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
NYC Rents Soared in Month Before Mamdani’s Election
In Manhattan’s luxury real estate market, median prices reached $11,995, a 20% year-over-year spike. Continue Reading NYC Rents Soared in Month Before Mamdani’s Election
California Realtors Back Assumable Mortgage Idea
“Assumable loans could play a key role in unlocking housing opportunities for buyers,” said the organization. Continue Reading California Realtors Back Assumable Mortgage Idea
Former NYC Home of Lena Horne Listed for $1.2 Million
The 2,276-square-foot Tudor-Style house in the Addisleigh Park section of the St. Albans neighborhood in Queens was built in 1935 and includes six bedrooms and two-and-a-half bathrooms. Continue Reading Former NYC Home of Lena Horne Listed for $1.2 Million
Gannett Teams with Home Solutions on Media Endeavor Aimed at Homeowners
The companies will debut a dedicated home services-focused section titled “Homefront” on the USA Today website. Continue Reading Gannett Teams with Home Solutions on Media Endeavor Aimed at Homeowners
NAR: The Average Homebuyer Has a Six-Digit Household Income
The overwhelming number of buyers were White (81%), compared to Hispanics (7%), Black (7%) and Asian (6%). Continue Reading NAR: The Average Homebuyer Has a Six-Digit Household Income
New Jersey Father and Son Indicted in House Flipping Investor Scam
“These defendants allegedly defrauded investors and mortgage lenders for personal gain,” said New Jersey Attorney General Matthew J. Platkin. Continue Reading New Jersey Father and Son Indicted in House Flipping Investor Scam
Housing Affordability Index Crashes to Record Low
For the 12th straight quarter, California’s Los Angeles-Long Beach-Glendale metro was the nation’s least affordable major housing market. Continue Reading Housing Affordability Index Crashes to Record Low
FHA Seeks Input on Proposed HECM Program Update
The new proposal would enable certain categories of due and payable HECMs that were previously ineligible for assignment to be assigned to HUD. Continue Reading FHA Seeks Input on Proposed HECM Program Update
Stephen Sondheim’s Connecticut Estate Listed at $3.25 Million
The late composer’s Manhattan townhome was listed in July. Continue Reading Stephen Sondheim’s Connecticut Estate Listed at $3.25 Million
Hits and Misses for the Real Estate Week of Nov. 6-10
This week’s Hits and Misses considers the Green New Deal’s impact on home building, a proposed expansion of FHLBank membership, and a historic church’s demise. Continue Reading Hits and Misses for the Real Estate Week of Nov. 6-10
NAR Slapped with New Antitrust Lawsuit
The lawsuit mirrors a similar lawsuit from Missouri that ended with a nearly $1.8 billion judgment against NAR. Continue Reading NAR Slapped with New Antitrust Lawsuit
California’s Housing Affordability Drops to 16-Year Low
A minimum annual income of $221,200 was needed to qualify for the purchase of a $843,600 statewide median-priced, existing single-family home. Continue Reading California’s Housing Affordability Drops to 16-Year Low
Robin Williams’ San Francisco Home Listed for $25 Million
Williams and his second wife lived at the property from the early 1990s through 2010. Continue Reading Robin Williams’ San Francisco Home Listed for $25 Million
