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(iStock) The pandemic has hit New York City’s retail, office and hospitality sectors, a blow that could mean a steep drop in property taxes collected next year. The provisional tax assessment for 2022 shows that the appraised values ​​of these commercial properties have fallen 9.6% year over year, according to a Barclays report. And it …

It’s no secret that home values ​​have skyrocketed nationwide. We can blame the low mortgage rates and a limited supply of available housing for this. But it’s not just single-family home prices that are going up. Condominium prices are also on the rise, and in June they hit a nine-year high, according to Redfin. Last …

Separately, Napa City Council unanimously approved a resolution to create the Napa Enhanced Infrastructure Funding District, which would help fund the public interest and the city’s infrastructure upgrades using a part of the property tax revenue from the future growth of the city within certain defined limits. “It is a government entity that uses the …

The top floor of the controversial Manhattan supertall known as “432 Park Avenue” went on sale Monday for $ 169 million, earning it the rank of Manhattan’s most expensive list. The six-bedroom, seven-bathroom, two-powder room penthouse sits on the 96th floor of a “toothpick-shaped” building that has earned a reputation for cracking, flooding and alleged …

PROVIDENCE – Brown University is expanding its inventory of student housing in the jewelry district. On Thursday, the university announced that it had acquired the River House for $ 75 million, which can accommodate 270 students in a mix of 174 studio, one-bedroom and two-bedroom apartments. Brown Provost Richard Locke said the deal, which was …

Justin Sullivan / Getty Images Mortgage rates continued to fall today. The average rates for 15 and 30 year fixed mortgages both fell, while the average rate for 5/1 variable rate mortgages also fell. Mortgage rates are dynamic, but are currently at historic lows. If you are looking for a new home, this might be …

DETROIT, July 21, 2021 / PRNewswire / – Adam M. Lutz of Lutz Real Estate Investments and Matthew Sosin of Northern Equities Group today announced that their joint venture has completed the $ 70 million renovation of the Albert Kahn building and its conversion in 206 apartments, now named The Kahn Apartments (TheKahnDetroit.com). Located in …

The central bank maintained a requirement that Swedbank and SEB should apply a risk weight of at least 15% of their home loan portfolio when calculating the capital need to cover the risks associated with mortgages issued in Estonia. The risk-weight floor currently applies to Swedbank and SEB in Estonia, as they assess risky assets …

The incident indicates a growing sense of frustration within the agency as the Biden administration has begun to position the United States as a leader in the global response to the pandemic. Keeping White House promises has fallen largely on USAID, an agency that often finds itself on the losing side of Washington’s funding battles. …

Buying a new house volume of applications dropped every month in the second quarter, as construction costs and low inventories took loan amounts to an all-time high. June applications fell 3% from May and 23.8% year-over-year, according to the Mortgage Bankers Association’s Homebuilder Apps Survey. The seasonally adjusted annual estimate of 704,000 June sales was …