U.S. Housing Market
NYC Mayor Mamdani Threatens 9.5% Property Tax Hike if State Rejects His Call for a New Wealth Tax
The proposed property tax would be the city’s first hike since the late 2000s. Continue Reading NYC Mayor Mamdani Threatens 9.5% Property Tax Hike if State Rejects His Call for a New Wealth Tax
Florida Dominated Top 10 List of January’s Most Expensive Home Sales
All of the 10 most expensive properties sold last month carried price tags of more than $29 million. Continue Reading Florida Dominated Top 10 List of January’s Most Expensive Home Sales
Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections
Judge David Jones said he was “satisfied” with Summit’s plan to mitigate the more than 6,500 housing code violations in Pinnacle’s portfolio. Continue Reading Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections
New Bipartisan Senate Bill Seeks to Fuel Housing Construction Near Transportation Hubs
The Build Housing, Unlock Benefits and Services (HUBS) Act is from Sens. John Curtis (R-UT) and Lisa Blunt Rochester (D-DE). Continue Reading New Bipartisan Senate Bill Seeks to Fuel Housing Construction Near Transportation Hubs
Toll Brothers Begins Home Sales at New Jacksonville Community
Homes are priced from the mid-$500,000s. Continue Reading Toll Brothers Begins Home Sales at New Jacksonville Community
Builder Confidence in Multifamily Market Down in Q1
“Construction costs, regulatory barriers and financing are the main headwinds right now,” said NAHB Debra Guerrero. Continue Reading Builder Confidence in Multifamily Market Down in Q1
Hilltop Residential Launches Multifamily Development Division
The company has appointed Eric Overton as managing partner of Hilltop Residential Development. Continue Reading Hilltop Residential Launches Multifamily Development Division
Second Home Mortgage Origination at 7-Year Low
Demand for vacation homes is falling fastest in Florida. Continue Reading Second Home Mortgage Origination at 7-Year Low
Mortgage Rates Remain Flat
Sam Khater, Freddie Mac’s chief economist, noted that “rates are lower and have remained stable for weeks.” Continue Reading Mortgage Rates Remain Flat
NAR: Q1 Home Prices Up in 83% of Metro Markets
“Most metro markets continue to set new record highs for home prices,” said NAR Chief Economist Lawrence Yun. Continue Reading NAR: Q1 Home Prices Up in 83% of Metro Markets
Q1 Home Equity Levels Down Slightly
The level of equity richness in homes was down in 47 states and the District of Columbia on a quarter-over-quarter basis. Continue Reading Q1 Home Equity Levels Down Slightly
Washington State Rent Cap Bill Signed into Law
The Rental Housing Association of Washington is considering legal action to challenge the new law. Continue Reading Washington State Rent Cap Bill Signed into Law
Active Listings in Washington, DC Metro Area Up 25.1% from Last Year
The median home sale price rose 4.1% year-over-year to $600,964 during the four weeks ending April 27. Continue Reading Active Listings in Washington, DC Metro Area Up 25.1% from Last Year
Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
72% of respondents said it is a bad time to buy a house and 26% say it is a good time. Continue Reading Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
Lennar Opens New 55+ Master-Planned Community in South Carolina
Pricing ranges from the mid $300,000s to low $600,000s. Continue Reading Lennar Opens New 55+ Master-Planned Community in South Carolina
