Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 2-6. Hit: A...
The new owner of Philadelphia’s historic Wanamaker Building is planning an office-to-residential conversion that will bring 600 loft-style apartments to the property’s top six floors. According to combined media reports, New York City-based developer TF Cornerstone...
The Las Vegas area recorded a total of 2,646 sales for homes, condos and townhomes sold in May, according to data from Las Vegas Realtors. In a year-over-year measurement, sales fell by 13.1% for homes and by 19% for condos and townhomes. While sales were down last...
Mortgage rates dropped in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of June 5, down from last week when it averaged 6.89%. A year ago at this time, it averaged 6.99%. The 15-year...
An initiative to eliminate Wyoming’s property taxes through the passage of a constitutional amendment is taking shape in the state’s legislature. Wyofile.com reports this initiative is fueled by confusion that previous property tax relief efforts. “Taxpayers often...
The number of homes for sale has topped 1 million for the first time since Winter of 2019, according to data from Realtor.com. However, only metros in the South or West have fully returned to pre-pandemic inventory levels. All 50 of the largest metro areas posted...
The $120,000 Wake-Up Call: What Harvard’s New Housing Report Means fo…
