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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’
Michael Bailey Promoted to CEO at Zeman Homes
Zeman Homes, the Chicago-headquartered owner-operator of manufactured home communities, has promoted Executive Vice President Michael Bailey to CEO. Bailey will replace interim CEO Jeff Fannon, who returns to his previous post as vice chairman. Prior to joining Zeman...
Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
Homes that are listed as fixer-uppers receive 52% more page views per property than comparable older, affordable homes, according to a data analysis report by Realtor.com. The typical fixer-upper has three bedrooms, two bathrooms and was built in 1958. These homes had...
Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
A Portland homebuyer is suing Zillow (NASDAQ: Z, ZG) for allegedly tricking him into splitting his agent’s commission with the Seattle-based brokerage. The Seattle Times is reporting the lawsuit filed with the US District Court for the Western District of Washington...
NEWS & CURRENT EVENTS
Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
West purchased the property in 2021 for $57 million but left unfinished after a highly publicized but ill-fated renovation project. Continue Reading Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
Mortgage Rates at 10-Month Low
“Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates at 10-Month Low
Treasury Secretary Bessent Backpedals on Demand for Fed to Cut Rates by 50 Basis Points
“I didn’t tell the Fed what to do,” Bessent said. Continue Reading Treasury Secretary Bessent Backpedals on Demand for Fed to Cut Rates by 50 Basis Points
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Most of the international buyers of Texas houses came from Mexico (30%), followed by Canada and China (each at 8%), India (7%), and Nigeria (6%). T Continue Reading Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
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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.
Report: The Best State for Raising a Family Is…
“Raising a family has become significantly more expensive in recent years as the cost of living has risen quickly,” said Chip Lupo, analyst at WalletHub. Continue Reading Report: The Best State for Raising a Family Is…
Coca-Cola Foundation Awards $200,000 Grant to Operation Homefront
Since 2008, Operation Homefront has provided over 7,000 months of housing to more than 760 families, saving them nearly $8.5 million in rent and utilities. Continue Reading Coca-Cola Foundation Awards $200,000 Grant to Operation Homefront
A Phil Hall Op-Ed: The Buck Doesn’t Stop Here
Editor Phil Hall considers why Gov. Gavin Newsom and Mayor Karen Bass are not taking responsibility for a lack of preparedness over the Los Angeles fires. Continue Reading A Phil Hall Op-Ed: The Buck Doesn’t Stop Here
Texas Luxury Housing Market Sales Up 10% Year-Over-Year
While only 4% of all homes sold in Texas were million-dollar homes, those properties accounted for 15.7% of all residential sales dollar volume in the state. Continue Reading Texas Luxury Housing Market Sales Up 10% Year-Over-Year
Report: The Worst Housing Market for Growth Is…
Among the states, Florida was home to the most housing markets with the worst growth activity. Continue Reading Report: The Worst Housing Market for Growth Is…
North Carolina Realtor Arrested in Triple Murder Case
There was no known relationship between David Lever and the victims. Continue Reading North Carolina Realtor Arrested in Triple Murder Case
Report: Bill Ackman Proposes Merger with Howard Hughes Holdings
The company did not immediately respond to Ackman’s proposal. Continue Reading Report: Bill Ackman Proposes Merger with Howard Hughes Holdings
Sagard Real Estate Acquires Denver-Area Multifamily Community
The real estate investment firm Sagard Real Estate, formerly EverWest Real Estate Investors, has acquired Alta Green Mountain, a Class A multifamily community located in Colorado’s West Denver submarket. Built in 2020, Alta Green Mountain features 260 luxury units...
Supreme Court Declines to Hear NAR’s Attempt to Stop DOJ’s Restart of Investigation
It is unclear if the incoming Trump administration will drop the DOJ’s case against NAR. Continue Reading Supreme Court Declines to Hear NAR’s Attempt to Stop DOJ’s Restart of Investigation
Update: Death Toll in Los Angeles Fires Rises to 24
Rental housing prices have already spiked in the wake of the fires. Continue Reading Update: Death Toll in Los Angeles Fires Rises to 24
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