USA Property

Real estate group Ho Bee Land on Tuesday (Apr 1) said it has decided not to proceed with its offer for Australian property developer AVJennings. This comes after AVJennings accepted a competing binding offer.In January, Ho Bee Land – which indirectly holds a 5.49 per cent stake in AVJennings – launched a non-binding indicative offer to acquire all the shares it does not indirectly own for A$0.70 apiece.The real estate group said on Tuesday that it “values its presence in Australia and remains open to opportunities that align with its...

Australian shares lifted at the open, tracking a rebound on Wall Street even as nerves continue to fray before US President Donald Trump’s broad sweep of reciprocal tariffs.The S&P/ASX 200 rose by 73.4 points, or 0.9 per cent at the open, to 7916.8, partially reversing the prior session’s third-largest loss this year. The All Ordinaries rose 0.9 per cent. All 11 sectors were higher, led by energy and real estate. The ASX tracked a rebound on Wall Street, where the S&P 500 closed up 0.6 per cent after buyers stepped...

The number: The Reserve Bank of Australia held the official cash rate at 4.1 per cent, as widely expected by the financial market and economists.What was said: “Uncertainty about the outlook abroad also remains significant. Many central banks have eased monetary policy since the start of the year, but they have become increasingly attentive to the evolving risks from recent global policy developments.“Sustainably returning inflation to target within a reasonable timeframe is the board’s highest priority. The continued decline in underlying inflation is welcome, but there are nevertheless risks on...

A broad rally in the Australian sharemarket gained momentum on Tuesday, tracking a rebound on Wall Street before US President Donald Trump’s broad sweep of reciprocal tariffs take effect.The S&P/ASX 200 Index closed up 1 per cent, or 81.8 points higher at 7925.2, recovering most of the previous session’s loss which had wiped almost $42 billion in market value. The All Ordinaries advanced 0.9 per cent. All 11 sectors finished higher, led by property stocks.It was a volatile session on Wall Street overnight before the S&P 500 closed up 0.6...

For those interested in selling real estate, take note, staging is key for attracting buyers as empty rooms make the sell harder, experts say. A team of four D.C. real estate agents known for some of the priciest mansion sales in the region switched broker affiliation last week. HRLS Partners, whose agents include Robert Hryniewicki, Christopher Leary, Adam Rackliffe, and Micah Smith, moved from Washington Fine Properties to TTR Sotheby’s, less than a month after real estate giant Compass acquired WFP. HRLS Partners sold 69 multimillion-dollar properties in the D.C....

Aishwarya Jain and Nathan Gomes  |  ReutersHere's how much homeownership costs per year, on top of your mortgageBankrate finds the typical family home comes with an added price tag: $18,000 in "hidden expenses" every year. (Scripps News)Scripps NewsFintech firm Rocket Companies RKT.N said on Monday it would buy home loan services provider Mr Cooper Group COOP.O for $9.4 billion, its second big deal this month as it looks to broaden its mortgage-related offerings on its online platform.Shares of Mr Cooper jumped about 27% to $132.1 in premarket trading but were still trading well below the offer price of...

Stay informed with free updatesSimply sign up to the Property sector myFT Digest -- delivered directly to your inbox.Rocket Companies has agreed to buy Mr Cooper for $9.4bn, in a deal that will create a US mortgage giant at an uncertain time for the US real estate market. The all-stock transaction will put fintech company Rocket in control of a loan book worth $2.1tn across 10mn clients, representing one in every six US mortgages. Rocket is among America’s biggest mortgage lenders, while Mr Cooper is a behemoth in servicing loans.The deal...

The movement to drastically cut and even eliminate property taxes, which local governments heavily rely on to fund crucial public services, is gaining momentum in Republican-led states across the country.Four states—including Florida, Illinois, Kansas and Pennsylvania—currently have plans to eliminate property taxes entirely. Others—including Texas and Montana—are trying to significantly reduce them.In Florida, Republican Senator Jonathan Martin introduced Senate Bill 852 after Governor Ron DeSantis expressed on X earlier this year his support for eliminating property taxes entirely."I agree that taxing land/property is the more oppressive and ineffective form of...

CNN  —  Sharon Savoy, a 65-year-old retiree from just outside of Toronto, had planned a typical three-month stay at her vacation home in Miami earlier this month. But then she abruptly decided to put the trip on hold, and now she wonders when she’ll ever go back to her second home. “I should be there right now,” Savoy told CNN. “But we’re trying to debate whether or not it’s a good idea to go.” Savoy is one of the hundreds of thousands of Canadians who make their home in warmer...

Picture this: You wake up in the primary suite as the sun rises over the lake outside. It's looking like another stunning day on your tranquil oasis. Shall you get the kayaks out, rev up the boat or set up the beach chairs? You smile, considering the possibilities and knowing your next step is to sit on the porch with a steaming mug of coffee and let the day play out.This can be your life if you own a house on a lake. Whether you want it for a primary...