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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’
New Cricket Stadium Planned for Metro Atlanta Area
Development has begun on the first cricket stadium in Georgia. Atlanta News First reports the real estate developer Selig Enterprises sold 45 acres in the Atlanta suburb of LaGrange to DAS Cricket Academy and the NJ Blackcaps, a professional cricket club based in New...
FinCEN Delays Implementing Residential Real Estate Transfers Rule
The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is postponing the reporting requirements of its Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule (RRE Rule) until March 1, 2026. The RRE rule mandates that...
Gov. DeSantis Announces Miami Site as Future Home of Trump Presidential Library
Florida Gov. Ron DeSantis has announced a 2.63-acre parcel in Miami has been designated to become the site of the Trump Presidential Library. The parcel is currently utilized as an employee parking lot for Miami Dade College’s Wolfson Campus, and it is adjacent to the...
NEWS & CURRENT EVENTS
Knock Closes on $100 Million Securitization
The buy-before-you-sell real estate fintech Knock announced the successful close of its inaugural $100 million securitization. According to the Atlanta-based company, the $100 million bond issuance will be used exclusively to fund Knock’s Bridge Loan products. Cantor...
Acres.com Debuts Tool to Track Residential Market Growth
The tool can identify the people behind holding companies and shell entities involved in land deals. Continue Reading Acres.com Debuts Tool to Track Residential Market Growth
Canada Invests $45 Million for Ottawa Rental Housing Complex
The Bayview Wateridge development is located in the Rockcliffe community within a few minutes of downtown Ottawa. Continue Reading Canada Invests $45 Million for Ottawa Rental Housing Complex
Aldi to Open First Grocery Store in Manhattan
The 25,000-square-foot store will be on 42nd Street near Times Square. Continue Reading Aldi to Open First Grocery Store in Manhattan
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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.
Multifamily Developers Express Mixed Views on Market
NAHB Chief Economist Robert Dietz is projecting “multifamily construction will decline again in the first half of 2025.” Continue Reading Multifamily Developers Express Mixed Views on Market
Mortgage Rates in Further Decline
The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13. Continue Reading Mortgage Rates in Further Decline
Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Elie Schwartz pleaded guilty to one count of wire fraud and faces a maximum penalty of 20 years in prison. Continue Reading Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Democrat Leaders Urge Federal Reserve and Regulators Not to Work with Elon Musk’s DOGE
“Early evidence suggests the Trump Administration and DOGE are violating the US Constitution and a variety of laws,” the lawmakers wrote. Continue Reading Democrat Leaders Urge Federal Reserve and Regulators Not to Work with Elon Musk’s DOGE
UK Government Plans to Build Up to 12 New Towns to Alleviate Housing Shortage
“We’re urgently using all levers available to build the homes we need so more families can get on the housing ladder,” said Prime Minister Keir Starmer. Continue Reading UK Government Plans to Build Up to 12 New Towns to Alleviate Housing Shortage
Nevada Governor Seeks State Resolution Calling to Release Federal Land for Housing
“Projections indicate that Washoe County could run out of developable land by 2027,” said Gov. Lombardo. Continue Reading Nevada Governor Seeks State Resolution Calling to Release Federal Land for Housing
Ukraine Records First Real Estate Purchase by Western Private Fund Since Russian Invasion
The Amsterdam-based Arcona Property Fund (APF) acquired a land plot in central Kyiv for $2 million. Continue Reading Ukraine Records First Real Estate Purchase by Western Private Fund Since Russian Invasion
Redfin to Lay Off 450 Employees Following Partnership with Zillow
The Seattle-based company did not release a press statement on the layoffs. Continue Reading Redfin to Lay Off 450 Employees Following Partnership with Zillow
Craft Retailer Jo-Ann Plans to Close 500 Stores
The company blamed rising inflation and the disruptions created by the Covid-19 pandemic for its current financial difficulties. Continue Reading Craft Retailer Jo-Ann Plans to Close 500 Stores
DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants
Four FEMA employees who conducted the transaction, including Chief Financial Officer Mary Comans, have been fired by the DHS. Continue Reading DHS Claws Back $59 Million Given to NYC Hotels Housing Illegal Immigrants
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