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Council Member Susan Zhuang introduced a resolution this week that would eliminate property taxes entirely for qualifying senior homeowners in New York City, expanding the current program that still requires them to pay half their bill.
Tacoma ranked #1 and Seattle #2 nationwide for the share of listings with recent price cuts, as the Puget Sound housing market shifts decisively toward buyers this summer.
Nearly 28% of Tacoma listings and 24.5% of Seattle listings received price cuts in the past month, topping the nation as inventory surges and buyers gain leverage in the Puget Sound market.
New Jersey began mailing confirmation letters this week to more than 1 million residents who will automatically receive ANCHOR property tax relief payments starting September 15, with benefits ranging from $450 to $1,750.
The 30-year fixed mortgage rate fell to 6.67% in the week ending August 13, down from 6.69% last week, offering borrowers modest relief after rates climbed to near one-year highs in late July.
Mortgage rates fell noticeably on Thursday as cooler-than-expected wholesale inflation and declining oil prices pushed borrowing costs to their best level since mid-July.
White House officials discussed raising the home-sale capital gains exclusion to $2 million and indexing investment gains for inflation, but experts say passage before November is extremely unlikely.
More than 2.5 million homes across the western U.S. face moderate or greater wildfire risk, with new modeling revealing that traditional risk maps miss a critical threat: fire spreading from house to house.
At least seven Republican-led states will ask voters in November to slash property taxes through constitutional amendments and ballot initiatives, driven by soaring home values that have pushed bills to painful highs.
White House officials signaled this week that President Trump is considering proposals to reduce capital gains taxes on home sales, including exemptions for homes worth up to $2 million and inflation indexing, as part of a midterm election pitch.