A new chairman at the Federal Reserve, a new real estate tax to bite Big Apple homebuyers, and London’s most famous rooftop will open to the public. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 11-15. Hit: A New...
New York City Mayor Zohran Mamdani is reportedly planning to drop his controversial plan to close the $5.4 billion municipal budget deficit by raising property taxes. WNBC is reporting the mayor’s scheduled budget presentation for later today will include other...
Hedge fund executive Ken Griffin announced he is meeting with New York Gov. Kathy Hochul on Thursday after New York City Mayor Zohran Mamdani singled him out while advocating for a new tax on luxury real estate. Reuters reports Griffin, the founder and CEO of Citadel...
A “pied-à-terre tax” aimed at New York City’s wealthiest property owners, the Wall Street Journal slams home builders, and a Massachusetts town rejects a 50% property tax hike. From the wild and wooly world of real estate, here are our Hits and Misses for the week of...
New York City Mayor Zohran Mamdani is threatening to raise property taxes by 9.5% unless the state government agrees to his demand to raise taxes on the city’s wealthiest residents. Property taxes are the city’s largest revenue source, and the mayor does not require...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
