A Democratic member of the Pittsburgh City Council has proposed a 30% property tax hike to cover the city’s “budgetary gaps.” WESA reports City Councilor Barbara Warwick (D-District 5) acknowledged her proposal would not be popular with homeowners, but stressed the...
Texas Lt. Gov. Dan Patrick has put forth a property tax proposal that is completely at odds with the proposal advocated by Gov. Greg Abbott. Texas Tribune reports Patrick has proposed the “Double Nickel” concept that lowers property taxes by raising the...
The mayor of Connecticut’s capital city is offering to sell city-owned land to affordable housing developers for $1.00. Fox61.com reports Hartford Mayor Arunan Arulampalam says the city has teamed with the state government on a new $4 million fund to help builders who...
President Trump has launched a new line of attack against the Federal Reserve by questioning the legitimacy of President Biden’s appointments to the central bank’s leadership. CNBC reports Trump insinuated that Biden’s Fed appointees were void because they were signed...
The Federal Trade Commission (FTC) sent warning letters to 13 property management software providers that said their products may be running afoul of the law if they hinder the flow of accurate pricing information in rental listings. “Available information suggests...
A total of 35,651 residential properties had foreclosure filings during November, according to data from ATTOM. This level of activity is down by 3% from October but is also up by 21% from November 2024. Nationwide, one in every 3,992 housing units had a foreclosure...
Hits and Misses for the Real Estate Week of June 22-26
