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Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law

Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law

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

Idaho Gov. Brad Little signed House Bill 304 into law a bill that cuts property taxes by $100 billion every year. The new law will shift $50 million to a state fund to reduce property taxes for Idaho homeowners while sending another $50 million to a state fund for...
Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’

Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’

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

Minnesota Attorney General Keith Ellison announced a settlement to his September 2024 lawsuit against MV Realty that nullifies the so-called “Homeowner Benefit Agreements” (HBAs) in the contracts the company offered homeowners. In the settlement, MV Realty is...
Maine Home Sales up 6.51%

Maine Home Sales up 6.51%

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

A total of 753 home sales were closed in Maine last month, a 6.51% increase from the 707 sales transacted in February 2024. According to data from the Main Association of Realtors, the statewide median sales price for those sales was $381,500, a 9% jump from the...
Kolter Homes Unveils New 55+ Community in Florida

Kolter Homes Unveils New 55+ Community in Florida

by Phil Hall | Mar 26, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Kolter Homes, a developer of master-planned active adult communities in Central Florida, announced the opening of its latest development, Cresswind at Hammock Oaks. Located in Lady Lake, Florida, the new 55+ community will feature over 800 homes designed for active...
Sluggish Refinance Activity Drives Down Mortgage Application Levels

Sluggish Refinance Activity Drives Down Mortgage Application Levels

by Phil Hall | Mar 26, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A slowing in refinance activity drove down mortgage application activity for the week ending March 21, according to data from Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2% on both a...
Survey: Nearly Half of Renters Feel Homeownership is Out of Reach

Survey: Nearly Half of Renters Feel Homeownership is Out of Reach

by Phil Hall | Mar 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The transition from renting to homeownership is seen as insurmountable by nearly half of renters, according to a new survey from the nonprofit NeighborWorks America. This survey, which was conducted between Feb. 1-5 among a sample of 4,426 adults, found 48% of renters...
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