U.S. Housing Market
Greystar in $7 Million Settlement with 9 States Over Use of Rent-Setting Algorithmic Software
“Colluding to drive up prices is illegal,” said California Attorney General Rob Bonta. Continue Reading Greystar in $7 Million Settlement with 9 States Over Use of Rent-Setting Algorithmic Software
Florida Home Sales Rise While Prices Decline
The statewide median sales price for single-family existing homes in October was $411,105, down 0.9% compared to one year ago. Continue Reading Florida Home Sales Rise While Prices Decline
Kentucky Reduces State’s Property Tax Rate for Fifth Straight Year
The real state real property tax rate has been reduced from 10.9 cents to 10.6 cents per $100 assessed value. Continue Reading Kentucky Reduces State’s Property Tax Rate for Fifth Straight Year
New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales
The new bill applies only to individuals selling their primary residence and does not apply to home flippers or real estate investors. Continue Reading New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales
HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals
HUD said this endeavor “exemplified government overreach.” Continue Reading HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals
HUD and State of Louisiana Reach Agreement to Free 3,300 Louisianans from Road Home Repayment Obligations
HUD Secretary Marcia L. Fudge was in New Orleans, Louisiana last week to announce the closure of the Road Home program, which she said will free 3,300 Louisianans from repayment obligations. With the State’s compliance with HUD’s corrective action, the State will...
Tennessee Housing Association Launches Virtual Marketplace for Manufactured Housing
The Tennessee Housing Association (THA) has launched an online virtual marketplace of factory-built homes available in Tennessee. The consumer platform allows Tennessee homebuyers to browse, select, tour, and shop Tennessee manufactured homes and modular homes for...
Sales of New York Real Estate Down in January, But Prices Up Slightly
The median closed sales price for real estate sold in the region from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains increased by 0.90% in January to $575,000, up from $570,000 in December 2022, according to OneKey MLS. Between...
Fewer people are taking out mortgages as interest rates increase
Source: Local News 8 --- Fewer people are taking out mortgages as interest rates increase Americans are taking out fewer mortgage loans as interest rates increase, a reflection of buyer uncertainty amid rising inflation, higher interest rates, and concerns about...
In this volatile housing market, here’s how to know when the bottom is in
Source: CNBC --- Chicago realtor Jeremy Fisher headed to Florida after Christmas counting on five mostly-relaxed weeks, after a slow second half of 2022 left him with a bunch of unsold listings exiting the year. Instead, the Compass broker ended up flying back to the...
Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the Hook
Source: Wolf Street --- Mortgage balances ballooned because home prices ballooned in recent years, requiring more debt to finance the same home, and so mortgage balances in Q4 rose 2.2%, or by $253 billion, from the prior quarter, and by 9%, or by $1 trillion, from a...
In this volatile housing market, here’s how to know when the bottom is in
Source: CNBC --- Chicago realtor Jeremy Fisher headed to Florida after Christmas counting on five mostly-relaxed weeks, after a slow second half of 2022 left him with a bunch of unsold listings exiting the year. Instead, the Compass broker ended up flying back to the...
Newmark Joins Rival Colliers in Expecting Real Estate Sales Declines Until Second Half of 2023
Source: CoStar --- Newmark executives said they expect property sales and financing placements to decline further in the first half of 2023 after a slow end to last year. The New York-based firm, the second major brokerage to post quarterly financial results this...
Housing market stabilizes as new home construction adds to inventory
Source: Fort Worth Report --- Price increases abating? Home inventory up? It all sounds good to many Fort Worth area Realtors, who are ready for a more stable housing market. ““We just finished going through a crazy 18 months or so where we had less than three...
Gangster Moll’s Beverly Hills Mansion Listed for Sale
Is it easier to sell luxury homes if they were once homes to infamous residents? What if they were murdered there? One real estate broker in Beverly Hills is about to find out. The home in question was not actually owned by Gangster Benjamin “Bugsy” Siegel, but...
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