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Florida theme parks creating more housing for employees

Housing Wire

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

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Real estate on the ballot: Here’s what passed at the state level

Housing Wire

Several state-level real estate initiatives and urban development policies were voted on in the Nov. The passing of Referendum A exempts Habitat for Humanity and similar charities in Georgia from paying taxes on parcels under development if the purchasers receive interest-free loans. Georgia : Referendum A passes.

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loanDepot settles with Hsieh, nominates Steve Ozonian to the board 

Housing Wire

loanDepot announced Monday it will promptly increase the size of its board from eight to nine members to accommodate Ozonian, who has been the CEO of the Williston Financial Group since 2017, and his term will last from 2023 to 2026.

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DataDigest: Water wars in the Southwest

Housing Wire

Concurrently, the Colorado River is also in the midst of one of the worst droughts seen in over 1,200 years, and Arizona, California and Nevada agreed last week to collectively conserve 3 million acre-feet of river water through 2026. Should states or towns restrict development? Arizona alone agreed to forgo 1.8

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The Fed pauses its rate hikes for now, will it last?

Housing Wire

next year and to reach 2% in 2026, he added. The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. “The The median unemployment rate projection in the summary economic projections rises from 3.8% at the end of this year to 4.1% over the next two years.”

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Despite Falling Rates, King County Housing Market Flops to End Forgettable Year

Will Springer Realtor

One option developing in Washington is the reshaping of zoning laws to allow more housing on parcels of land once zoned for one home. Is there anything in the cards to suggest that inventories will significantly increase this year? Inflation currently stands at 3.1%. The next update is scheduled for release on Jan.

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2024 Updated UAD and URAR – What does It Mean for You?

Appraisal Today

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter.