Remove Home Value Remove Housing Market Remove Property Taxes Remove Real Estate
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Property taxes have been rising. Here’s what it means for housing

Housing Wire

In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. The market has since cooled off, but taxes are going up.

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U.S. property taxes increased twice as fast in 2023 compared to prior year

Housing Wire

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 one year earlier.

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Need a Property Tax Appeal?

D Fritz Appraisals

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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Build-for-rent is a bet on the ‘new normal’ housing market

Housing Wire

“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.”. Single-family homebuilders, too, are looking to capitalize on the build-for-rent market, with Lennar Corp.,

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Opinion: How did homeowners get into home equity prison?

Housing Wire

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

Law 413
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How Refinancing Affects Real Estate Taxes

PennyMac

As a result of a refinance, it’s common for your monthly payment and even your total loan amount to change — but will your property taxes go up? Your property taxes will not go up if you refinance, but let’s dig a little deeper in order to clear up any confusion or concerns. How Your Property Tax is Calculated.

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Banking Failures & Their Impact On the Housing Market - Part 2 - The REO Dilemma

Eppraisal

In this installment, we examine the implosion of a bank and how its real estate assets are consequently impacted. Real estate owned (REO) properties are those that were once collateral to an active mortgage but were seized in foreclosure actions. Still, just as often, the real estate goes unbought.