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North Dakota Voters Reject Measure to End Local Property Taxes

North Dakota Voters Reject Measure to End Local Property Taxes

by Phil Hall | Nov 6, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A ballot measure in North Dakota that would have ended most local property taxes based on assessed value was rejected by voters. According to combined media reports, Measure 4 would have required the state government to reimburse local governments to cover the gap by...
Denver Voters Reject Plan to Boost Sales Tax to Fund Affordable Housing Projects

Denver Voters Reject Plan to Boost Sales Tax to Fund Affordable Housing Projects

by Phil Hall | Nov 6, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Denver voters rejected Mayor Mike Johnston’s effort to increase the local sales tax to support affordable housing projects. The Denver Post reported Ballot Issue 2R, which would have enacted a 0.5% sales tax increase that would add 50 cents to every $100 spent on most...
Toronto Home Sales Up 44.4% in October

Toronto Home Sales Up 44.4% in October

by Phil Hall | Nov 6, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Home sales in the Greater Toronto Area (GTA) shot up in October while new listings and home prices were up by relatively mild levels. A total of 6,658 home sales were recorded through the Toronto Regional Real Estate Board’s (TRREB) MLS System in October, a 44.4%...
Home Builders Group Congratulates Trump on Election

Home Builders Group Congratulates Trump on Election

by Phil Hall | Nov 6, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Home Builders (NAHB) voiced its congratulations to Donald Trump on his return to the White House. While NAHB did not endorse any candidates in this election, it had been repeatedly critical of Biden-Harris administration policies that the...
Mortgage Application Activity Down for Sixth Straight Week

Mortgage Application Activity Down for Sixth Straight Week

by Phil Hall | Nov 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity trended downward during the week ending Nov. 1, according to data from the Mortgage Bankers Association (MBA). This marked the sixth straight week of application activity decline. The Market Composite Index, the MBA’s measure of mortgage...
California Sues City for Ban on New Special Housing

California Sues City for Ban on New Special Housing

by Phil Hall | Nov 5, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

California’s state government has filed a lawsuit against the City of Norwalk, claiming it enacted an unlawful ban on new housing that prevents the creation of emergency shelters, single-room occupancy housing, transitional housing, and supportive housing. The...
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