NAREB affordable homeownership bus tour targets Black homeownership gap

The National Association of Real Estate Brokers (NAREB) has launched an eight-city Affordable Homeownership Bus Tour aimed at closing the Black homeownership gap by bringing housing education, lending resources and policy conversations directly into local communities. The tour, led by NAREB President Ashley Thomas III, will visit Philadelphia; Baltimore; Detroit; Gary, Indiana; Kansas City, Missouri;...

U.S. Property Taxes Near $400 Billion in 2025

Falling Home Values Fail to Ease Tax Burden A slight cooling in U.S. home prices did little to relieve pressure on homeowners in 2025, as property taxes climbed to nearly $400 billion and effective tax rates reached their highest level in five years, underscoring the growing disconnect between market values and local tax burdens. New figures from ATTOM show that local governments levied $396.8 billion in...

Will new tax on ultra-luxury NYC homes derail red-hot demand?

New York Governor Kathy Hochul is reversing course and throwing support behind a proposed annual tax on high-end second homes in New York City. Hochul, who had previously resisted the measure, now says affluent property owners — particularly those with multimillion-dollar second homes — should help shoulder the burden of growing revenue gaps. The proposed “pied-à-terre” tax would apply to...

U.S. Home Sellers Cut Prices at Record Rate as Buyer Leverage Expands

More than one-third of U.S. home sellers reduced their asking prices in February 2026, the highest share for the month in more than a decade, underscoring a housing market increasingly tilted in favor of buyers, according to data from brokerage Redfin. A total of 34.2% of sellers lowered their list price during the month, up from 31.5% a year earlier and the highest February share in records dating back to...

U.S. Home Sellers Cut Prices at Record Rate as Buyer Leverage Expands

More than one-third of U.S. home sellers reduced their asking prices in February 2026, the highest share for the month in more than a decade, underscoring a housing market increasingly tilted in favor of buyers, according to data from brokerage Redfin. A total of 34.2% of sellers lowered their list price during the month, up from 31.5% a year earlier and the highest February share in records dating back to...

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