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Pittsburgh City Councilor Proposes 30% Property Tax to Close ‘Budgetary Gaps’
“This is something no elected official wants to do, but it is the responsible thing to do,” Councilor Barbara Warwick said in a statement. Continue Reading Pittsburgh City Councilor Proposes 30% Property Tax to Close ‘Budgetary Gaps’
Pittsburgh City Councilor Proposes 30% Property Tax to Close ‘Budgetary Gaps’
“This is something no elected official wants to do, but it is the responsible thing to do,” Councilor Barbara Warwick said in a statement. Continue Reading Pittsburgh City Councilor Proposes 30% Property Tax to Close ‘Budgetary Gaps’
HUD Secretary Turner Tells Senate Democrats to ‘Stop the Political Games’ and Reopen the Government
Housing and Urban Development Secretary Scott Turner called on Senate Democrats to put “principle over politics” and vote to reopen the federal government. In a posting on X, Turner wrote, “Our colleagues on the Left have forgotten why they were sent to Washington,...
Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
Advanced Real Estate has acquired The Cove at West Covina, a 138-unit Southern California apartment community, for $41 million. Formerly known as Langdon Park, the gated property offers a mix of units ranging from studio to three-bedroom configurations. The property's...
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
NewDay USA has rolled out NewDay Home, a product designed to help veterans and servicemembers achieve homeownership. According to the West Palm Beach, Florida-based company, NewDay Home enables qualifying borrowers to secure a fully underwritten, credit- and...
NEWS & CURRENT EVENTS
Q3 Home Sales Profits Near 50% Margin
The median national sales price in the third quarter was $370,000. Continue Reading Q3 Home Sales Profits Near 50% Margin
NYC Median Rent Up 5.4% from Last Year
Smaller apartments recorded the greatest rent gains with a 6.0% year-over-year spike to $3,581, Continue Reading NYC Median Rent Up 5.4% from Last Year
Canadian Home Sales at 4-Year High for the Month of September
The non-seasonally adjusted national average home price was $676,154 in September, up 0.7% from one year ago. Continue Reading Canadian Home Sales at 4-Year High for the Month of September
Fathom Holdings Acquires Start Real Estate
The financial terms of the acquisition were not disclosed. Continue Reading Fathom Holdings Acquires Start Real Estate
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
Find insights, information, tools, perspectives, and trends written by experts and published exclusively on WRE News.
Ohio Gov. DeWine Approves Public Funds for Cleveland Browns’ New Stadium
Former Ohio Attorney General and State Senator Marc Dann is planning to sue to stop the funds transfer to the Browns. Continue Reading Ohio Gov. DeWine Approves Public Funds for Cleveland Browns’ New Stadium
BBG Launches Data Center Specialty Practice
Christopher M. Fudacz, formerly the national data center practice leader at CBRE (NYSE: CBRE), has joined BBG as senior managing director to lead the new practice. Continue Reading BBG Launches Data Center Specialty Practice
California’s Environmental Law Rewritten to Create More Housing
“This is the most consequential housing reform in modern history in the state of California,” said Gov. Newsom. Continue Reading California’s Environmental Law Rewritten to Create More Housing
NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
The rent hikes exceeded the levels sought by Mayor Eric Adams. Continue Reading NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
CMBS Delinquency Rate Rises to 7.13%; Office Sector Delinquency at New Record High
One year ago, the CMBS delinquency rate was 5.35%. Continue Reading CMBS Delinquency Rate Rises to 7.13%; Office Sector Delinquency at New Record High
Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
“We know what needs to be done, so let’s just do it,” said DeSantis. “And we will do it.” Continue Reading Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
Cathie Wood Praises FHFA Directive on Cryptocurrencies in Housing Policy
Wood said the FHFA directive “could bolster both crypto and housing significantly.” Continue Reading Cathie Wood Praises FHFA Directive on Cryptocurrencies in Housing Policy
Doron Netanel Named CEO at Commodore Construction
Netanel most recently served as chief financial officer with international construction company Electra USA. Continue Reading Doron Netanel Named CEO at Commodore Construction
Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos
“Being misled into visiting a property that is not suitable is frustrating for prospective tenants and may mean they miss out on other properties,” said Leo Patterson Ross, president of the Tenants Union of NSW. Continue Reading Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos
Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
He claimed “I don’t think that we should have billionaires” because of perceived income inequality gaps. Continue Reading Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
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