Manhattan home resales drop as tax overhaul sidelines buyers

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The number of Manhattan sales rose for the first time in seven quarters as buyers rushed to close in time for the July 1 deadline for the mansion tax, according to Douglas Elliman’s latest market report for Manhattan co-ops and condos. It’s a big change from the story of the last six quarters, which saw year over year declines in sales.

While Singapore definitely does not have the space available for the McMansions favoured by the American elite, or Manhattan’s US$100 million penthouses. with cooling measures such as the.

House panel advances two flood insurance changes, but divisions remain House panel approves federal flood insurance changes By MARIA RECIO McClatchy Newspapers The House Financial Services Committee on Friday unanimously approved a five-year reauthorization of the troubled federal flood insurance program, which has been in the red since Hurricane Katrina devastated the Gulf Coast in 2005.

(Bloomberg) — Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay.

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Pending home sales in Manhattan spiked 27% in April from a year ago. “The tax law is forcing buyers and sellers to recalibrate what value is,”.

Existing-home sales fall to three-year low, miss estimates

An FHA loan in League City is a great option for those who are first time home buyers and those who are low to moderate income borrowers. An FHA loan borrower can borrow up to 96.5% of the value of the home, meaning that only 3.5% of the value is required as a down payment (which is much lower in comparison to other lender’s requirements).