New York passes pied-à-terre tax on luxury 2nd homes
Targeting 2nd homes valued at $5M+, it's projected to generate hundreds of millions annually
by Jessi Healey May 28
The fixed-rate mortgage myth agents need to stop spreading
Rising property taxes and insurance costs mean variable monthly payments, even on FRMs
by Bernice Ross May 27
California housing: A 'caste system defined by family wealth?' Analysts respond to report
Analysts and housing experts this week balked at what some called California's 'landed gentry' system for passing property down to younger generations
These are the states where homeowners will benefit most — and least — from new SALT cap
Redfin’s latest analysis reveals the states where homeowners will benefit most from the new state and local tax (SALT) cap, which Congress raised from $10K to $40K
by Marian McPherson Sep 19
A due diligence checklist to protect your fixer-upper investment
Fixer-uppers can be great investments, even in challenging real estate markets, but only if you know what to look for
by Andrew Reichek Aug 14
Easy-peasy tax filing: A simple 5-step roadmap
Tax season is officially underway. Amy Chorew and Maeda Palius share strategies to help you prepare and organize documents so that you can make the process as stress-free as possible
by Amy Chorew AND Maeda Palius Feb 24
13 Negotiation Questions Every Real Estate Agent Must Learn To Ask
Ask the right questions, and get buyers talking about what matters most to them
by Bernice Ross Feb 21
not for sale
What are the root causes of the ongoing listing lock-in effect? Team leader Carl Medford looks at seller attitudes and how to tap into the percentage of homeowners who are willing to move
by Carl Medford Jan 14
24 questions you should ask about open houses
Putting on an effective open house, Jonathan Pressman writes, means being the informed agent and the best source of information for current and future clients
by Jonathan Pressman Oct 15
US housing turnover rate hits 30-year low as lock-in effect lingers
In the first 8 months of 2024, only 25 out of every 1,000 US homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday
by Richelle Hammiel Sep 30
5 easy ways to stay in your lane during a transaction
Stop trying to be all things to your clients, broker Joseph Santini writes. Focus on the things that fall within your purview and direct traffic as needed on your transactions
by Joseph Santini Jul 10
Suburban Chicago homeowner hit with $30K property tax bill in error
Homeowner Darryl Lloyd was stunned to receive an errant property assessment of more than $1M from assessors, causing his bill this year to skyrocket from $1,800 to a whopping $30K
by Richelle Hammiel Jul 9
Judge rules proposed Chicago transfer tax hike is invalid
Advocates had hoped to quadruple the tax buyers pay on residential and commercial real estate purchases if voters approved the measure next month
by Taylor Anderson Feb 23
The Texas plan that could win even more new homeowners
High property taxes in Texas have in the past canceled out some of the state's affordability advantages. But political leaders are looking for ways to reduce homeowners' tax burden
by Jim Dalrymple II Jun 6
Property tax hikes slowed last year even as home sale prices soared
The average property tax bill rose by 1.8 percent in 2021. That's the lowest increase in years, despite record home price growth, according to a new report from Attom Data Solutions
by Daniel Houston Apr 14