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New York State Raises Property Tax Exemption for Seniors to 65%
Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer income-eligible seniors. Continue Reading New York State Raises Property Tax Exemption for Seniors to 65%
New York State Raises Property Tax Exemption for Seniors to 65%
Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer income-eligible seniors. Continue Reading New York State Raises Property Tax Exemption for Seniors to 65%
NYC Rents Soared in Month Before Mamdani’s Election
New York City’s rents continued to soar in the month before Democratic Socialist Zohran Mamdani was elected mayor. According to new data from Miller Samuel Inc. and Douglas Elliman, the median rent for all new Manhattan apartment leases in October was $4,600, up by...
California Realtors Back Assumable Mortgage Idea
The California Association of Realtors (CAR) voiced its support of enabling homebuyers to assume Fannie Mae and Freddie Mac-backed fixed-rate mortgages. Bill Pulte, the director of the Federal Housing Finance Agency, used his personal X account last week to declare...
Feds Seize Over $1 Million in Cryptocurrency from Real Estate Fraud Scheme
The federal government has seized and forfeited approximately $1.18 million in cryptocurrency, which was recently liquidated into US dollars, tied to a real estate fraud scheme. The case was launched with civil complaint in April 2023 by a real estate agent and...
NEWS & CURRENT EVENTS
Share of First-Time Homebuyers at Record Low
NAR determined the median time in the home before selling was 11 years, an all-time high. Continue Reading Share of First-Time Homebuyers at Record Low
HUD Secretary Turner Tells Senate Democrats to ‘Stop the Political Games’ and Reopen the Government
Turner added the American people were “depending on us.” Continue Reading HUD Secretary Turner Tells Senate Democrats to ‘Stop the Political Games’ and Reopen the Government
Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
This is the first purchase for Advanced’s new Opportunity Fund (Advanced Fund 24-3). Continue Reading Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
NewDay USA said this new product will allow veterans to “compete like cash buyers and close in as few as 15 days.” Continue Reading NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
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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.
Federal Reserve Drama: Cook Sues Trump, Pulte Claims NY Times is Writing a ‘Hit Piece’ About Him
While Cook was in District Court, Pulte was in the court of public opinion. Continue Reading Federal Reserve Drama: Cook Sues Trump, Pulte Claims NY Times is Writing a ‘Hit Piece’ About Him
Pending Home Sales Down 0.4% in July
NAR added that its Realtors Confidence Index survey in July found 16% of its members expecting an increase in buyer traffic over the next three months. Continue Reading Pending Home Sales Down 0.4% in July
Houston Astros File Lawsuit to Block Property Taxes on Stadium
The team claims Harris County “has no authority beyond what is conferred by the Texas Constitution or statute.” Continue Reading Houston Astros File Lawsuit to Block Property Taxes on Stadium
Bright MLS Joins Georgia and Florida Listing Services in Data Sharing Partnership
In this partnership, subscribers in the three services will not need separate logins or memberships to access each other’s listings. Continue Reading Bright MLS Joins Georgia and Florida Listing Services in Data Sharing Partnership
Equity Union Real Estate Begins Sales at Luxury LA Condo Complex
Pricing ranges from $975,000 to $2.8 million. Continue Reading Equity Union Real Estate Begins Sales at Luxury LA Condo Complex
Gov. DeSantis Pledges to Slash or Eliminate Florida’s Property Taxes
“I think that property taxes have pinched a lot of people, and I think we got to do something about it,” DeSantis said. Continue Reading Gov. DeSantis Pledges to Slash or Eliminate Florida’s Property Taxes
Memphis, Detroit, and Baltimore Top List of Cities with Highest Crime Rates
Washington, DC, placed tenth on the FBI’s list. Continue Reading Memphis, Detroit, and Baltimore Top List of Cities with Highest Crime Rates
Survey: More Than Half of Canadians Who Own US Homes Plan to Sell Within Next Year
Nearly two-thirds (62%) of those potential Canadian sellers blamed Trump administration trade policies with Canada as the reason for their departure. Continue Reading Survey: More Than Half of Canadians Who Own US Homes Plan to Sell Within Next Year
Jeff Kellmas Named Director of Leasing at First National Realty Partners
Kellams was most recently as vice president of Leasing at Washington Prime Group. Continue Reading Jeff Kellmas Named Director of Leasing at First National Realty Partners
Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers
By the end of July, the total number of home sellers was 1.95 million, down from a peak of 1.96 million in May. Continue Reading Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers
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Weekly Real Estate News covers the U.S. real estate and home finance industries and is written for industry professionals. It includes weekly news, trends, analysis and profiles of industry leaders. The publication reaches 1.25 million real estate professionals and offers an unbiased look at the industry’s most important issues. The publication offers subscribers frequent email newsletters and breaking news stories as well as access to the industry’s most experienced thought leaders.
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