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"Turns out, the building isn’t as old as they thought it was, making it not 'technically' protected by the historic board rules," says Ruelens. "But that wasn’t exposed during the court cases." After this discovery, Ruelens believed she had a case to appeal her property taxes. How her annual tax bill went from $13,000 to $8,500: https://rltor.cm/05azre
New listings saw yet another increase of 8.2% last week compared to the same period in May 2024, suggesting that the late spring selling market remains robust. “With more fresh inventory hitting the market, buyers have better opportunities to find a home that fits their needs—even amid ongoing economic challenges,” says Xu. More good news for buyers: https://rltor.cm/b8yioo
Mortgage applications have decreased for the third consecutive week, dropping 3.9% from a week earlier, according to the Mortgage Bankers Association. The slide comes as mortgage rates saw another increase to 6.89% for the week ending May 29, according to Freddie Mac. The increase was fueled by rising 10-year Treasury yields after President Donald Trump supported a proposal to list the government-backed Freddie Mac and Fannie Mae on the stock exchange. Full story: https://www.realtor.com/news/real-estate-news/mortgage-applications-apply-for-loan-june-4-2025/
California buyers have flocked to Montana in recent years, snapping up vacation homes and mountain retreats across Big Sky Country. Today, they collectively own more than $9.5 billion in Montana residential property—more than 5% of the state’s taxable real estate market. But their tax contributions haven’t kept pace. In the most recent tax year, Californians accounted for just 3.54% of the state’s residential property tax revenue. That imbalance is now at the heart of one of the most sweeping property tax reforms in Montana history. A new law aims to ease the burden on full-time residents by shifting more of the tax load onto second-home owners—especially those with high-value properties: https://rltor.cm/cogxr5
Coastal communities are preparing for the rush of visitors—and that's a bonus for businesses and property owners who rely on short-term rentals. Here’s a look at the most expensive coastal resort towns where rental prices surge over the summer months: https://rltor.cm/djgx6b
The passing of the law raises the possibility that, come next year, Floridians would be able to use gold or silver coins for a down payment on a home, or even conduct the entire homebuying transaction with bullion, or at least with its value. So, how much gold and silver would it take to purchase the typical single-family abode in Florida, and how would it work in practice? Full story: https://rltor.cm/73wu49
It might be more difficult than ever for young people to keep their American dream alive by buying a home, but that isn't stopping the under-35 set from snapping up houses in Minnesota. The Land of 10,000 Lakes is the only state in the union where the homeownership rate for Gen Z and younger millennials is more than 50%, says a new study by property management company Evernest: https://rltor.cm/cffqhh
Good news for homebuyers: price cuts are on the rise. In May, 19.1% of all homes for sale had a reduced price marking the fifth straight month of growing price drops, with discounted listings now twice as common in the South and West compared to the Northeast. 📉See if prices are dropping in your city: https://rltor.cm/uzamq5
From 2014 to 2024, Scottsdale's millionaire demographic surged by a staggering 125%, mainly driven by the city's rapidly expanding tech sector, according to the USA Wealth Report 2025, released in May by investment consulting firm Henley & Partners. This city is the fastest growing hotspot for millionaires: https://rltor.cm/i2ry31
The life of luxury is in the numbers—and across the U.S., a ZIP code defines the most affluent towns. Whether living along the coast or in the Midwest, there is always a tony neighborhood that defines wealth. The trend among the most expensive homes is all about location. 📝 See the most expensive zip codes: https://rltor.cm/55v4e0