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Tennessee official, citing property tax relief, notes more interest in reverse mortgages

Housing Wire

Homeowners have noted for some time that property taxes have risen precipitously, and this has the potential to heavily impact people living on a fixed income. Rutherford County trustee Teb Batey encouraged area seniors already seeking information on 2025 property tax payments to take advantage of the countys tax freeze program.

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FHA borrowers would get mortgage insurance relief through proposed House bill

Housing Wire

The legislation, known as The Mortgage Insurance Freedom Act, comes amid rising mortgage rates , home prices and other costs of homeownership , such as insurance and property taxes. It also comes on the heels of data showing that FHA’s mutual mortgage insurance (MMI) fund is in a healthy position.

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Hanging on to House and Home

Appraisal Buzz

years, but homeowners in Californiawhere Proposition 13 can lock owners into low property-tax ratesare staying put much longer. Proposition 13, adopted in 1978 , mandates that homeowners pay property taxes of 1% of their homes assessed value, and strictly limits tax increases. homeowner stays in their house for 11.8

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Housing Hurdles for Older Homeowners 

Appraisal Buzz

Older Homeowners Desire to Age in Place, But Many Dont Believe Theyll Be Able To According to Harrell, housing costs and communities arent often designed with older homeowners in mind. High property taxes are another factor at work, as 55% of respondents cite them as a cause for moving. than children under 18.

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Experts weigh in on whether seniors should get new mortgages: Bankrate

Housing Wire

Even if one owns a property with no further mortgage payments due, property taxes and upkeep will be a consideration,” Bankrate senior economic analyst Mark Hamrick said. “As An analyst for Bankrate describes some challenges that could be unique to older mortgage borrowers if they take on a new, debt-based financial instrument.

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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

However, other email tools not specific to real estate agents (like Mailchimp and Flodesk) offer built-in templates that make delivering beautifully designed email newsletters a cinch. Create a responsive newsletter design One of the best ways to make things easy on yourself is to use real estate newsletter templates.

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Chicago housing market normalizing after unprecedented volatility during the pandemic

Housing Wire

Property taxes are another factor that is slowing things down. In Cook County, the property tax rate has increased substantially , a move by municipal officials designed to rightsize budgets that have gotten turned upside down.