Current News & Events
Gov. DeSantis Offers Property Tax Relief Proposal Ahead of Special Legislative Session
Under the governor’s plan, the first $250,000 of a homestead’s value is exempt from taxation and will be subject to a schedule for full elimination. Continue Reading Gov. DeSantis Offers Property Tax Relief Proposal Ahead of Special Legislative Session
New York State Passes Pied-à-Terre Tax Aimed at NYC’s Luxury Second Homes
Gov. Hochul claimed the new tax could generate as much as $500 million per year for the cash-strapped city, which is operating on a $5.4 billion deficit. Continue Reading New York State Passes Pied-à-Terre Tax Aimed at NYC’s Luxury Second Homes
Housing Market Hit Record $55.1 Trillion
Seven states saw their housing markets lose value over the past year, with the biggest drops in Florida (-$109 billion), California (-$106 billion) and Texas (-$32 billion). Continue Reading Housing Market Hit Record $55.1 Trillion
Edmonton Duo Charged with Real Estate Investing Scam
Yuvraj Verma and Rohit Sethi used several corporations to raise approximately $6.8 million from investors for an Edmonton-based real estate project. Continue Reading Edmonton Duo Charged with Real Estate Investing Scam
Report: Bessent Curses and Threatens Pulte During DC Private Party
Ultimately, there was no violence – Bessent and Pulte were seated at opposite ends of the dinner table and there was no further disruption. Continue Reading Report: Bessent Curses and Threatens Pulte During DC Private Party
Property Insurance Costs Grow 11.3%
California saw the largest increases in the first half of the year, with premiums in Los Angeles up 9% in six months and 19.5% year-over-year. Continue Reading Property Insurance Costs Grow 11.3%
Black Homeownership Rate Drops to 4-Year Low
The homeownership rate decline occurred as the Black unemployment rate reached 7.2% as of July, up from 6.3% one year before and the highest level since October 2021. Continue Reading Black Homeownership Rate Drops to 4-Year Low
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
The legislation creates $50 million per year in grants for communities that adopt policies removing barriers to affordable housing on property owned by faith-based organizations or colleges. Continue Reading Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
Tax officials in Bloomfield Township, Michigan, said the Pultes’ exemption was being immediately revoked. Continue Reading Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
California Construction Firm CEO Arrested on Loan Fraud Charges
If convicted, Joey Wayne Mackey faces a maximum statutory penalty of 30 years in prison and a $1 million fine. Continue Reading California Construction Firm CEO Arrested on Loan Fraud Charges
National Average for Apartment Rents Down Slightly in August
This marks the second consecutive month of flat or negative monthly rent change. Continue Reading National Average for Apartment Rents Down Slightly in August
TVA in Collaboration to Build 6 Nuclear Plants for 6 GW of Power Across 7 States
The new collaboration is designed to provide enough energy to power the equivalent of approximately 4.5 million homes or 60 new data centers. Continue Reading TVA in Collaboration to Build 6 Nuclear Plants for 6 GW of Power Across 7 States
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