The condo market has become so bad – pause for a “Match Game”-style response of “How bad is it?” – that nearly seven in 10 (68%) condos sold below list price in the first quarter, the lowest share in five years. Furthermore, new data from Redfin (NASDAQ: RDFN) found...
Mortgage application activity fell for the second consecutive week as home prices were on the rise. The Market Composite Index, the Mortgage Bankers Association’s (MBA) measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis for the...
The Common Council in Buffalo, New York, voted 6-2 to pass an amended $622 million city budget that includes Acting Mayor Christopher Scanlon’s proposed 8% property tax increase. WGRZ reports the budget increases municipal spending by 1%. The budget also...
President Donald Trump announced that he planned to take Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) public, which would end the federal conservatorship of the government-sponsored enterprises that have been in place since September 2008. In a post on his...
The Greek government is proposing a new measure that would address the nation’s housing crisis by taxing property owners who refuse to put their vacant homes up for rent or sale. Tovima.com reports the measure would apply a new tax on property owners who refuse to...
Hundreds of victims of the Los Angeles County wildfires may not be receiving refund checks or tax relief because their mailing addresses no longer exist. KTLA reports the Los Angeles County Assessor’s Office is trying to get in touch with residents whose properties...
Hits and Misses for the Real Estate Week of April 27-May 1
