Inheriting a Low Property Tax Bill Is Getting Much More Complicated

When Willa Staats and her brother inherited their father’s home and adjacent lot in East Austin, TX, they expected to build their lives there. But one year later, they were hit with a combined property tax bill of $48,000—nearly 90% more than their father had last paid. Their experience points to a

Andrew Cuomo Drops $9.6 Million in Cash on Lavish Hamptons Estate—After Failed NYC Mayoral Bid

Former New York Gov. Andrew Cuomo has splashed out $9.6 million in cash on a sprawling Hamptons estate—nearly one year after the New York City mayoral primary that marked his return to electoral politics. Cuomo, 68, who served as governor from 2011 until his resignation in 2021, quietly picked up th

Mortgage Rates Soar to 3-Year High as Global Bond Market Selloff Deepens

Mortgage rates jumped to their highest level in nearly three years this week, driven by a massive global bond market selloff stemming from rising energy costs and lingering inflation fears. The average rate on 30-year fixed home loans climbed to 7.28% mark for the week ending Oct. 1, up 25 basis poi

VIDEO: Homebuilding Leader Says Skilled Labor Shortage Adds $2,500 to Cost of New Homes

Ed Brady, CEO of the Home Builders Institute, says the home construction industry faces a coming crisis because of a shortage of workers. The home construction business has had a severe shortage of workers for years. The Home Builders Institute estimates the industry needs 700,000 additional workers