Housing Wire

JUNE 17, 2024

The analysis of historic home prices, income levels and mortgage rates found that baby boomers — Americans between the ages of 60 and 78 this year — “arguably faced the toughest housing market ever for first-time buyers.“ It assumed a 10% down payment and did not factor in property taxes or homeowners insurance.

Housing Market 497

Housing Market Property Taxes Inventory Buyers 497

Housing Wire

NOVEMBER 22, 2024

“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market. What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs.

Marketing 370

Marketing Housing Market Property Taxes Construction 370

Housing Wire

DECEMBER 17, 2024

The rule goes into effect on March 1, 2026, according to the CFPB. PACE loans caused borrowers property taxes to increase by about $2,700 per year or an 88% increase, according to the CFPB. PACE borrowers were also more likely to fall behind on payments for their first mortgage compared to those who didnt use the program.

Mortgage 272

Mortgage Renovations Property Taxes Finance 272

Appraisal Buzz

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) has finalized a rule mandated by Congress that applies existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for clean energy upgrades and disaster readiness that are paid back through their property tax bills.

Home Improvement 248

Home Improvement Property Taxes Finance Lending 248

Housing Wire

NOVEMBER 11, 2024

As office vacancies increase, the value of commercial office buildings decreases, and if the properties are reassessed for much less than they were worth a few years ago, the town may see a dramatic decrease in property tax revenue. homebuyers to compete with investors for properties.

Real Estate 418

Real Estate Insurance Supply Chain Buyers 418

Appraisal Buzz

OCTOBER 28, 2024

We are bullish about the spring 2025 housing market. However, affordability challenges remain, as median purchase mortgage payments are still elevated and emerging cost burdens from rising homeowners’ insurance premiums and rising property taxes are adding to the cost of homeownership.

Property Taxes 409

Property Taxes Insurance HOA Inventory 409