The Fed ate the housing boom
Looks like America's home-buying binge is winding down. There's a vibe shift visible in both the official data and in the anecdata from sellers, buyers and brokers, Emily writes. Why it matters: This is just what Fed chair Jerome Powell ordered. The slowdown means the Fed's rate hikes are working — cooling demand in an overheated market.
Exodus From Midtown Manhattan Led by Tech and Banks
Companies are bypassing prime blocks in Midtown Manhattan for neighborhoods further west or downtown, as Park Avenue fades from prominence after decades as a magnet for some of the world's biggest companies.
New law exempts Oklahoma livestock from personal property taxes
The Center Square
A new law would make all livestock that supports families exempt from personal property taxes in Oklahoma. "According to the Oklahoma Constitution Article 10, animals with value less than $100 are exempt from personal property tax," said Rep. Dustin Roberts.
RI casino owner Bally's sues Lincoln and Tiverton over property values
The Providence Journal
In separate lawsuits filed in Superior Court, Bally's claims that government mandates significantly limited business operations at both Tiverton Casino & Hotel and at Twin River Lincoln Casino Resort, which were closed for a period of time and then re-opened with reduced hours.
Memphis home sellers unite to slow down outside investor buys
Local home sellers and the Shelby County assessor are banding together to slow outside investors that are making home ownership increasingly difficult for Mid-South families. On top of that, Zillow reports year-to-year Memphis home values up 23%.