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Buffalo Council Approves 8% Property Tax Hike

Buffalo Council Approves 8% Property Tax Hike

by Phil Hall | May 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Common Council in Buffalo, New York, voted 6-2 to pass an amended $622 million city budget that includes Acting Mayor Christopher Scanlon’s proposed 8% property tax increase. WGRZ reports the budget increases municipal spending by 1%. The budget also...
Trump Says He Will Take Fannie Mae and Freddie Mac Public

Trump Says He Will Take Fannie Mae and Freddie Mac Public

by Phil Hall | May 28, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

President Donald Trump announced that he planned to take Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) public, which would end the federal conservatorship of the government-sponsored enterprises that have been in place since September 2008. In a post on his...
Luxury Home Prices Rise While Pending Sales Activity Slows

Luxury Home Prices Rise While Pending Sales Activity Slows

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

The typical luxury home sold for a near-record $1.34 million in April, according to data from Redfin (NASDAQ: RDFN). While this is up 6.5% from one year ago, pending sales of luxury homes in April fell 9.9% year-over-year, the largest annual decline since August 2023...
New Reports Highlight Best Cities for New College Graduates and for Raising Families

New Reports Highlight Best Cities for New College Graduates and for Raising Families

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

Two new data studies have identified metro areas that respectively best serve new college graduates looking for their first rental housing and for households seeking to raise their children. Realtor.com released its 2025 list of the Top Rental Markets for Recent...
Chinese Buyers Top Global Web Searches for South Florida Real Estate

Chinese Buyers Top Global Web Searches for South Florida Real Estate

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

Chinese property buyers are paying an increased level of interest in South Florida real estate, according to a new report by the Miami Association of Realtors. During April, the greatest number of global web searches in this Sunshine State market (13.3%) originated...
Case-Shiller: Home Price Acceleration is Slowing

Case-Shiller: Home Price Acceleration is Slowing

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

Home prices continued to rise in March, according to the latest S&P CoreLogic Case-Shiller data, albeit at a slight decrease from the previous reading in February. The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 3.4% annual return...
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