Featured Real Estate News
Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
The Georgia Senate has passed a bill that will reduce homeowner property taxes by creating a new sales tax. WABE reports the Senate’s measure was amended on House Bill 1116, which proposed a cap on property tax valuation increases. The Senate’s proposal creates...
Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
“We are choosing to say that the people who own homes really are more important,” said Sen. Sonya Halpern (D-Atlanta). Continue Reading Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
Lisa Pendergast to Step Down from the Leadership of the CRE Finance Council
The CRE Finance Council (CREFC) announced that President and CEO Lisa Pendergast is planning to retire on or about Aug. 3 after a decade of trade association leadership. Prior to her CREFC role, she held senior positions at Jefferies, Royal Bank of Scotland, and...
Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit
Buffalo Mayor Sean Ryan is warning city residents that they could soon face a 25% property tax hike. WIVB reports the upstate New York city faces an estimated $109 million deficit, with significant gaps in resources. “We’re down about 50% of the garbage trucks we...
Chicago Boosts Hotel Tax, Making it the Nation’s Highest
Chicago is now home to the nation’s highest hotel tax after the City Council unanimously voted on Wednesday to create a Tourism Improvement District and raise the tax on hotel rooms within that district to 19%. According to the Chicago Sun-Times, the current combined...
News & Current Events
Maine Home Values Increased in February While Sales Declined
February’s home sales across the Northeast were down 4.1% year-over-year while the median sales price rose by 3.3% to $479,800. Continue Reading Maine Home Values Increased in February While Sales Declined
30-Year Fixed-Rate Mortgage Surges to 6.22%
A year ago at this time, it averaged 6.67%. Continue Reading 30-Year Fixed-Rate Mortgage Surges to 6.22%
Kentucky Home Sales Up in February Despite Drop in New Listings
The median sales price in February was $272,000, up 8.58% month-over-month and up 6% year-over-year. Continue Reading Kentucky Home Sales Up in February Despite Drop in New Listings
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Report: Rental Housing Market Now Considered ‘Renter-Friendly’
A handful of coastal metros remain the exception to the renter-friendly trend. Continue Reading Report: Rental Housing Market Now Considered ‘Renter-Friendly’
Delaware Homebuyer Loses $2.2 Million in Real Estate Closing Scam
A Delaware homebuyer has filed a lawsuit in federal court after losing $2.2 million in a real estate closing scam. WBOC reports Johanna Berkowitz was buying a luxury property in Dewey Beach, Delaware, with a closing scheduled for Nov. 21, 2025. Two days before the...
Kentucky Considers Freeze on Property Tax Increases for Seniors
The proposal passed Kentucky’s Senate and is now being considered by the General Assembly. Continue Reading Kentucky Considers Freeze on Property Tax Increases for Seniors
Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
WalletHub noted the average household pays $3,119 in real estate property taxes. Continue Reading Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
Report: Fewer Homebuyers Making All-Cash Purchases, Using FHA Loans
One in seven homebuyers (14.4%) used FHA loans in December, down from 15.1% one year earlier. Continue Reading Report: Fewer Homebuyers Making All-Cash Purchases, Using FHA Loans
Chinese Company Forced to Divest Land Near Utah Military Bases
A Chinese company with ties to the Chinese Communist Party was forced to sell land it owned near two military installations in Utah. The Epoch Times reports Mitime Utah Investment LLC received a letter from the state last November ordering it divest the property, a...
Canadian Housing Starts Down by 15%
Vancouver recorded a 37% increase in actual starts due to higher multi-unit and single-detached starts. Continue Reading Canadian Housing Starts Down by 15%
NYC Mayor Mamdani Bans Public Housing Tenants from Speaking at ‘Rental Ripoff’ Hearing
The hearing will focus only on privately owned housing. Continue Reading NYC Mayor Mamdani Bans Public Housing Tenants from Speaking at ‘Rental Ripoff’ Hearing
North Korea Opens Housing District for Families of Soldiers Killed Fighting with Russia in Ukraine
“Before their death, the heroic martyrs must have pictured in their mind’s eye their dear families living in the ever-prospering country,” said Kim Jong-un. Continue Reading North Korea Opens Housing District for Families of Soldiers Killed Fighting with Russia in Ukraine