Featured Real Estate News
Ex-Massachusetts Real Estate Executive Sentenced for Tax Fraud and Obstruction of Justice
Stephen L. Hochberg, a former Massachusetts real estate executive was sentenced to two years in prison followed by three years supervised release, for his role in a multi-year scheme to cheat the Internal Revenue Service (IRS) with under-the-table pay of more than...
Ex-Massachusetts Real Estate Executive Sentenced for Tax Fraud and Obstruction of Justice
Stephen L. Hochberg was charged in December and pleaded guilty to conspiracy to defraud the US and to obstruction of justice in January. Continue Reading Ex-Massachusetts Real Estate Executive Sentenced for Tax Fraud and Obstruction of Justice
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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Exclusive News
Redfin to Run Super Bowl Ad Featuring Lady Gaga
The Grammy winner reimagines “Won’t You Be My Neighbor?” in the advertisement. Continue Reading Redfin to Run Super Bowl Ad Featuring Lady Gaga
Trump Signs Executive Order to Put Feds in Charge of LA Wildfire Rebuilding
Tara Gallegos, a spokesperson for Gov. Gavin Newsom, called the president “an old clueless idiot who believes that the state and federal governments can issue local rebuilding permits and LA gets its water from the Pacific Northwest.” Continue Reading Trump Signs Executive Order to Put Feds in Charge of LA Wildfire Rebuilding
Half of US Households Experienced Home Insurance Rate Increases
Among the states, Florida carries the highest home insurance average at $7,136. Continue Reading Half of US Households Experienced Home Insurance Rate Increases
Amazon to Shut Down Fresh and Go Grocery Stores
The company operates a total of 72 Fresh and Go stores, with most being scheduled for closure on Feb. 1. Continue Reading Amazon to Shut Down Fresh and Go Grocery Stores
Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
Construction will begin immediately, with substantial completion anticipated in September 2027. Continue Reading Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
New Data Reports Find Continuation of Mild Home Price Acceleration
Once again, FHFA Director Bill Pulte did not comment on the continued home price acceleration. Continue Reading New Data Reports Find Continuation of Mild Home Price Acceleration
Report: Nearly 44% of Homes Carry HOA Fees
Roughly one-third (33.4%) of single-family homes now carry HOA fees. Continue Reading Report: Nearly 44% of Homes Carry HOA Fees
Lawsuit Accuses Rocket Companies of Mortgage Steering
The lawsuit claims the company “exploited the vulnerability of home buyers for profit.” Continue Reading Lawsuit Accuses Rocket Companies of Mortgage Steering
Lennar Unveils New 55+ Community in Central Oregon
Pricing on the new residences start in the low $400,000s. Continue Reading Lennar Unveils New 55+ Community in Central Oregon