Real Estate News & Insights
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%
Report: Refinance Retention at 3.5-Year High
Non-banks retained refinancing borrowers at roughly three times the rate of banks (35% versus 13%). Continue Reading Report: Refinance Retention at 3.5-Year High
Foreclosure Inventory Hits 15-Month Low
Among the states, Mississippi had the highest non-current percentage at 7.65% and Colorado had the lowest with 1.95%. Continue Reading Foreclosure Inventory Hits 15-Month Low
FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives
The funding will result in the creation, rehabilitation or preservation of 2,693 units, including 1,945 units dedicated to very low-income housing. Continue Reading FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives
Jason Geer Joins CAF Capital Partners as SVP of Acquisitions
In his new job, Geer will center on driving the company’s expansion efforts in the Southeastern region. Continue Reading Jason Geer Joins CAF Capital Partners as SVP of Acquisitions
Real Estate Attorney Sean Thorsen Joins Seward & Kissel
Thorsen previously practiced with a real estate finance group at both DLA Piper LLP and McDermott Will & Emery LLP. Continue Reading Real Estate Attorney Sean Thorsen Joins Seward & Kissel
Nomura Fined $35 Million Over RMBS Fraud Scheme
The scheme mostly occurred on the company’s trading floor in New York City. Continue Reading Nomura Fined $35 Million Over RMBS Fraud Scheme
Alabama Home Sales and Prices Declined in July
Alabama had 12,259 active listings at the end of July, up 9% from the 11,244 one year ago. Continue Reading Alabama Home Sales and Prices Declined in July
Existing Home Sales Down 16.6% From Last Year
The median existing-home price for all housing types in July was $406,700, an increase of 1.9% from the $399,000 one year earlier. Continue Reading Existing Home Sales Down 16.6% From Last Year
Texas Metros Top New Study for Best Real Estate Markets
The WalletHub study ranked five Lone Star localities among its top 10 markets. Continue Reading Texas Metros Top New Study for Best Real Estate Markets
MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume
The states with the lowest share of loans that were current were Louisiana, Mississippi, Indiana, New York, and West Virginia. Continue Reading MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume
Mill Creek Residential Expands Into Utah Market
Mill Creek’s regional office in Salt Lake City is the 21st for the company. Continue Reading Mill Creek Residential Expands Into Utah Market














