was $385,000. That tops the all-time record set in April. May’s median home price...
Source: The World Property Journal — According to national property broker Redfin, purchases of high-end homes in the U.S. jumped 26% year over year during the three months ending April 30, 2021. That’s compared to the 17.8% gain in purchases of...
Source: NAHB — An unexpected pop of color not only brings visual interest to a home but can also help achieve other design goals in strategic ways. Integrating a touch of turquoise, a spot of sienna, or a punch of pink into the color palette, for example, might...
Source: NAHB — The Department of Housing and Urban Development will formally propose a revised version of the Obama-era Affirmatively Furthering Fair Housing (AFFH) rule in the Federal Register tomorrow and seek to have the rule officially go into effect on...
Hits and Misses for the Real Estate Week of May 4-8
