Rising inflation rates impact the Bipartisan Infrastructure Law, the new “Bring Chicago Home” proposal could triple the transfer tax rate on city properties, a downtrend in homebuying emerges, and more.
- The rising inflation rates shave billions in value off of the Bipartisan Infrastructure Law, forcing states to cancel or delay projects as costs increase. (Tanya Snyder, Politico)
- As central banks around the globe increase interest rates, borrowing costs could deter people from buying homes, turning the once-hot residential real estate market cold. (Enda Curran, Bloomberg)
- A recently-published report by Cointelegraph dives into the market for tokenization of real estate properties worldwide as it surpasses $20 billion in size. (Cointelegraph)
- Chicago’s real estate industry prepares to fight a proposal, known as Bring Chicago Home, that would more than triple the tax on any residential or commercial property sold for more than $1 million. (The Real Deal)
- A.I. and machine learning continue to transform how consumers effortlessly buy, sell, and finance their homes in the ever-competitive real estate market. (Rohit Malik, Financial Express)
- Challenges in digitizing payments in real estate has resulted in property owners and managers still relying on paper checks. (PYMNTS)