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Buffalo Homeowners Face Prospect of 8% Property Tax Hike

Buffalo Homeowners Face Prospect of 8% Property Tax Hike

by Phil Hall | Apr 9, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners in Buffalo, New York, face the prospect of an 8% increase in their property tax under the $622 million budget proposed by Acting Mayor Chris Scanlon. WBEN reports Scanlon is proposing the tax hike to fill a $17 million mid-year budget fall that he inherited...
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas

FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is extending its foreclosure moratoriums on FHA-insured single-family mortgages in areas impacted by Hurricanes Helene and Milton by an additional 90 days....
Report: Roof Repair Costs at $31 Billion in 2024

Report: Roof Repair Costs at $31 Billion in 2024

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roof repair and replacement cost value totaled nearly $31 billion in 2024, according to the US Roofing Realities Trend Report published by Verisk (NASDAQ: VRSK). This is a nearly 30% surge since 2022. Roof related line items made up more than one-quarter of all...
Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment

Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new survey from Redfin (NASDAQ: RDFN) has found one in five (20%) prospective homebuyers are expecting to sell stocks to help fund their next down payment. Among homeowners, Redfin found roughly one in eight (13%) said they sold stocks to help fund their down...
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District

Port of Seattle Files Appeal to Prevent Residential Development in Industrial District

by Phil Hall | Apr 8, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Port of Seattle has filed an appeal in King County Superior Court to overturn the Seattle City Council’s decision to permit residential development in the industrial area surrounding the deepwater port. In a statement, the Port said the rezoning “appears that...
FEMA Launches Flood Insurance Premium Quoting Tool

FEMA Launches Flood Insurance Premium Quoting Tool

by Phil Hall | Apr 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

FEMA announced the National Flood Insurance Program (NFIP) has launched FloodSmart.gov as a free Direct to Customer Flood Insurance Quoting Tool that is designed to assist customers in getting a flood insurance policy quote for their property and in securing a quoted...
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