Real Estate News 03/31/2025

Today’s News Synopsis:

In The News:

Multifamily Dive – “FHFA reverses part of Biden’s Renters Bill of Rights“ (03-31-25)

“The FHFA revealed on July 17, 2024, that Fannie Mae and Freddie Mac borrowers would need to follow new leasing rules starting in February 2025, including rent increase notices 30 days in advance and a five-day grace period for payments. The announcement has since been taken down from the agency’s website.“

FOX Business – “How eliminating property taxes in Florida could affect the state’s real estate market” (03-31-2025)

“Florida Gov. Ron DeSantis hinted on social media that he would support abolishing such taxes throughout the Sunshine State, but that it would require a constitutional amendment.”

Redfin –  “‘Monthly Housing Payments Hit All-Time High” (03-27-25)

“The typical U.S. homebuyer’s monthly housing payment hit an all-time high of $2,807 during the four weeks ending March 23, up 5.3% from a year earlier. ”

Yahoo Finance – “Labor market pessimism hits highest since 2009 as Americans sour on economic outlook” (03-28-25)

“New data from the University of Michigan out Friday showed consumer sentiment in March reached the lowest level since November 2022, with worries over inflation and the labor market dragging down optimism.”

The Street – “721 Exchange vs. 1031: Tax-Smart Real Estate Investing“ (03-27-2025)

“Learn how it differs from a 1031, defers capital gains taxes, and provides passive income for long-term investors, especially retirees, amid rising interest rates and operating costs.”