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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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FHA borrowers would get mortgage insurance relief through proposed House bill

Housing Wire

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

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Florida’s housing affordability crisis is reaching a breaking point

Housing Wire

Florida’s long-standing reputation as America’s affordable sunshine paradise is rapidly dimming under the weight of skyrocketing housing costs, unsustainable insurance premiums and crumbling infrastructure, according to a new report from real estate analytics firm Cotality.

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The housing market is ‘failing older adults,’ Urban Institute says

Housing Wire

housing market particularly its levels of affordability, available inventory and accessibility for those with mobility or cognitive challenges presents a unique challenge for older Americans on fixed incomes. Utility and maintenance costs also factor into the equation, as do property taxes and homeowners insurance.

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Struggling homeowners often don’t understand escrow

Housing Wire

Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. That finding comes from a survey released Tuesday by tax and flood services provider LERETA. LERETA highlighted that 68% have experienced monthly mortgage payment increases due to rising property taxes and insurance premiums.

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Homebuyers are taking more risks in an obstacle-filled market

Housing Wire

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. I believe the concerns for the market at this point are dramatically related to geographics. A report from First Street projected a potential $1.5 Dont obsess with finding the perfect first home.

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Insurance worries are forcing homeowners to rethink their living arrangements

Housing Wire

American homeowners are struggling to keep up with unpredictable natural disasters and the rising homeowners insurance premiums that follow them. Residents are more willing to move if it means avoiding high insurance rates, according to a new study from mortgage technology company Maxwell.

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