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Property Taxes: Increases, Payments, and Where They’re Surging Most

Appraisal Buzz

metro areas in Florida have seen the highest increases in property tax bills since the pandemic began, making it more difficult to afford a home in the Sunshine State, according to recent Redfin research. to $228 since 2019), according to a Redfin analysis of property taxes for single-family homes among the 50 most populous U.S.

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Opinion: Title insurance is an essential consumer protection  

Housing Wire

Title insurance provides vital protection to the largest and most important purchase most Americans will ever make—their home. Director Rohit Chopra himself, in a recent appearance before the House Financial Services Committee , shook his head “no” when asked whether title insurance was a “junk fee” in questioning from Rep.

Insurance 348
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The great contradictions of the real estate market moving into 2025

Housing Wire

Yet ‘renting by choice’ is also on the rise as it offers flexibility, less financial commitment, and freedom from the burdens of property taxes, maintenance, and insurance. In Florida, rising insurance premiums tied to natural disasters like hurricanes can make homeownership more of a liability than an asset.

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Investors turn their eyes to affordable housing opportunities

Housing Wire

The public and policymakers appear to be unflagging in their understanding and support for workforce housing, especially for essential workers, recognizing its pivotal role in community operations, said Brian Coffee, senior director for community investment capital for Synovus Bank in Birmingham, Alabama.

Investors 436
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CFPB official talks reverse mortgage safety, counseling resources

Housing Wire

The CFPB advises that upfront fees can be “as much as $6,000 plus closing costs in an initial mortgage insurance premium,” in addition to an annual mortgage insurance premium and obligations related to property taxes and homeowners insurance.

Mortgage 368
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Fix-and-flip investors say they’re discouraged by higher mortgage rates, home prices

Housing Wire

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.

Investors 338
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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Not tax advice. Consult a tax professional. † As with any mortgage, the borrower must meet their loan obligations: keeping current with property taxes, homeowners insurance, and maintenance.

Mortgage 416