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Fed’s Miran Calls for 150 Basis Point Cut in Interest Rates
Miran’s term on the Fed’s Board of Governors expires at the end of the month. Continue Reading Fed’s Miran Calls for 150 Basis Point Cut in Interest Rates
Fed’s Miran Calls for 150 Basis Point Cut in Interest Rates
Miran’s term on the Fed’s Board of Governors expires at the end of the month. Continue Reading Fed’s Miran Calls for 150 Basis Point Cut in Interest Rates
Georgia Home Sales Down 9% During November
Georgia recorded a total of 8,249 closed sales during November, a 9% year-over-year decline, while pending sales experienced a 7% drop to 8,241 transactions. According to data from the Georgia Association of Realtors, pending sales were down across all property types...
Gene Simmons Relists Beverly Hills Estate with $1 Million Price Cut
KISS frontman Gene Simmons has returned his Beverly Hills mansion to the market with $1 million slashed from the original listing price. TMZ reports the 7,741-square-foot four-bedroom, five-bathroom residence is now being offered for just under $13 million. The...
Chicago Board of Education Approves Small Property Tax Hike
The Chicago Board of Education voted 15-5 for a small increase to its property tax levy that will result in the collection of an additional $40 million. The Chicago Sun-Times reports the school board approved a property tax increase in August, but the new increase...
NEWS & CURRENT EVENTS
Report: Nationwide Mortgage Delinquency Rate at 4-Year High
609,000 borrowers who were current on payments in October became delinquent in November, marking the largest single-month inflow since May 2020. Continue Reading Report: Nationwide Mortgage Delinquency Rate at 4-Year High
Democratic Attorneys General Sue to Block Defunding of the CFPB
“This is yet another attempt by the Trump Administration to dismantle and destroy the federal government, laws and Congress be damned,” said Connecticut Attorney General William Tong. Continue Reading Democratic Attorneys General Sue to Block Defunding of the CFPB
Denver City Council Approves $70 Million for New Soccer Stadium
The $70 million budgeted for the project came from moving several projects out of the capital improvement fund. Continue Reading Denver City Council Approves $70 Million for New Soccer Stadium
Bank of America Allocates $10 Million in Zero-Interest Loans to LA Wildfire Victims
Genesis LA will originate loans to support homeownership, economic development, and nonprofit facilities in the Altadena and Pasadena areas. Continue Reading Bank of America Allocates $10 Million in Zero-Interest Loans to LA Wildfire Victims
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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SITE Centers Corp. Sells 5 Retail Plazas
The company did not identify the buyers of the properties. Continue Reading SITE Centers Corp. Sells 5 Retail Plazas
New Initiative Seeks to Eliminate Property Taxes in Oklahoma
The measure’s proponents are seeking to have it included on the November 2026 ballot. Continue Reading New Initiative Seeks to Eliminate Property Taxes in Oklahoma
Hits and Misses for the Real Estate Week of Nov. 17-21
An affordability challenge in rural America, Canadian and American renters consider the pursuit of homeownership, and Arkansas realtors helping communities facing food insecurity. Continue Reading Hits and Misses for the Real Estate Week of Nov. 17-21
Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
Mississippi Museum of Art Acquires Frank Lloyd Wright-Designed House
The property, which is dubbed “Fountainhead,” was added to the National Registry of Historic Places in 1980. Continue Reading Mississippi Museum of Art Acquires Frank Lloyd Wright-Designed House
St. Louis Creates Impacted Tenants’ Fund for Displaced Renters
Eligible tenants will receive funds for one-time assistance, equal to one month of rent, based on the federal government’s fair market rates established. Continue Reading St. Louis Creates Impacted Tenants’ Fund for Displaced Renters
Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
In majority-white areas, 7.9% of homes for sale within MRED were listed privately. In predominantly minority areas, that share was 3.4%. Continue Reading Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
Wisconsin Home Sales and Prices Up During October
The median price increased to $331,500, which is a 6.9% increase over the last 12 months. Continue Reading Wisconsin Home Sales and Prices Up During October
Median for Luxury Home Sales Prices Hit New Record High for October
Last month’s price was a 5.5% year-over-year increase. Continue Reading Median for Luxury Home Sales Prices Hit New Record High for October
Virginia Home Sales Jumped by 3.1% in October
The statewide median sales price was $430,000, a $15,000 or 3.6% increase from October 2024. Continue Reading Virginia Home Sales Jumped by 3.1% in October
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