USA Property

1 of 2 | Homes and structures were damaged after a tornado touched down near Potosi, Missouri, on Wednesday. Photo courtesy Missouri State Highway Patrol Troop C April 2 (UPI) -- Tornadoes on Wednesday struck the central United States, including damaging property in Missouri, Arkansas, Kentucky, Indiana and Oklahoma, with torrential rain spurring flash flooding. Tornado watches affecting 17 million people were in effect for Arkansas, Illinois, Indiana, Kentucky, Missouri, Mississippi and Tennessee until at least midnight CDT, CNN reported. In a watch, forecasters have high confidence of large, destructive...

DeSantis wants repeal of red flag laws and supports open carryDeSantis wants repeal of red flag laws and other restrictions on Second Amendment RightsFlorida Governor Ron DeSantis has proposed a plan to eliminate the state's portion of property taxes for homeowners.DeSantis argues that tourists and non-residents should bear a larger share of the tax burden.The Florida Legislature is currently in session and must reach an agreement on the state budget before adjourning on May 2.Could Florida property taxes be a thing of the past soon? Gov. Ron DeSantis thinks so.At...

Gov. Larry Rhoden speaks to the media after taking the oath of office on Jan. 27, 2025, at the South Dakota Capitol in Pierre. (David Bordewyk/South Dakota NewsMedia Association) By: Joshua HaiarPIERRE, S.D. (South Dakota Searchlight) — South Dakota Republican Gov. Larry Rhoden unveiled a proposal Monday that would give counties the option to implement a half-percent sales tax to fund property tax reductions for homeowners.Rhoden said the plan could save hundreds of dollars annually for typical homeowners in some areas. Counties that opt-in to the plan would shift some...

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...