The CRE Finance Council (CREFC) announced that President and CEO Lisa Pendergast is planning to retire on or about Aug. 3 after a decade of trade association leadership. Prior to her CREFC role, she held senior positions at Jefferies, Royal Bank of Scotland, and...
Buffalo Mayor Sean Ryan is warning city residents that they could soon face a 25% property tax hike. WIVB reports the upstate New York city faces an estimated $109 million deficit, with significant gaps in resources. “We’re down about 50% of the garbage trucks we...
Chicago is now home to the nation’s highest hotel tax after the City Council unanimously voted on Wednesday to create a Tourism Improvement District and raise the tax on hotel rooms within that district to 19%. According to the Chicago Sun-Times, the current combined...
Fewer homes were sold in Maine during February while home prices continued to rise. According to data from the Maine Association of Realtors, 691 homes were sold statewide last month, an 8.84% decrease. Amid the decline in sales activity, home prices surged by 3.47%...
Mortgage rates surged in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of March 19, up from last week when it averaged 6.11%. A year ago at this time, it averaged 6.67%. The 15-year...
A total number of 2,938 listings in Kentucky were sold during February, up 8.85% from the prior month and up 3.7% year-over-year. According to data from Kentucky Realtors, there were 4,474 new listings last month, down 11.08% from January and down 1.7% from February...
Hits and Misses for the Real Estate Week of March 16-20
