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TheBias Brief

New York PostSig. 4NewsEconomyHousingPolitics

San Francisco homeowners could see thousands wiped off property values in transit funding crisis

San Francisco's transit agency faces a fiscal cliff after pandemic relief expired, and a proposed parcel tax on the November 2026 ballot would fund Muni. A controller's report projects that reduced Muni service could lower home values by 0.6% to 0.9%, while the tax would lower them by about 0.2%, leaving homeowners better off with the tax. The article outlines tax rates, projected revenue, and Mayor Lurie's support for the measure.

New York PostSig. 3NewsHousingEconomy

More than 1 in 5 NYC homes are selling in bidding wars — with prime Brooklyn nabe at the center of the frenzy

A market report says more than one in five NYC homes sold above asking in August, with Brooklyn and Park Slope seeing the most intense bidding wars. Tight inventory, down 5% citywide and over 11% in Manhattan, is driving competition even as mortgage rates remain near 6.7%. Sellers are pricing slightly lower to spark multiple offers.

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New York PostSig. 3NewsHousingCulture

Historic NYC synagogue and longtime home for pioneering artists asks $11M — with stunning architectural details intact

A former Lower East Side synagogue at 80 Forsyth St., later used as a studio by Abstract Expressionists Milton Resnick and Pat Passlof and currently by fiber artist Dana Barnes, is listed for $10.95 million. The article details the building's preserved architectural and artistic history and the possibility of redevelopment or continued creative use.

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PBS NewsHourSig. 6NewsEconomyHousing

What the Fed rate hike likely means for you

The article explains the Federal Reserve's first rate hike since 2023 and its likely effects on borrowers, savers, mortgage rates, credit cards, and auto loans. It presents the move as a response to persistent inflation and balances the negative impact on borrowers against the positive impact for savers.

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CBS NewsSig. 3AnalysisHousingEconomy

What are the monthly payments on a $90,000 home equity loan now?

The article explains current monthly payments for a $90,000 home equity loan using average interest rates, comparing 10- and 15-year terms with rates from recent months and 2024. It advises homeowners to shop around and cautions that default could risk foreclosure.

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Daily MailSig. 2NewsHousing

Come and live in a new house with all mod-cons on a tiny island, home to just 102 people, for only £550 per month...

A small Orkney island, Eday, has advertised two new three-bedroom rental homes for £550 a month, drawing interest from across the UK as residents seek families and workers to sustain the community. The homes include solar panels and sea views, and local businesses have vacancies despite no guaranteed work for newcomers.

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CBS NewsSig. 2NewsEconomyHousing

What are today's HELOC and home equity loan interest rates?

The article reports current average HELOC and home equity loan interest rates and explains how the two borrowing products work. It also offers general consumer guidance about comparing rates, using home equity as collateral, and potential tax deductibility for eligible home improvements.

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