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Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules
The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
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%
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RentRedi Debuts Late Rent Report, Alerting Landlords to Tardy Tenants
Late Rent Report was inspired by landlords who asked for better visibility into rent payments. Continue Reading RentRedi Debuts Late Rent Report, Alerting Landlords to Tardy Tenants
Preservation of Affordable Housing to Start First Development in Maine
The Maine State Housing Authority is providing 4% Low Income Housing Tax Credits, along with low-cost construction and permanent loans. Continue Reading Preservation of Affordable Housing to Start First Development in Maine
The Agency Opens First Office in the Florida Keys
This marks the brokerage’s seventh office in Florida. Continue Reading The Agency Opens First Office in the Florida Keys
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
The 30-year fixed-rate mortgage averaged 6.89% as of May 29. Continue Reading Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
Trump Meets with Powell at the White House
Trump, who has been highly critical of Powell’s leadership of the Fed, did not immediately comment on the meeting. Continue Reading Trump Meets with Powell at the White House
Tacoma Attorney Pleads Guilty to Fraud Tied to Client’s Reverse Mortgage
Prosecutors will recommend Colby Parks serve no more than 33 months in prison when he is sentenced on Aug. 29. Continue Reading Tacoma Attorney Pleads Guilty to Fraud Tied to Client’s Reverse Mortgage
New Forecast Warns of Double-Digit Collapse in Dubai’s Real Estate Prices
Real estate is an important aspect of Dubai’s economy, with $207.22 billion in transactions last year. Continue Reading New Forecast Warns of Double-Digit Collapse in Dubai’s Real Estate Prices
New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
This endeavor will impact the property record management for 370,000 property deeds representing roughly $240 billion worth of real estate in 70 municipalities. Continue Reading New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
Ethan Penner, Father of the CMBS, Weighs Bid for California Governor
Penner is critical of Gov. Gavin Newsom, particularly in his handling of the Los Angeles County wildfires. Continue Reading Ethan Penner, Father of the CMBS, Weighs Bid for California Governor
Pending Home Sales Down 6.3% in April
All four regions recorded a month-over-month loss in transactions. Continue Reading Pending Home Sales Down 6.3% in April
Data Reports Affirm Housing Supply Outpaces Demands
“The balance of power in the US housing market has shifted toward buyers,” said Redfin Senior Economist Asad Khan. Continue Reading Data Reports Affirm Housing Supply Outpaces Demands
South Dakota Businessman Pledges to End Property Taxes in Run for Governor
Toby Doeden is seeking the Republican nomination in the 2026 race. Continue Reading South Dakota Businessman Pledges to End Property Taxes in Run for Governor
Missouri to Hold Special Legislative Session on Funding Kansas City’s Stadiums
The special session begins June 2. Continue Reading Missouri to Hold Special Legislative Session on Funding Kansas City’s Stadiums
