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Megan Powell

Megan's Blog

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May
28

May 28th, 2026 by

New York state lawmakers approved a tax on luxury second homes in New York City Wednesday, targeting properties valued at $5 million or more in a measure expected to generate as much as $500 million annually.

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Category: Luxury, Luxury Lens, Markets & Economy, Select, Citadel, Department of Finance, High-value property tax, kathy hochul, Ken Griffin, luxury, luxury second homes, luxury tax, maine, manhattan, massachusetts, miami, new york city, Pied-à-terre tax, property tax, Residential real estate affordability, rhode island, washington, Wealth Tax, Zohran Mamdani
May
28

May 28th, 2026 by

New residential sales declined 11.3 percent annually in April, as buyer activity wilted under rising mortgage rates.

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Category: Markets & Economy, Select, April 2026 new residential sales, April new residential sales, bright mls, buyer incentives, Existing Home Market, Homebuilder Concessions, homebuilder confidence, homebuilders, homebuyer confidence, housing market, inflation, joel berner, lisa sturtevant, midwest, mortgage rates, new home sales, new residential sales, northeast, realtor.com, Single-family Home Construction, south, US Census Bureau, west
May
28

May 28th, 2026 by

U.S. home purchase loans hit their lowest quarterly level since early 2014 and pending home sales fell for a second consecutive week, according to new reports from Attom and Redfin.

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Category: Agent, Markets & Economy, Select, active inventory, affordability, arizona, Attom, balanced market, boston, Home Purchase Loans, homebuyers, honolulu, housing affordability, Jessi Healey, Mortgage News Daily, mortgage purchase applications, mortgage rates, pending home sales, pittsburgh, realtor.com, Redfin, Residential Property Mortgage Origination, Rochester, New York, St. Louis
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