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Sellers Retreat from the Market, Increasing Inventory Shortage and Buoying Home Prices; Affordability Takes Step Back on Rising Interest Rates
Black Knight, Inc.'s Data & Analytics division released its latest Mortgage Monitor Report, based on the company's mortgage, real estate, and public records datasets. With both supply and demand in the housing market being impacted by a volatile interest rate...
The 1031 Exchange Tax Deduction That Home Sellers and Real Estate Investors Have Been Using for Decades is at Risk of Being Sunset
In the president's budget plan for 2024, Biden is calling for an end to what the IRS calls a like-kind exchange, or a 1031 exchange, as it is commonly known among real estate professionals. The strategy allows sellers to postpone paying taxes on any capital gains — or...
Trump Considering a Housing Emergency Declaration
Treasury Secretary Bessent stated the declaration could occur as early as this fall. Continue Reading Trump Considering a Housing Emergency Declaration
HUD Cracks Down on Illegal Immigrants in Public Housing
“HUD will leverage all available enforcement actions against entities who do not comply with the request for citizenship information,” said Secretary Scott Turner. Continue Reading HUD Cracks Down on Illegal Immigrants in Public Housing
UAE Developer RAK Properties to Accept Crypto Payments on Property Purchases
Clients can now buy property in the Ras Al Khaimah real estate market using major digital assets like USDT, BTC, ETH, and more. Continue Reading UAE Developer RAK Properties to Accept Crypto Payments on Property Purchases
Hits and Misses for the Real Estate Week of Aug. 25-29
A fight over the Fed, an upcoming exodus of Canadians returning going home, and a growing wave of property tax reform efforts. Continue Reading Hits and Misses for the Real Estate Week of Aug. 25-29
Las Vegas Housing Inventory Up 31% from Last Year
The typical Las Vegas home sold for $445,000 last month, down 1% from July 2024. Continue Reading Las Vegas Housing Inventory Up 31% from Last Year
Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
“You could demonstrate an actual commitment to improving the everyday lives of the American people,” the senators said. Continue Reading Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
Saudi Arabia Launches First RMBS
Saudi Arabia is also the first Gulf nation to embark in an RMBS offering. Continue Reading Saudi Arabia Launches First RMBS
San Francisco Offers Squatters $5,000 Airbnb Gift Cards to Leave Public Housing Complex
The distribution of the gift cards has been erratic, with only some of the squatters receiving them. Continue Reading San Francisco Offers Squatters $5,000 Airbnb Gift Cards to Leave Public Housing Complex
Federal Reserve Drama: Wall Street Journal Slams Pulte on GSE Mortgage Fraud Efforts; Second Criminal Referral Against Cook
Pulte announcing a second criminal referral against Cook on his personal X account. Continue Reading Federal Reserve Drama: Wall Street Journal Slams Pulte on GSE Mortgage Fraud Efforts; Second Criminal Referral Against Cook
Long Island Real Estate Attorney Sentenced on Larceny Charges
Daniel Boldi entered guilty pleas last October to 13 counts of grand larceny in the second degree and one count of scheme to defraud in the first degree. Continue Reading Long Island Real Estate Attorney Sentenced on Larceny Charges
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