Federal Government Continues to Sell Properties – Real Estate Investing Today
The Wall Street Journal (reposted on Realtor.com) is reporting that the federal General Services Administration (GSA) has sold a 940k square-foot vacant office building in Washington, D.C. to a housing developer for $24 million. They say the deal signals a renewed push by the GSA to unload federal property, return vacant buildings to local tax […]
Impact of U.S. Government Shutdown on Real Estate Nationwide
Title: The U.S. Government Shutdown: Its Unfolding Impact on Real Estate Across the Nation As the U.S. government shutdown persists, its ripple effects are being felt across various sectors, including the real estate market. This article explores the multifaceted impacts of the government shutdown on the real estate industry, highlighting how uncertainty and operational hindrances […]
Trump Hints at Ending Government Control of Freddie Mac and Fannie Mae
Title: Trump Hints at Ending Government Control of Freddie Mac and Fannie Mae In a move with significant implications for the U.S. housing market, former President Donald Trump has recently suggested re-evaluating the government’s long-standing control of the mortgage giants, Freddie Mac and Fannie Mae. As key players in the nation’s housing finance system, these […]
HUD is seeking new offices due to over $500 million in deferred maintenance costs.
HUD Headquarters Building Faces $500 Million in Maintenance Needs According to a recent release, the U.S. Department of Housing and Urban Development’s headquarters building in Washington, D.C., is facing over $500 million in deferred maintenance and modernization needs. In response, they have added the HUD headquarters building to the accelerated disposition list to explore relocation […]
The changes in state income taxes since 2000.
State Income Tax Changes Over the Past 5 Years How have state income taxes changed over the past 5 years? Today’s graphic from the Visual Capitalist compares how state income taxes have changed between 2000 and 2025. Stay safe, watch your wallet and have a Happy Friday!!! Hat tip to the Visual Capitalist. How […]
Inflation decreased in February
BLS Reports Inflation Eases in February The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in February, 2025. The all items index was up 2.8% for the 12 months ending in February. Interestingly, while the index for shelter increased 4.2% over the last year, […]
The Places with the Highest Property Tax Rates in 2025
The Impact of Property Taxes on Local Government Financing Property Taxes: A Key Revenue Source The Tax Foundation emphasizes that property taxes play a crucial role in funding local governments and generating revenue in various states. In FY 2022, property taxes accounted for 27.4% of total state and local tax collections, making it the most […]
Construction spending in the U.S. sees a slight increase
U.S. Construction Spending Report The U.S. government is reporting that total construction spending in October, 2024 was at a seasonally adjusted annual rate of $2,174 billion, which is 0.4% higher than September’s revised number. However, October’s revised estimate is 5% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate […]
Inflation has increased by 2.5% compared to the previous year.
Consumer Price Index Increases by 0.2% in August, 2024 The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in August, 2024 (same as July). The all items index was up 2.5% for the 12 months ending in August. The index for shelter rose 0.5% […]
The Pacific Legal Foundation is seeking a review by Michigan’s Supreme Court of an unconstitutional tax foreclosure scheme.
The Pacific Legal Foundation recently announced that a Michigan mother has appealed to the Michigan Supreme Court to uphold her constitutional right to fair compensation after her home was foreclosed on by Manistee County, sold, and the county kept $102,636 more than she owed. Chelsea Koetter, a single mother of two, fell behind on her […]