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Michigan Gov. Whitmer Proposes 10% Reduction in Property Taxes for Seniors

Michigan Gov. Whitmer Proposes 10% Reduction in Property Taxes for Seniors

by Phil Hall | Feb 12, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Michigan Gov. Gretchen Whitmer is proposing that senior homeowners in her state receive a 10% reduction on their property taxes. CBS News reports Whitmer, a Democrat who is in the final year of her term, will officially announce the proposal in her State of the State...
Foreclosure Activity Rises Annually for Eleventh Straight Month

Foreclosure Activity Rises Annually for Eleventh Straight Month

by Phil Hall | Feb 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 40,534 residential properties had foreclosure filings during January, down 10% from the prior month but up 32% from one year earlier. According to new data from ATTOM, January marked the eleventh straight month where foreclosure activity was on the rise....
New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment

New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment

by Phil Hall | Feb 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bipartisan bill introduced in the US House of Representatives will enable families to put unused college savings toward a down payment. The First-Time Homebuyer Empowerment Act (H.R. 7468) would amend the tax code to allow people to withdraw up to $35,000 in...
New Jersey’s $10,570 Average Property Tax Bill Hits Record High

New Jersey’s $10,570 Average Property Tax Bill Hits Record High

by Phil Hall | Feb 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New Jersey’s statewide average property tax bill for 2025 was $10,570, a new record high. According to coverage from NJ1015.com, last year’s average bill was roughly $500 above the 2024 level, the previous record high and the first time the bill was a five-digit...

Homeowner Affordability Improves Slightly in California

by Phil Hall | Feb 11, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the California Association of Realtors (CAR) has determined 18% of the state’s homebuyers could afford to purchase a median-priced, existing single-family home during fourth quarter of 2025, up from 17% in the third quarter and up from 16% in the...
Mortgage Application Activity Remains Flat as Credit Availability Increases

Mortgage Application Activity Remains Flat as Credit Availability Increases

by Phil Hall | Feb 11, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed for the week ending Feb. 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 0.3% on a seasonally adjusted basis from one...
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