Housing Wire

JANUARY 22, 2025

LERETA highlighted that 68% have experienced monthly mortgage payment increases due to rising property taxes and insurance premiums. LERETA also found that 49% of respondents would consider selling and moving if property taxes increased. Since 2023, 80% of respondents saw property tax increases.

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Housing Wire

NOVEMBER 19, 2020

A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners while increasing property taxes for those inheriting their parents’ or grandparents’ properties. Presented by: CoreLogic.

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Property Taxes Realtors Inventory Law 493

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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Property Taxes Law Government Marketing 475

Appraisal Buzz

OCTOBER 25, 2024

Escalating home values have driven up property taxes, leading to homeowner distress, making it more important than ever to help them understand and plan for these increases. These systems can handle common borrower questions related to property taxes, such as payment schedules or tax amounts due.

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Property Taxes Tools Technology Investing 195

Housing Wire

NOVEMBER 26, 2024

Mortgage technology platform Haven is allowing its users to access property tax monitoring and protesting services. The New Jersey-based company has partnered with property tax service provider Ownwell , according to a recent joint announcement. Mortgage servicers and investors can also benefit from this collaboration.

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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

SEPTEMBER 24, 2024

The mayor of South Portland, Maine , recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. Property taxes in the city — as is the case with many localities nationwide — are higher, and the tax burden is increasingly shifting from commercial to residential properties.

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Property Taxes Mortgage Real Estate Finance 468

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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Property Taxes Mortgage Tools Clients 459

Housing Wire

JULY 26, 2021

As these companies examine critical operational workflows, the property tax reporting process often stands out as an opportunity for re-engineering. Digitizing Property Tax Reporting. Given there are over 22,000 tax agencies in the U.S.,

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Property Taxes Technology Lending Development 435

Inman

NOVEMBER 8, 2024

Realtor.com Chief Economist Danielle Hale cautioned that while North Dakota’s property tax system might benefit from reform, eliminating it entirely could create even greater challenges. State officials estimated that Measure 4 would cost North Dakota $3.15 billion in lost revenue over two years.

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Housing Wire

MARCH 31, 2025

“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. “Recent proposals to eliminate property taxes could accelerate these trends while raising questions about funding essential services.”

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Insurance Property Taxes Construction Transportation 445

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 18, 2025

Utility and maintenance costs also factor into the equation, as do property taxes and homeowners insurance. By 2016, this figure had increased to more than 16%. While home prices, mortgages and other fees are drivers of this burden, they are not alone.

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Housing Market Property Taxes Marketing Insurance 364

Housing Wire

MARCH 16, 2021

Plaza Home Mortgage was no exception, as it sought to improve its property tax estimation process. This case study explores how the correspondent lender was able to reduce its property tax estimation time by upwards of 90% per loan by implementing CoreLogic’s Property Tax Estimator (PTE).

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Property Taxes Tools Clients Lending 397

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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Property Taxes Government Market Value Valuation 368

Appraisal Buzz

OCTOBER 22, 2024

Among this group, 51% said it because they did not want to be responsible for maintenance or repair costs, while 44% felt it was more affordable, while 37% said they didn’t want to be responsible for property taxes. Meanwhile, 44% preferred renting due to affordability, and 37% cited not needing to pay property taxes.

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Property Taxes Landlords Home Value Marketing 418

Appraisal Buzz

MARCH 12, 2025

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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Property Taxes Inventory Mortgage Law 311

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

MARCH 21, 2025

Property insurance premiums and property tax hikes have also added financial strain, particularly in disaster-prone regions like the Southeast and West, where insurance carriers are passing on higher costs to homeowners.

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Loan Officers Property Taxes Marketing Insurance 317

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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Property Taxes Market Value Appraisal Inspection 78

Housing Wire

MARCH 5, 2025

Conversely, property tax increases would be a primary motivator for 43% of homeowners to sell more quickly. And 30% of this group expressed concerns about losing their current rate if they sell their home. Confidence in the home selling process increases when certain conditions are met.

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Property Taxes Housing Market Real Estate Agent Real Estate 492

Housing Wire

FEBRUARY 13, 2025

Since the loan proceeds are not income, they are not subject to income taxes despite the requirement that borrowers remain current on their property taxes, homeowners insurance and (if applicable) homeowners association (HOA) fees.

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Property Taxes Mortgage HOA Insurance 360

Appraisal Buzz

MARCH 4, 2025

The findings suggest that rising costs of property taxes, insurance, utilities, and home maintenancerather than just mortgage paymentsare driving increased financial pressure, even for those who secured historically low mortgage rates in recent years.

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Property Taxes Bracketing Insurance Mortgage 360

Appraisal Buzz

SEPTEMBER 19, 2024

Escalating home values have driven up property taxes, leading to homeowner distress, making it more important than ever to help them understand and plan for these increases. With the trust of all the nation’s top 25 residential servicers and over 48 million loans under tax service, we’ve identified six strategies to help.

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Property Taxes Tools Technology Investing 221

Housing Wire

FEBRUARY 11, 2025

Other issues mentioned include down payments, property taxes and maintenance costs. High home prices, cited by 45% of respondents, were the most concerning factor among potential buyers, followed by rising mortgage rates at 25%.

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Renovations Mortgage Property Taxes Buyers 367

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

DECEMBER 20, 2024

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. This is comparable to existing policies in the market for conventional loans backed by Fannie Mae and Freddie Mac.

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Insurance Mortgage Property Taxes Design 418

Housing Wire

DECEMBER 3, 2024

Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Zillow offers a robust monthly cost calculator to help prospective buyers budget for monthly payments.

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Tools Finance HOA Property Taxes 397

Housing Wire

APRIL 2, 2025

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. Terms of the product are broadly similar to those that govern the Federal Housing Administration s Home Equity Conversion Mortgage ( HECM ) loan.

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Housing Wire

JANUARY 16, 2025

Mortgage and property tax payments are not the only expenses that prospective homeowners need to consider. Homeowners associations (HOAs) are commonplace, and more of them are requiring owners to pay up, according to a survey by Realtor.com. Realtor.com’s report found that 40.5%

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HOA Property Taxes Construction Buyers 397

Housing Wire

FEBRUARY 15, 2024

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. In 2023, 60% of the calls were related to escrow accounts, specifically shortages due to rising property taxes or insurance costs.”

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Property Taxes Insurance Mortgage Finance 505

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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Construction Property Taxes Inventory Mortgage 488

Housing Wire

JANUARY 27, 2025

The companies advertise no monthly payments and require consumers to assume all costs for property taxes, hazard insurance, and property maintenance, and require a large settlement payment, similar to the loans originated in the early 2000s that were negative amortizing and required a balloon payment at the end of the loan term, the report said.

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Contracts Mortgage Property Taxes Law 370

Appraisal Buzz

NOVEMBER 21, 2024

Fears around crime/safety and climate risks were among the top reasons for moving, ranking ahead of reasons like lower property taxes (11%), family changes (10.3%), and higher school ratings (8.8%). Redfin’s report focuses on 904 respondents who indicated they will move in the next year.

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Property Taxes Brokerage Insurance Real Estate 365

Housing Wire

NOVEMBER 10, 2020

The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978. Now, eligible homeowners may transfer their tax assessments anywhere within the state – including the ability to transfer tax assessments to a more expensive home with an upward adjustment.

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Real Estate Property Taxes Renovations Development 476

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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Real Estate Insurance Property Taxes Marketing 420

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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Mortgage Renovations Finance Property Taxes 396