Real Estate

  Bloomberg Every state or municipal government will eventually face the question of whether to raise taxes. Since the era of George H.W. Bush, officials answer increasingly “No.” “It’s politically hard to make a case for tax increases, and particularly at a time when people have less money in their pockets,” said Lucy Dadayan, a senior policy analyst with the …

  Bloomberg When shares of apartment owners fell this week on disappointing revenue projections in New York and San Francisco, it was bad news for the property companies and good news for renters. Well, some renters. Between April 2015 and April 2016, the pace of rent increases slowed in at least 90 percent of luxury ZIP codes in Atlanta, Los …

TNS Habitat for Humanity of Owensboro-Daviess County is ramping up construction this summer and dedicating several houses to deserving families. RE/MAX Professional Realty Group in Owensboro is participating in its first ever build this year. Manager Michelle Wiesman said the company is excited to be a part of changing families’ lives in the greater Owensboro region. Realtors with RE/MAX fundraise …

  Reuters Gulf Arab investors, some of the biggest buyers of British real estate, are holding back from new deals because they fear a property price slump if Britain leaves the European Union, according to legal and investment sources. Sovereign and private investors from Qatar, Saudi Arabia, Kuwait and the United Arab Emirates have been prolific buyers of British assets …

    Bloomberg Europe is rife with castles for sale—ancient dwellings with moats and gothic arches, stone walls, and magnificent gardens, decorated with elaborate wooden built-ins and a couple of armor suits flanking enormous fireplaces. Legit castles. Without a history to warrant such abodes, the United States has mostly had to make due with tacky, castle-themed McMansions. Still, there are …

  WARSAW / AP Poland’s prime minister announced a new program to provide cheap housing for families on low income, the second project the conservative government has launched to support large households. Beata Szydlo said the “Home Plus” program, which still needs to be adopted by the government and parliament, will be largely financed from a National Housing Program that …

  Bloomberg Toronto home sales shot to a record in May and prices surged amid fierce competition for single-family homes. There were 12,870 homes sold in May, 11 percent higher than last year, according to the real estate board in Canada’s biggest city. With listings falling 6.4 percent from last year, average prices rose 16 percent to C$751,908 ($581,207). Detached …

  Bloomberg MCAP Corp., a Canadian mortgage finance company, will seek to raise about C$275 million ($212 million) through an initial public offering as soon as next month, according to people with knowledge of the company’s plans. The Toronto-based business, which has about C$55 billion of mortgages under administration, filed a preliminary prospectus with Canadian regulators last month for an …

  Bloomberg Canadian bankers are calling on the government to take further steps to cool surging housing markets in Toronto and Vancouver. The heads of National Bank of Canada and Bank of Nova Scotia said mortgage down-payment requirements should be boosted to tame the market, joining the Organisation for Economic Cooperation and Development, which said on Wednesday measures should be …

  Bloomberg Australia’s Victoria state is “very confident” the winning bid for a 50-year lease to operate the Port of Melbourne, which is valued at between $4 billion and $6 billion, will exceed the book price, state Premier Daniel Andrews said. “All the market expectation, all the commentators talk about us exceeding the price that we’ve booked, and we are …