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: Apartment Therapy — Summer has always been a busy time for the real estate market, but thanks to an unusually low level of inventory and an overwhelmingly high demand for homes, it’s basically been summer since last March. This is bad news for buyers...
Source: Housing Wire — Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre, President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry. As a candidate, Biden’s...
Source: Scotsman Guide — The FBI defines ransomware as a type of malicious software that prevents an authorized user from accessing their computer files, systems or networks, and demands that you pay a ransom for their return. Ransomware attacks can create...
Minneapolis Mayor Frey Proposes 11.3% Property Tax Hike
