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...
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 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 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...
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....
The chief economist with the National Association of Realtors (NAR) has defined today’s housing market as a challenging environment burdened by circumstances beyond its control. Speaking at NAR’s 2025 Realtors Legislative Meetings in Washington, DC, Lawrence Yun...
Hits and Misses for the Real Estate Week of May 4-8
