A total of 1.57 million mortgages secured by residential property (one to four units) were originated in the first quarter, according to new data from ATTOM. This marked a 13% decline from the previous quarter, but it was also a 5% year-over-year increase. The total...
Florida Gov. Ron DeSantis has called for a special session of the state legislature during the week of June 1 to consider a constitutional amendment on residential property tax relief. In announcing the special session, DeSantis also presented his “Save Our Homes from...
The New York State legislature has approved Gov. Kathy Hochul’s proposal to enact a new tax on second homes in New York City valued at $5 million or more. The Wall Street Journal reports the so-called “pied-à-terre tax” is part of the state’s budget legislation and...
Lennar Corp. (NYSE: LEN) is quietly entering Iowa’s Des Moines-area housing market. According to a Business Record report, the Miami-headquartered homebuilder created a Lennar Iowa Facebook page that heralded the upcoming arrival of “move-in ready homes” at prices...
A vacation rental property in California’s Sonoma County Wine Country is making an unusual rental fee offer. In lieu of the $2.5 million list price, the property owner will accept $2 million in stock from the artificial intelligence provider Anthropic. The property at...
Roughly three in 10 homebuyers (28.8%) in March eschewed mortgage financing to pay for residential properties with all-cash transactions. According to a data report from Redfin, that share was down from 29.8% one year before and tied with 2021 for the lowest March...
Inflation Just Put Mortgage Rates Back in the Crosshairs
