Roughly 53,000 home purchase agreements were canceled in October, equal to 15.1% of homes that went under contract that month. According to a new data report from Redfin, the share of canceled deals was up from the 14.3% level in October 2024. The report is based on...
Boston Mayor Michelle Wu has warned the city’s homeowners could face a 13% spike in property taxes beginning in January, an increase of $780 for the average homeowner. WBUR reports the increase in residential property taxes is occurring while the city’s commercial...
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
Mortgage application activity declined during the week ending Nov. 28, according to data from the Mortgage Bankers Association (MBA). The data included an adjustment for the Thanksgiving holiday. The Market Composite Index, the MBA’s measure of mortgage loan...
The average annual US residential property tax bill was $4,271 in 2024, according to the National Association of Home Builders (NAHB) analysis of the 2024 American Community Survey. That represented a 4% increase from the previous year. Last year marked the first time...
Vermont homeowners could be facing an average property tax hike of 12% next year based on the projected budgets from two-thirds of the state’s schools. WCAX reports per-pupil spending in Vermont is up by nearly $1,000, a 7% year-over-year increase. If the latest tax...
