article thumbnail

State and Local Property Tax Revenues Eclipse $700 Billion

Eyes on Housing

billion in taxes were paid by property owners in the four quarters ending Q2 2021.[1] 1] Four-quarter property tax revenues have climbed 13.2% Year-over-year growth of four-quarter property tax revenue has accelerated each of the past four quarters. NAHB analysis of the Census Bureau’s quarterly tax data shows that $703.5

article thumbnail

The Importance of Tax Escrow Payment Processing for Mortgage Servicer Operations

Appraisal Buzz

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reverse mortgage analysts weigh in on HECM limit for 2025

Housing Wire

In the reverse space, there is a single, national limit, as opposed to regional limits in place on the forward side, which are more representative of local property values. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs. Recent data estimates that U.S.

Mortgage 297
article thumbnail

Darwin Homes grabs $15 million in Series A funding

Housing Wire

The company was co-founded by early DoorDash executives Ryan Broderick and Zachary Kinloch, who said Darwin Homes aims to marry high-quality local property managers with best-in-class software. Single-family rentals are among the most attractive yet untapped asset classes in the U.S.

article thumbnail

homegenius offers 21st-century valuation solutions that take home price estimates to a new level

Housing Wire

By marrying advanced valuation automation with local property data in an innovative and exciting way, this allows agents and brokers to leverage these insights and have more confident pricing conversations with their clients.

Valuation 352
article thumbnail

Fannie Mae: Policymakers should look elsewhere to improve affordability

Housing Wire

“For ongoing non-mortgage costs in particular, expanding programs that help to reduce utility costs and limit property tax burdens for low-income households are obvious solutions.”. The federal government has no simple mechanism to reduce local property taxes or utility costs.

article thumbnail

Miami Beach formally recognizes Pacaso’s co-ownership model

Inman

Miami Beach officials passed an ordinance that approves co-ownership but requires the presence of a local property manager as well as adherence to a code of conduct, it was announced in April.