A new law going into effect this summer in Washington aims to address the state’s housing supply woes. The legislation lifts zoning restrictions to allow for more multifamily development and comes as the median single-family home price in the Seattle area set a new record by exceeding $1 million. H.B. 1110 was passed in 2023 […]
Following the revelation this week that Republican lawmakers in the House of Representatives added an amendment to a bill that would authorize the sale of thousands of acres of federal land in Nevada and Utah, a Democratic senator has called foul on the nature of the effort. Sen. Catherine Cortez Masto (D-Nev.) lambasted the amendment […]
Older homeowners living on a fixed income have a higher chance of seeing their finances destabilized by rising costs, and that can be particularly true of something like property taxes. For homeowners who have either a forward or reverse mortgage on their home, these costs also must be paid in order to keep the loan […]
As homelessness continues to rise nationwide, one nonprofit is pushing for a paradigm shift. DignityMoves, a San Francisco-based organization, has been leading the charge for what its founder and CEO Elizabeth Funk calls “interim supportive housing.” These cost-effective tiny home communities aim to help individuals stabilize their lives while waiting for permanent housing options that […]
The communities engulfed in the Los Angeles-area wildfires continue to recover and pick up the pieces. And representatives of Los Angeles County have signaled they want to provide specific guidance for impacted reverse mortgage borrowers to navigate issues that arise with these loans in disaster areas. The county’s Aging and Disabilities Department will host a […]
It’s probably too early to get excited, but several lenders reported that mortgage demand climbed to 2022 levels this week. After months of hovering in the high 6% range—and most recently dipping to 6.84%— declining mortgage rates may finally be luring buyers back. Applications rose 11% last week, according to the Mortgage Bankers Association (MBA), […]
Thousands of Minnesota residents who lost homes over property taxes may now be eligible for compensation, following a landmark U.S. Supreme Court ruling and a resulting $109 million class-action settlement fund. The case began with Geraldine Tyler, a 94-year-old Minneapolis woman who owed $15,000 in property taxes on her condominium. In response, Hennepin County, Minnesota, […]
eXp Realty has launched a new land and ranch division to serve real estate agents who specialize in rural, agricultural and recreational properties, the company announced this week. The new division is designed to support agents working in a growing sector of the housing market with tools tailored to land and ranch transactions. “Our launch […]
Suburbs across Melbourne’s leafy east have been earmarked as the city’s best bet for first-home buyers open to an apartment. Melbourne first-home buyers have been given a hit list of the best places for them to make a move as the city’s auction market fires up again after the election. They’ve also been warned that […]
The buyer of a $15m penthouse in a rare Darlinghurst development has just sold his inner-city warehouse for a record price. The doctor who just sold his inner-city warehouse for a suburb record-breaking price has emerged as an off-the-plan buyer of a luxury $15m penthouse. Dr Andrew Goy recently achieved $12.4m for designer Stephen Collins’s […]
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