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Utah City Approves 34% Property Tax Hike

Utah City Approves 34% Property Tax Hike

by Phil Hall | Aug 18, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

At a time when most states and municipalities are moving to lower property taxes, a city in southern Utah is going in the opposite direction with a substantial property tax hike. The Salt Lake Tribune reports the City Council in Ivins, Utah, voted 4-1 to raise...
Mortgage Applications for New Home Purchases Surged in July

Mortgage Applications for New Home Purchases Surged in July

by Phil Hall | Aug 18, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in July were up by 7% from the previous month and were also up 6.8% year-over-year, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were at a seasonally...
Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?

Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?

by Phil Hall | Aug 15, 2025 | Mortgage Information, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Will the Trump administration’s plans to sell shares in Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) result in a spike in mortgage rates, or will it drive rates down? The answer, it seems, depends which expert you ask. The Trump administration is reportedly...
Connecticut Cities Increase Fines Against Landlords with Blighted Properties

Connecticut Cities Increase Fines Against Landlords with Blighted Properties

by Phil Hall | Aug 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A pair of Connecticut cities are taking a tougher new approach to fighting neighborhood blight by upping fines against the owners of the rundown properties. WFSB reports the City of New Haven announced a new plan that increases the fine for a blighted property from...
Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price

Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price

by Phil Hall | Aug 15, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The saga of Kanye West’s one-time Malibu beach house took another melodramatic turn as the property is back on the market months after the announcement that a buyer was secured. Mansion Global reports the house is back on the market for $34.9 million, down from its...
Mortgage Rates at 10-Month Low

Mortgage Rates at 10-Month Low

by Phil Hall | Aug 14, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate averaged 6.58% as of Aug. 14, 2025, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.63%; it also marked the lowest level recorded year-to-date. A year...
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