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When it comes to property taxes in commercial real estate world, New York City is the reigning champ
The Highest Commercial Property Taxes Are Found In …
When it comes to property taxes in commercial real estate world, New York City is the reigning champ. According to a new analysis released by COMMERCIALCafé, 19 of the 20 highest taxpaying buildings are found in the Big Apple.   Leading... Read more
Would-be homebuyers are most frequently deterred from pursuing the American Dream due to misperceptions about downpayments, according to a survey of mortgage professionals conducted by Genworth Mortgage Insurance.
Survey: Downpayment Confusion Keeps People From Homeownership
Would-be homebuyers are most frequently deterred from pursuing the American Dream due to misperceptions about downpayments, according to a survey of mortgage professionals conducted by Genworth Mortgage Insurance. In a poll of 150 industry... Read more
The grass may be greener in suburbia, but the rents are also much higher
Suburban Rental Prices Higher Than Urban Markets
The grass may be greener in suburbia, but the rents are also much higher.   According to new data from Zillow, the median monthly cost of a suburban rental rose by 2.5 percent on a year-over-year basis, compared to the 2.3 percent uptick... Read more
This year is poised to close with a 3.5 percent uptick in existing-home sales, according to a new forecast from Lawrence Yun, chief economist at the National Association of Realtors (NAR)
NAR Economist: Expect Strong Home Sales Despite Inventory Problems
This year is poised to close with a 3.5 percent uptick in existing-home sales, according to a new forecast from Lawrence Yun, chief economist at the National Association of Realtors (NAR).   Speaking at the trade group’s Legislative... Read more
The Appraisal Institute has released an updated research tool to assist appraisers and users of appraisal services in understanding market reactions to green and energy efficient homes
Appraisal Institute Upgrades Tool to Aid the Valuation of Green Home Features
The Appraisal Institute has released an updated research tool to assist appraisers and users of appraisal services in understanding market reactions to green and energy efficient homes. In updating the AI Reports Residential Green and... Read more
EY has announced that Brian K. Fitzpatrick, president and CEO of LoanLogics
LoanLogics President and CEO Fitzpatrick Entrepreneur of the Year Award Finalist
EY has announced that Brian K. Fitzpatrick, president and CEO of LoanLogics, is a finalist for the Entrepreneur of the Year 2017 Award in the Greater Philadelphia Region. The awards program, which is celebrating its 31st year, recognizes... Read more
Mortgage Rates Take a Slight Drop
Mortgage rates were on the decline, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending May 18.   The 30-year fixed-rate mortgage (FRM) averaged 4.02 percent, down from last week when it averaged 4.05... Read more
D.C. Council Considers Tax Credits for CDFI Investments
In view of the evaporation of affordable homeownership options in the nation’s capital, the District of Columbia Council is considering a bill that would provide tax credits to individuals or companies that invest in community development... Read more
The notion of a home as a money pit was reaffirmed in a new analysis from Zillow and Thumbtack
New Study Tracks the Hidden Costs in Home Selling
The notion of a home as a money pit was reaffirmed in a new analysis from Zillow and Thumbtack, which found homeowners spend $15,190 on average in extra or hidden costs associated with selling their property.   According to the companies,... Read more
Home loans for purchases continued to dominate the mortgage market in April, according to new data from Ellie Mae
Ellie Mae: Purchase Market Reigns Over Refinances
Home loans for purchases continued to dominate the mortgage market in April, according to new data from Ellie Mae.   In the latest Origination Insight Report issued by the Pleasanton, Calif.-based company, home loans for purchase... Read more