The Bank of Canada has announced a new slate of rate cuts. The nation’s central bank reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. With this announcement, the Bank of Canada noted the...
Nebraska Gov. Jim Pillen has signed an Executive Order designed to offer $20 million in property tax relief to the state’s households. Pillen cited an increase in casino gambling revenue and unused money remaining in the Property Tax Credit Cash Fund and the School...
Celebrity real estate executive Ryan Serhant has hired a new agent for his eponymous brokerage – and he didn’t need to use Indeed or LinkedIn to find this employee. Realtor.com reports Emilia Bechrakis Serhant, the boss’ wife, is the brokerage’s new agent, based at...
Single-family housing starts in August were at a rate of 890,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This marked a 7% drop from the revised July figure of 957,000. Privately-owned housing starts in August...
The leadership of the Congressional Real Estate Caucus have introduced a new bill that seeks to address the nation’s housing affordability challenges. The bipartisan Saving the American Dream Act will create an interagency task force to confront issues including...
Housing starts mostly were down 16% in Canada during August, with a total of 245,791 units compared to July’s total of 293,537 units. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 10% year-over-year in centers...
Hits and Misses for the Real Estate Week of June 29-July 3
