New York Property Tax Threat Roils Market

New York City’s property market faces renewed uncertainty after Mayor Zohran Mamdani signalled a potential 9.5 per cent property tax increase if the state declines to approve higher income and corporate taxes on top earners. The proposal, framed as a fallback measure, would affect

US builder sentiment stays subdued

Sentiment among US homebuilders weakened further in February as affordability pressures and elevated construction costs continued to weigh on demand, underscoring persistent strains in the residential property market. The National Association of Home Builders/Wells Fargo Housing Market Index slipped one point to 36, remaining below the 50 break-even level for a 22nd consecutive month. Economists

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