Real Estate

President Lee Jae Myung on Tuesday shared a media report on social media platform X comparing property taxes on homeowners in major foreign cities to South Korea's. He questioned why South Korea's effective tax rate of about 0.15 percent is low compared to around 1 percent in New York, 1.7 percent in Tokyo, and 0.4 to 0.6 percent in Shanghai. Lee has prioritized stabilizing home prices for months.

March 19, 2026 Ti AI ṣe iroyin

New home sales in the US fell to a seasonally adjusted annual rate of 587,000 units in January 2026, the lowest level since 2022, according to Census Bureau data. The decline marked nearly a 20% drop. The median price stood at $400,500, remaining above $400,000 for a sixth straight month but at the lowest in that period.

A 101-square-meter house in Västra Ingelstad, Vellinge, has recently changed owners. Buyers Johan Filip Mineur and Emilia Rebecca Havmark paid 5,750,000 kronor for the property at Dammvägen 5, built in 2016.

March 10, 2026 Ti AI ṣe iroyin

Indexes for US equity real estate investment trusts fell alongside major market benchmarks during the first week of March, driven by geopolitical tensions involving Israel, Iran, and the United States. The Dow Jones Equity All REIT index dropped 2.10% for the week.

Shares of Whitestone REIT surged on Friday following reports of takeover interest from multiple parties, including Blackstone and TPG. The company, which owns shopping centers in the Sunbelt region, faces activist pressure and has received prior buyout offers. Analysts highlight its strong occupancy and potential sale value.

March 07, 2026 Ti AI ṣe iroyin

Saul Centers (NYSE:BFS) has been downgraded to hold as its shares near a fair value of $35 following a recent rally. DC-area economic challenges, including federal workforce reductions, are pressuring the company's commercial occupancy and rent growth through 2026. Development projects, such as Hampton House, are expected to provide some offset through improved funds from operations (FFO) and cash flow.