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Buffalo Council Approves 8% Property Tax Hike

Buffalo Council Approves 8% Property Tax Hike

by Phil Hall | May 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
Trump Says He Will Take Fannie Mae and Freddie Mac Public

Trump Says He Will Take Fannie Mae and Freddie Mac Public

by Phil Hall | May 28, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
Greece Considers Penalty Tax on Property Owners of Vacant Homes

Greece Considers Penalty Tax on Property Owners of Vacant Homes

by Phil Hall | May 28, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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 LA Wildfire Victims Not Receiving Aid Due to Loss of Mailing Addresses

Hundreds of LA Wildfire Victims Not Receiving Aid Due to Loss of Mailing Addresses

by Phil Hall | May 28, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

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...
Strawberry Fields REIT Acquires 9 Missouri Healthcare Facilities for $59 Million

Strawberry Fields REIT Acquires 9 Missouri Healthcare Facilities for $59 Million

by Phil Hall | May 28, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Strawberry Fields REIT Inc. (NYSE American: STRW) is paying $59 million to an unaffiliated seller for the purchase of nine healthcare facilities in Missouri. The nine facilities are comprised of 686 licensed beds. The company plans to lease eight of the facilities to...
Luxury Home Prices Rise While Pending Sales Activity Slows

Luxury Home Prices Rise While Pending Sales Activity Slows

by Phil Hall | May 27, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical luxury home sold for a near-record $1.34 million in April, according to data from Redfin (NASDAQ: RDFN). While this is up 6.5% from one year ago, pending sales of luxury homes in April fell 9.9% year-over-year, the largest annual decline since August 2023...
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