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The Evolution of Property Taxes in the United States: Origins, Purpose, and Reform Opportunities for Retirees

The Evolution of Property Taxes in the United States: Origins, Purpose, and Reform Opportunities for Retirees

by John G. Stevens | Dec 16, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Property taxes form the bedrock of local governance in the United States, yet their implications extend far beyond revenue generation. As one of the oldest forms of taxation, property taxes are deeply rooted in the nation’s history, reflecting a tradition of...
Biden Commutes Prison Sentence for Construction Boss in Las Vegas HOA Takeover Scheme

Biden Commutes Prison Sentence for Construction Boss in Las Vegas HOA Takeover Scheme

by Phil Hall | Dec 16, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A former construction company owner who was sentenced to over 15 years in prison for a $58.1 million scheme to defraud Las Vegas-area homeowner associations (HOA) had his sentence commuted by President Joe Biden. According to combined media reports, Leon Benzer is the...
NY Times Reporter Who Probed NAR: Our Reporting is ‘Excellent’

NY Times Reporter Who Probed NAR: Our Reporting is ‘Excellent’

by Phil Hall | Dec 16, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The New York Times reporter behind a series of investigative articles that questioned the operations of the National Association of Realtors (NAR) defended the quality of her reporting while stating the newspaper was serving as a “watchdog” against the trade group. In...
Former Hartford Courant HQ Going Up for Auction

Former Hartford Courant HQ Going Up for Auction

by Phil Hall | Dec 16, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The former headquarters of the nation’s oldest continuously published newspaper is scheduled to be up for auction next month. The Hartford Business Journal reports the 289,392-square-foot office and industrial property that was once the home to Connecticut’s Hartford...
Chicago Mayor Johnson Drops Property Tax Hike from Budget Plan

Chicago Mayor Johnson Drops Property Tax Hike from Budget Plan

by Phil Hall | Dec 16, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson has responded to pressure from City Council members and his constituents by dropping his effort to raise property taxes as a strategy for covering the city’s $1 billion deficit. WTTW reported Johnson informed City Council members on...
Canadian Housing Minister Sean Fraser to Exit Trudeau Cabinet

Canadian Housing Minister Sean Fraser to Exit Trudeau Cabinet

by Phil Hall | Dec 16, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s Federal Housing Minister Sean Fraser has decided that he will not run in next year’s federal election, creating a new vacancy in Prime Minister Justin Trudeau’s cabinet. CTV News reported that two unnamed “senior federal government sources” claimed Fraser is...
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