State legislatures fighting against property taxes, a California restaurant chain closing eateries and a stock market for Texas. From the wild and wooly world of real estate, here are the Hits and Misses for the week of June 3-7. Hit: Saying No to New Taxes. The...
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index (HPSI) sank to an all-time low in May with a 2.5-point drop to 69.4. Last month, only 14% of consumers polled for the survey felt this is a good time to buy a home, down from 20% in the previous month, while...
Most homebuyers do not shop around when considering a mortgage, according to a new data study from LendingTree (NASDAQ:TREE). In a survey of 2,001 U.S. consumers, over half of the respondents (54%) who took out a mortgage for their most recent home purchase only got...
Real estate investors purchased approximately 44,000 homes during the first quarter, up 0.5% from one year ago, according to new data from Redfin (NASDAQ: RDFN). And while the uptick is relatively mild, it marks the first increase since the second quarter of 2022....
High-profile real estate investor Grant Cardone is taking President Biden to task for his proposed tax credit for first-time homebuyers. In an X posting, Cardone questioned the logic behind the $5,000 tax credit for two years, arguing that it is near-worthless in...
Massachusetts High Court Upholds Transit-Zoning Mandate for 177 Communities
