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Housing trends may come and go, but owning a home within easy walking or driving distance to the beach never loses its appeal—a fact that did not go unnoticed by savvy real estate investors last year. Five popular oceanside destinations stood out for attracting the most speculators in 2024. And all were clustered along the coasts of California and Florida, according to the latest Realtor.com® Investor Report released this week: https://rltor.cm/5u61ln

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

Home sellers with unrealistic price expectations are setting themselves up for pain in a softening market that increasingly favors buyers, warn housing market experts. Nationally, the share of home listings with price reductions hit another multiyear high in April, indicating that sellers are increasingly overestimating what their house will fetch in the current market. 🗞️ What this means for buyers and sellers: https://rltor.cm/4rxwf6

Walter and Debbie Priebe thought they were doing the right thing. Their home in Pompano Beach, FL—which they purchased in 2002 from Walter’s father—needed serious repairs. The walls were infested with termites. The roof was failing. Debbie, who had worked for a real estate attorney for nearly 25 years, anticipated that their property taxes might increase. But when the final tax bill arrived in 2023 after construction was complete, their taxes had skyrocketed from $15,000 a year to more than $90,000—six times their previous bill. 🗞️ Full story: https://rltor.cm/k4n0gf The best time to sell is now—find out what your home’s worth: https://rltor.cm/besttimetosell

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

"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

Sellers might need to realize there's a good reason for not getting their asking price, because the trade-off could be beneficial. Full story: https://rltor.cm/q63j0e

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/

The president's decision to double the tariffs places uncertainty on the housing industry, which is already seeing a slow spring selling season, as more listings sit on the market longer. "Economic uncertainty continues to cast a shadow over both consumer and builder sentiment," said Hannah Jones, senior economic research analyst at Realtor.com®. "New-construction activity has already slowed down considerably as builders brace for higher prices and subdued buyer demand." More: https://rltor.cm/9ubip5