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Cash-rich states create ‘competitive environment’ with flurry of tax cuts
Source: CNBC --- There’s been a wave of state-level tax cuts spurred by budget surpluses, and more breaks may be coming, according to policy experts. “States have a lot of revenue on hand and they are looking to return it to taxpayers,” said Katherine Loughead, senior...
Yahoo Finance Video Housing market: Millennials bypass starter homes for dream homes
Source: Finance Yahoo --- Yahoo Finance's Vera Gibbons joins the Live show to discuss the real estate market amid the unexpected house hunting competition among younger buyers. AKIKO FUJITA: Well, record low inventory has sparked bidding wars for homes in some of the...
5 implications the omnibus spending bill has for mortgages
Source: National Mortgage News --- The $1.5 trillion omnibus spending bill President Biden was expected to sign at deadline Friday promises to bring relief to the single- and multifamily mortgage markets by heading off several threats to operations supporting the...
The Pros and Cons of Buying a Tenant-Occupied Apartment
Source: The New York Times --- Q: We are considering buying a tenant-occupied apartment in a condo. The tenant has lived there since August 2019, and the market-rate lease will expire in four months. The seller’s agent said they could deliver the apartment vacant, but...
NYC luxury real estate market sees influx of Russian sellers liquidating fast ahead of possible US sanctions
Source: Fox Business --- New York City real estate agents have been inundated with Russian clients looking to privately sell off multimillion-dollar properties through so-called "whisper listings" in a rush to liquidate assets amid fears more U.S. sanctions will come...
Colleges Cash In on Real Estate
Source: Inside Highered --- A real estate bubble is enveloping many parts of the United States—and colleges are cashing in before it pops. Gwynedd Mercy University in Pennsylvania recently sold a 154-acre property for more than twice what it paid for the land three...
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 3-7- NYC Homeowners Sue to Delay Mamdani’s Pied-à-Terre Tax Rollout
- Historic Maine Home Available for $1, Albeit with a Catch
- Arkansas Man Sentenced for Trying to Sell Property He Didn’t Own
- Sen. Elizabeth Warren Questions Compass and MRED Over Private Listings Plan…
