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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’
$60,000 FHLBank Dallas Grant to Support Affordable Housing Initiatives in New Orleans
New Orleans’ Neighborhood Development Foundation (NDF) has received a $60,000 Partnership Grant Program (PGP) award from the Federal Home Loan Bank of Dallas, Home Bank, Liberty Bank & Trust, and Renasant Bank that will support its affordable housing initiatives...
Neighborhood Ventures Acquires 24-Unit Arizona Multifamily Property via UPREIT Exchange
Neighborhood Ventures (NV), a real estate operator and an online real estate investment company that enables investments in multifamily properties, has acquired Route 66, a 24-unit multifamily property in Flagstaff, Arizona, via a Section 721 UPREIT exchange valued at...
Federal Reserve Cuts Rates Again
For the second time this year, the Federal Reserve has issued a rate cut. The central bank’s policy making Federal Open Market Committee voted to lower the target range for the federal funds rate by a 0.25% to a new range of 3.75% to 4%. All but two of the Committee’s...
NEWS & CURRENT EVENTS
eXp Realty Launches UK Commercial Division
eXp Realty now has the first agent-powered platform in the UK to offer both residential and commercial services under a single model. Continue Reading eXp Realty Launches UK Commercial Division
Mortgage Application Activity Slows Down Again
Among the federal programs, the FHA share of total applications increased to 18.5% from 16.8% the week prior. Continue Reading Mortgage Application Activity Slows Down Again
Lincoln Property Company Acquires BL Mosher Consulting
The financial aspects of the transaction were not disclosed. Continue Reading Lincoln Property Company Acquires BL Mosher Consulting
Newmark Group Acquires Real Estate Professional Services Firm RealFoundations
“Joining Newmark is a natural next step for our firm,” said Chris Shaida, founder and CEO of RealFoundations. Continue Reading Newmark Group Acquires Real Estate Professional Services Firm RealFoundations
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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.
California Program to Offer Mortgage Relief to Disaster Victims
Eligible homeowners will be able to apply for grants covering up to three months of mortgage payments, up to $20,000 total. Continue Reading California Program to Offer Mortgage Relief to Disaster Victims
Richard Simmons’ Hollywood Hills Estate Listed for $6.9 Million
Simmons acquired the property for $670,000 in the early 1980s when his celebrity status began to rise. Continue Reading Richard Simmons’ Hollywood Hills Estate Listed for $6.9 Million
New Forecast Warns of Severe Drop in Boston’s Office Property Tax Revenues
The forecast predicted the city government will need to enact a residential property tax rate hike between 1.27% and 1.38% to fill the revenue gap over the coming five years. Continue Reading New Forecast Warns of Severe Drop in Boston’s Office Property Tax Revenues
Merger Between Property Management Divisions of Alfred and Quarterra
Brad Greiwe, CEO of Quarterra, will join the Alfred board of directors. Continue Reading Merger Between Property Management Divisions of Alfred and Quarterra
Hits and Misses for the Real Estate Week of June 2-6
Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. Continue Reading Hits and Misses for the Real Estate Week of June 2-6
Sen. Warren Slams Rocket Companies’ Acquisitions, GSE Privatization
She asked why the DOJ and FTC are not investigating Rocket’s recent acquisitions. Continue Reading Sen. Warren Slams Rocket Companies’ Acquisitions, GSE Privatization
New Jersey Man Pleads Guilty to Real Estate-Based Tax Evasion
Matthew Tucci is scheduled to be sentenced on Oct. 9 and faces a maximum penalty of five years in prison. Continue Reading New Jersey Man Pleads Guilty to Real Estate-Based Tax Evasion
NAMB Taps Ginger Bell to Become Growth Officer
She succeeds Jason Frazier, who launched NAMB’s online community Hive. Continue Reading NAMB Taps Ginger Bell to Become Growth Officer
Philadelphia’s Historic Wanamaker Building to Undergo Office-to-Residential Conversion
Office space will be preserved on the fourth and fifth floors. Continue Reading Philadelphia’s Historic Wanamaker Building to Undergo Office-to-Residential Conversion
Las Vegas Home Sales Decline Amid Wider Listings
The median price for existing single-family homes in this market was $480,000, unchanged from one year earlier. Continue Reading Las Vegas Home Sales Decline Amid Wider Listings
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