Housing Wire

APRIL 4, 2024

property taxes on single-family homes rose twice as fast in 2023 as they did in 2022, with a total of $363.3 This is according to an analysis conducted by Attom , based on property tax data collected from county tax assessor offices nationwide at the state, metro and county levels. billion levied compared to $339.8

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Housing Wire

MARCH 5, 2025

A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housing market conditions ranking among their top fears, according to a recent survey by Clever Real Estate. Conversely, property tax increases would be a primary motivator for 43% of homeowners to sell more quickly.

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Housing Wire

MAY 22, 2024

Unpaid property tax debts are leading to preventable foreclosures , with the greatest impacts on Black and Latino households and older homeowners living on fixed incomes. But if states take proactive measures to reform policies and disclosures around tax foreclosures, this could go a long way to prevent unnecessary home displacements.

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Housing Wire

APRIL 17, 2024

A retired public school teacher living in the Pacific Northwest told MarketWatch that he is feeling stressed by high property taxes on a fixed income and asks if he would be a good candidate for a financial adviser. for 49 years, and my property taxes rise quickly. I have lived in Edmonds, Wash.

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Housing Wire

MARCH 31, 2025

Homeowners now spend 35% to 45% of their income on housing costs, far above the recommended 28% threshold, Cotality explained. “The last 25 years have seen home prices, homeowners’ insurance, and property taxes surge in Florida ,” Selma Hepp , Cotality’s chief economist, said in the report.

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Insurance Property Taxes Construction Transportation 412

Housing Wire

FEBRUARY 3, 2025

Ownwell is unveiling a new partnership that aims to help homeowners save money by avoiding higher property tax payments. On Monday, the company said it would partner with mortgage servicing company Valon to offer property tax savings services. This is Valon’s latest move to upgrade its mortgage servicing platform.

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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.

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Housing Wire

DECEMBER 3, 2024

Prospective homeowners enter the housing market with two questions: Where do I begin? Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. How much home can I afford?

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Appraisal Buzz

MARCH 12, 2025

homeowner stays in their house for 11.8 years, but homeowners in Californiawhere Proposition 13 can lock owners into low property-tax ratesare staying put much longer. In Los Angeles, where homeowners hold onto their houses longer than any other U.S. A new study by Redfin has found that the typical U.S.

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Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. Census Bureau.

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Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. Property taxes are another factor that is slowing things down. Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago.

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Housing Wire

FEBRUARY 11, 2025

Other issues mentioned include down payments, property taxes and maintenance costs. And RESimpli noted that “this openness to fixer-uppers suggests buyers are unable tofind affordable homeson the market,” since only 20% of respondents expressed a lack of interest in homes with rehab needs.

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Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. Every borrower is looking for a property with a basement to rent, said Andreia Faustino, a Utah-based LO with American Pacific Mortgage.

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Housing Wire

FEBRUARY 13, 2025

The articcle also points out that even if the housing market is turbulent, HECM borrowers will never owe more than the home is worth, owing to the loans nonrecourse feature backed by Federal Housing Administration (FHA) insurance.

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Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. How 2020 is still shaping the way lenders use data.

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Housing Wire

NOVEMBER 26, 2024

Mortgage rates have been rising and the housing market is also experiencing the impacts of hurricanes. That’s because the South is also dealing with higher property taxes, higher home insurance costs , and a lack of migration; all three have made their markets softer than other parts of the U.S.

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Housing Wire

DECEMBER 17, 2024

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.

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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.

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Marketing Housing Market Property Taxes Construction 370

Housing Wire

FEBRUARY 26, 2025

real estate investors are planning to grow their portfolios and invest significantly in property improvements in 2025, according to a new survey from property management software provider RentRedi. landlords plan to acquire new properties this year. A majority of U.S.

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Housing Wire

NOVEMBER 22, 2024

Higher mortgage rates dissuaded would-be homebuyers from purchasing flipped properties, while growing competition from new and resale inventory made things more difficult for these investors. These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed.

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Investors Mortgage Property Taxes Inventory 434

Housing Wire

OCTOBER 24, 2024

With affordability, insurance, and property tax concerns in southern states like Texas and Florida, inventory is picking up more in those areas — which doesn’t seem like the backdrop to be shelling out a lot of housing permits for construction. In the new home sales report, we have about 1.8

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Housing Wire

JANUARY 9, 2023

“With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. on an annualized basis, according to Fannie Mae , to as much as 20%, according to some market forecasts.

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Housing Wire

FEBRUARY 5, 2025

Incoming residents could economically benefit more climate-resilient regions, as they would likely draw in more property tax income. North Dakota and Montana are two examples of key migration destinations, according to First Street. This means more money for schools, infrastructure and other local initiatives, First Street pointed out.

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Appraisal Buzz

DECEMBER 16, 2024

Florida is a top retirement destination in part because it doesnt tax retirement income. But that benefit is beginning to be offset by a surge in insurance costs and HOA fees caused by intensifying natural disasters ,along with rising property taxes.

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HOA Insurance Buyers Property Taxes 392

Housing Wire

FEBRUARY 21, 2023

Although there have been some recent positive signs in the housing and jobs markets, those signs point to stubbornly high inflation and a corresponding stubbornness on the part of the Federal Reserve to continue raising interest rates over the longer term to fight inflation.

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Appraisal Buzz

FEBRUARY 4, 2025

Utilizing peer-reviewed methodologies and macroeconomic modeling, Property Prices in Peril estimates a potential $1.47 This reallocation of economic activity will have profound implications for local government revenues, with at-risk areas facing reductions in property tax income, while more resilient areas stand to gain.

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Housing Wire

JUNE 24, 2024

The Seattle area is a hot housing market. And a state property tax relief program recently raised its maximum income threshold to allow more Puget Sound-area seniors to qualify. Even if you have your home paid off, if you can’t afford the property taxes, that’s a problem,” she said. year over year.

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Appraisal Buzz

MARCH 20, 2025

Profits and profit margins rose slightly in 2024 on typical buy-renovate-and-resell projects, but margins remained at one of their low points over the past decades, as investors continued struggling to take advantage of the nations housing market boom. That was up from $67,846 in 2023, and translated into a 29.6%

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Housing Wire

FEBRUARY 27, 2025

As a housing economist, insurance costs and the effect of insurance on the housing market is not something weve ever really worried about, Selma Hepp , chief economist at CoreLogic , told attendees at HousingWire s Housing Economic Summit on Wednesday.

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Housing Wire

SEPTEMBER 5, 2024

Housing markets across the country have stalled due to elevated mortgage rates and limited for-sale inventory , but some counties are at risk of a more dramatic downturn. The housing market boom continues to gain momentum, thanks to another [seasonal] boost,” Attom CEO Rob Barber said in a statement.

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Housing Wire

FEBRUARY 27, 2025

According to the report, 57% of respondents would strongly consider moving altogether to avoid high insurance premiums and property taxes. Nearly 50% of homeowners worry about their ability to afford a home as taxes and insurance premiums rise. Homeowner ages ranged from 18 to 55.

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Housing Wire

JULY 23, 2024

Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% Housing markets that were hot after the pandemic began had the highest cancellation rates last month as many of those markets have cooled. of homes that went under contract.

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Buyers HOA Property Taxes Inspection 459

Housing Wire

JANUARY 3, 2022

However, ATTOM noted that the latest level is still within the 28% standard lenders prefer for how much homeowners should spend on mortgage payments, home insurance and property taxes. The post Home affordability plummeted in fourth quarter appeared first on HousingWire.

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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.

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Housing Market Property Taxes Inventory Buyers 497

Housing Wire

DECEMBER 3, 2020

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said. The state’s going to make a lot of money.”.

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Property Taxes Realtors Law Inventory 433

Appraisal Buzz

MARCH 24, 2025

A major economic downturn (29%) is the most reported reason sellers would delay their plans, while a property tax increase (43%) would be the biggest motivator to expedite selling. !function(e,n,i,s){var Miami is currently the slowest market in the U.S., There are even broader economic concerns at play in decision-making.

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Sellers Property Taxes Marketing Inventory 248

D Fritz Appraisals

DECEMBER 16, 2022

What to do When Your Property Tax Assessment Seems Too High. In early January each year, every home in British Columbia receives its property tax assessment notice through the mail from BC Assessment. Some property owners may be surprised and possibly even concerned with their home property assessment amount.

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