Abandoned residential properties may collectively be worth over $150 billion, according to a new study by the data provider PropertyChecker. The study observed there are roughly 15 million vacant homes across the US, with over 6.2 million of these properties being...
Construction has begun on a $32 million, 42-unit affordable housing community in the Dorchester section of Boston. Talbot Commons II will be the second phase of the larger Talbot Commons project, which broke ground in 2020. Talbot Commons I encompasses 40 LIHTC units...
Bank of America (NYSE: BAC) has announced plans to open more than 150 new financial centers across 60 markets by the end of 2027, including 40 this year and an additional 70 in 2026. The Charlotte, North Carolina-headquartered bank also announced the recent opening of...
A grassroots initiative by Ohio homeowners is working to add a constitutional amendment to the November ballot that would abolish property taxes. News 5 Cleveland reports the Citizens for Property Tax Reform movement was formed by voters who were unhappy with what...
An increasing number of people are taking out mortgages while a rising level of homeowners aren’t paying their mortgages. The Market Composite Index, the Mortgage Bankers Association’s (MBA) measure of mortgage loan application volume, increased 1.1% on a seasonally...
California has approved a 17% increase for State Farm’s homeowners policies. CBS News reports the rate increase is lower than the insurer’s request for a 21.8% hike. California Insurance Commissioner Ricardo Lara announced the rate hike after administrative...
Hits and Misses for the Real Estate Week of April 27-May 1
