Voters have approved a tax on mansions to pay for affordable housing initiatives in New Mexico’s capital city of Santa Fe. Uncertified election results on Wednesday show that nearly three-fourths of ballots were cast in favor of the new tax on home sales of over $1 million, in a city …
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Treasury Secretary Scott Bessent recentlydeclaredthat President Donald Trump’s administration is considering declaring an emergency situation forhousing.He pointedouttheweakest summer home sales in a decade, withmore than 15%of transactions falling through in July,thehighest cancellation rate since record-keeping commencedin 2017. Prices, though below pandemic levels,arestill too lofty for working- and middle-class Americans. Bessent …
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