Appraisal Buzz

DECEMBER 5, 2024

ATTOM has released its latest Special Housing Market Impact Risk Report , a study examining county-level housing markets around the U.S. The report shows that California, New Jersey, and Illinois once again had high concentrations of the most-at-risk markets in the country, with parts of Florida also joining that mix.

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Appraisal Buzz

APRIL 4, 2024

billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% growth rate in 2022 – and the largest in the past five years, the firm says in its annual property tax analysis report. The report also shows that the average tax on single-family homes in the U.S. Roughly $363.3

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Appraisal Buzz

FEBRUARY 4, 2025

A comprehensive analysis by First Street , published in its 12th National Report, Property Prices in Peril , provides insight into the observed and projected effects of climate change on the U.S. real estate market. Utilizing peer-reviewed methodologies and macroeconomic modeling, Property Prices in Peril estimates a potential $1.47

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Housing Wire

MARCH 16, 2021

For the past few years, low mortgage rates have fueled a housing market so hot that even a pandemic couldn’t derail purchase originations. Plaza Home Mortgage was no exception, as it sought to improve its property tax estimation process. Prior to implementing PTE, Plaza Home Mortgage had to collect property information manually.

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Appraisal Buzz

JULY 30, 2024

The programs studied in “ Subsidizing the Middle: Policies, Tradeoffs, and Costs of Addressing Middle-Income Affordability Challenges ” provide direct and indirect public subsidy, everything from grants and loans to property tax exemption and government guarantee of construction loans (see table below).

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Housing Wire

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work.

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Housing Wire

DECEMBER 20, 2024

This is comparable to existing policies in the market for conventional loans backed by Fannie Mae and Freddie Mac. 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. Meeks (D-N.Y.)

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Appraisal Partners Blog

MARCH 18, 2025

Property taxes are a significant expense for homeowners. If you believe your property is assessed at a value higher than its fair market value, you have the right to appeal your property tax assessment. A successful appeal can result in a lower tax bill, saving you money each year.

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Housing Wire

APRIL 2, 2025

Terms of the product are broadly similar to those that govern the Federal Housing Administration s Home Equity Conversion Mortgage ( HECM ) loan. The borrower must remain in the home as their primary residence and continue paying property taxes, homeowners insurance, HOA fees and maintenance costs to keep the loan in good standing.

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Housing Wire

APRIL 1, 2025

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. It will also exclude broker-network borrowers from the companys outbound marketing campaigns.

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The Appraiser Coach

AUGUST 9, 2021

Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Read More.

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Appraisal Buzz

DECEMBER 11, 2024

Older homeowners have given their input on the state of the market and their desire to age in place. of eligible households received government housing aid in 2021, while 11.2 High property taxes are another factor at work, as 55% of respondents cite them as a cause for moving. Only 36.5%

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Housing Wire

MAY 1, 2023

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. “We are proposing new rules that would require sensible safeguards on these clean energy loans.”

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Housing Wire

APRIL 5, 2022

There is no public guidance from state or federal regulators at the time of this writing as to whether mortgages for virtual real estate are governed by traditional laws and regulations that govern traditional mortgages. Section E: Yay, no government fees… for now! As for property taxes, well, you can kiss that goodbye.

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Housing Wire

JULY 12, 2024

This included 58% of conforming loans purchased by Fannie Mae and Freddie Mac , 49% of government-backed loans and 34% of nonagency loans. Rising costs for homeowners insurance and property taxes were cited by respondents as the biggest potential risks for higher delinquency rates in 2024. Respondents expected the U.S.

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Appraisal Buzz

JULY 22, 2024

Surveying a diverse group including banks, nonbanks, and government entities, the report indicates a prevailing sentiment among 76% of respondents who foresee continued growth in home prices throughout the year. This optimism comes in spite of the challenges posed by interest rates, which are expected to linger at an average of 6.3%

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Housing Wire

AUGUST 15, 2024

mortgage industry” and “brings to the table a deep understanding of the Company’s operations, market dynamics, and growth potential,” Voxtur explained in its announcement. Voxtur serves investor, lender, servicer and government agency clients throughout North America with offices in Tampa and Toronto.

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Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Demand right now is not an issue for both the existing and new home sales market. The new home sales market had an epic miss from sales estimates in 2014. New Home Supply. Hard pass. Hard pass.

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Housing Wire

JULY 5, 2022

The rollout of APIs follow changes made around modern valuation solutions made by the government-sponsored enterprises (GSEs) over the past year. Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process.

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Housing Wire

SEPTEMBER 17, 2024

former Federal Housing Financing Agency (FHFA) director Mark Calabria made the argument that a larger credit box has caused the government-sponsored enterprises (GSEs) to take on far more risk than they should be. So, I guess, I put it this way: Yes, we completely screwed off the MBS market. It sure as hell does.

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Housing Wire

MARCH 10, 2022

“For ongoing non-mortgage costs in particular, expanding programs that help to reduce utility costs and limit property tax burdens for low-income households are obvious solutions.”. The federal government has no simple mechanism to reduce local property taxes or utility costs.

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Housing Wire

NOVEMBER 29, 2023

Given the numerous risks and challenges associated with heirs’ property and the higher incidence in low- to moderate-income communities, the American Land Title Association (ALTA) is committed to expanding awareness of heirs’ property and collaborating with industry and government partners to address this often-overlooked hurdle to wealth building.

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Housing Wire

JANUARY 8, 2024

In addition to removing a major player from the industry, the bankruptcy also ultimately forced Ginnie Mae to assume control over its extensive portfolio of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), straining the government-owned corporation’s resources as well as reverse mortgage industry liquidity in the secondary market.

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Housing Wire

SEPTEMBER 11, 2024

As of Wednesday, many loan officers were quoting in the low 6% range for conventional conforming mortgages, and in the mid-to-high 5% range for government loan products. Even though Milwaukee is among the most affordable housing markets in the country, homes there are affordable to a lot fewer people now. Today that ratio is 31%.

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Realvals

FEBRUARY 10, 2025

For example, in many states, property tax assessments and sale prices are often part of the public record. These details can give a general idea of a property’s value, but they don’t provide the same level of detail as a professional appraisal. Next, we research similar properties that have sold recently.

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Appraisal Buzz

SEPTEMBER 6, 2024

In Q2 of 2024, ATTOM produced a Special Housing Risk Report that highlights county-level housing markets across the country that are more or less susceptible to falls based on home affordability, underwater mortgages, and other metrics. Markets that were less susceptible were still mostly found in the Midwest and the South.

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Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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Housing Wire

MARCH 9, 2022

Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. The MSR market is already flourishing , as lenders with MSRs on their balance sheet cash in on more favorable pricing. Edgemac and Incenter declined to disclose terms of the transaction.

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Appraisal Buzz

AUGUST 13, 2024

The government is taking action to ensure that these products do not turn the dream of homeownership into a nightmare.” The borrower frequently assumes homeownership duties during the contract period, like as maintenance, property taxes, and upgrades. These disclosures include the annual percentage rate and payment schedules.

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Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

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D Fritz Appraisals

JANUARY 29, 2025

These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia. While assessments and appraisals both provide property valuations, their purpose, methods and impact on homeowners differ vastly. Frequency: Updated once a year.

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Birmingham Appraisal

MAY 28, 2024

Strategies to Appeal Your High Property Tax Assessment As of May 24, 2024, the Jefferson County Board of Equalization protest period is open and runs until June 24, 2024. Let’s walk through the steps you can take to appeal your assessment and potentially lower your property taxes.

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Housing Wire

JULY 18, 2023

As a frame of reference, a 20/1,000 turnover rate is a fairly typical for the modern housing market. A more active market would have a rate closer to 40 or 50 for every 1,000 homes. Building more housing is imperative, and federal and local governments can help by reforming zoning and making the building process easier.

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Housing Wire

FEBRUARY 19, 2024

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent.

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Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Miller Samuel

MARCH 19, 2019

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.

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Housing Wire

DECEMBER 4, 2024

Ties to unemployment The year-over-year increase in delinquencies is reflected across multiple market metrics. Historically, insurance and taxes represent 30% of a borrower’s total mortgage payment, but this share went up to 33% last year. Meanwhile, rising homeownership costs are adding to the challenge.

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