Featured Real Estate News
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...
Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit
To fill in the deficit, some proposals being considered include a $20 to $30 increase on property taxes. Continue Reading Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit
Federal Reserve Maintains Rate Range
The Federal Reserve has opted to hold rates at their current level. The central bank’s policy making Federal Open Market Committee stated it will “maintain the target range for the federal funds rate at 3.5% to 3.75%.” The vote...
eXp Realty to Offer ‘Coming Soon’ Pre-Market Listings in Three-Portal Syndication
eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced that its agents will be able to syndicate “Coming Soon” pre-market listings to the portals Realtor.com, Homes.com, and ComeHome.com (Google Search). The listings will be made available...
Wan Bridge Unveils Plans for Dallas-Area Rental Home Community
The Houston-headquartered developer Wan Bridge has announced the launch of Frontera Shores, a new master-planned rental home community in the Dallas-area city of Lewisville, Texas. Frontera Shores will offer a selection of two-, three-, and four-bedroom floor plans...
News & Current Events
FHFA Offers Home Insurance Rule Updates to ‘Fix Expensive, Stupid Biden-Era Requirements’
“Thanks to President Trump’s landslide victory, we are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” said FHFA Director Bill Pulte. Continue Reading FHFA Offers Home Insurance Rule Updates to ‘Fix Expensive, Stupid Biden-Era Requirements’
REMAX: Homes Sold Faster During February Amid Fewer New Listings
“With spring on the horizon, we started to see the market regain some momentum, particularly in how quickly homes are selling,” said Chris Lim, president of REMAX. Continue Reading REMAX: Homes Sold Faster During February Amid Fewer New Listings
Walton Global Debuts US Land Fund for International Investors
The fund has been certified as Shariah-compliant by Masryef Advisory. Continue Reading Walton Global Debuts US Land Fund for International Investors
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Exclusive News
Western Governors University to Develop New HQ in Salt Lake City
“Salt Lake City and Utah are not only part of our origin story but also offer a unique foundation for advancing our mission,” said WGU President Scott Pulsipher. Continue Reading Western Governors University to Develop New HQ in Salt Lake City
Multifamily Housing Proposed at Former Brooklyn HQ Complex of the Jehovah’s Witnesses Organization
A rezoning application will require several review sessions involving Brooklyn Community Board 2, the Brooklyn borough president’s office, and the New York City Council. Continue Reading Multifamily Housing Proposed at Former Brooklyn HQ Complex of the Jehovah’s Witnesses Organization
New BOOSTzer.com Platform Offers Connections Between Cash Offer Investors and Home Sellers
The BOOSTzer platform will go live on April 1. Continue Reading New BOOSTzer.com Platform Offers Connections Between Cash Offer Investors and Home Sellers
Single-Family Housing Starts Down in January
“The single-family market has slowed as builders continue to deal with elevated construction costs while affordability conditions are a cause of concern for many potential home buyers,” said NAHB’s Bill Owens, Continue Reading Single-Family Housing Starts Down in January
Mortgage Rates Start Rising Again
The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. Continue Reading Mortgage Rates Start Rising Again
Senate Passes Bipartisan Housing Bill; Industry Leaders Offer Mixed Reaction
“It has been nearly two decades since Congress last enacted a sweeping, bipartisan housing law,” said NAR’s Shannon McGahn. Continue Reading Senate Passes Bipartisan Housing Bill; Industry Leaders Offer Mixed Reaction
Pass the Cheesecake, Rose! More People Over 65 Now Living in Roommate Settings
39% of roommate settings are multi-generational households, where the age difference between the oldest and youngest adult is 20 years or more. Continue Reading Pass the Cheesecake, Rose! More People Over 65 Now Living in Roommate Settings
Foreclosure Starts Surged by 14% Year-Over-Year
One in every 3,701 housing units had a foreclosure filing in February. Continue Reading Foreclosure Starts Surged by 14% Year-Over-Year
Oregon Real Estate Broker Pleads Guilty for Role in Illegal Marijuana Scheme
Tyra Foxx will be sentenced on May 11. Continue Reading Oregon Real Estate Broker Pleads Guilty for Role in Illegal Marijuana Scheme