A pair of new data reports published today are highlighting a growing imbalance across the housing market. A report from the Rocket Companies (NYSE: RKT) division Redfin discovered a considerable slowing the pace of home sales – during July, the typical home that went...
At a time when most states and municipalities are moving to lower property taxes, a city in southern Utah is going in the opposite direction with a substantial property tax hike. The Salt Lake Tribune reports the City Council in Ivins, Utah, voted 4-1 to raise...
Mortgage applications for new home purchases in July were up by 7% from the previous month and were also up 6.8% year-over-year, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were at a seasonally...
The Cleveland Browns’ effort to build a new domed stadium hit a major roadblock as the Ohio Department of Transportation (ODOT) rejected the team’s application, stating the proposed $3.6 billion facility would be an “obstruction” to the neighboring Cleveland Hopkins...
The Turkish government has launched a crackdown on fraudulent real estate advertising, with an initial haul of $3.36 million in fines against 1,158 real estate businesses. Turkiye Today reports the government has begun using an electronic listing verification system...
The Treasury Secretary makes and rescinds demands, Playboy moves its headquarters out of Los Angeles, and New York City’s worst hotel closes. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 11-15. Miss: Foot in Mouth...
