Real Estate News & Insights
Gov. DeSantis: ‘Age-Specific Property Tax Relief is a Non-Starter’
“Making homestead properties tax-free would be a major boon to young families who will be better able to make ends meet,” he said. Continue Reading Gov. DeSantis: ‘Age-Specific Property Tax Relief is a Non-Starter’
ARH Global Advisors Launches Real Estate Brokerage Division Serving NYC and Beverly Hills
The company will provide full-service brokerage operations with a specialized emphasis on probate and trust real estate, luxury residential sales, and strategic commercial acquisitions. Continue Reading ARH Global Advisors Launches Real Estate Brokerage Division Serving NYC and Beverly Hills
Fannie Mae Home Purchase Sentiment Index Inches Up Slightly
The index is still near its historical low. Continue Reading Fannie Mae Home Purchase Sentiment Index Inches Up Slightly
Zillow: People of Color Pay Higher Upfront Costs on Rental Housing
Zillow also reported people of color were paying more on security deposits for their rental housing. Continue Reading Zillow: People of Color Pay Higher Upfront Costs on Rental Housing
Homepoint Sells Wholesale Business to The Loan Store
Homepoint will hold an equity interest in The Loan Store. Continue Reading Homepoint Sells Wholesale Business to The Loan Store
NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications
The Times did not include any input from mortgage professionals in its coverage. Continue Reading NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications
Spotlight On: Thomas Ferrier and Tommie Mac Inc.
“We want to change the way homeowners are able to access the equity in their home,” said Thomas Ferrier. Continue Reading Spotlight On: Thomas Ferrier and Tommie Mac Inc.
New York City Leads Nation in Property Taxes
The only major metro where property taxes are lower than $1,000 a year is Birmingham. Continue Reading New York City Leads Nation in Property Taxes
California Homeownership Affordability Continues to Evaporate
A minimum annual income of $186,800 was needed to qualify for the purchase of a $822,320 statewide median-priced, existing single-family home in 2022. Continue Reading California Homeownership Affordability Continues to Evaporate
Production Profits Plummet for Independent Mortgage Banks
“For the first time since the inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points,” said MBA’s Marina Walsh. Continue Reading Production Profits Plummet for Independent Mortgage Banks
$339.8 Billion Collected in U.S. Single-Family Home Property Taxes in 2022
The states with the highest effective property tax rates in 2022 were New Jersey (1.79%), Illinois (1.78%), Connecticut (1.57%), Vermont (1.43%) and Nebraska (1.36%). Continue Reading $339.8 Billion Collected in U.S. Single-Family Home Property Taxes in 2022
Will Continued Financial Stress on Americans Drive Down Home Sales?
A study published in February by PYMNTS determined that 62% of American adults are living a paycheck-to-paycheck existence. Continue Reading Will Continued Financial Stress on Americans Drive Down Home Sales?
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