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New York City Leads Nation in Property Taxes
The only major metro where property taxes are lower than $1,000 a year is Birmingham. Continue Reading New York City Leads Nation in Property Taxes
Housing Industry Coach Gibran Nicholas Declares Candidacy for Democratic Presidential Nomination
Nicholas said the nation is “going through sort of a mid-life crisis” three years ahead of its 250th anniversary. Continue Reading Housing Industry Coach Gibran Nicholas Declares Candidacy for Democratic Presidential Nomination
California Homeownership Affordability Continues to Evaporate
A minimum annual income of $186,800 was needed to qualify for the purchase of a $822,320 statewide median-priced, existing single-family home in 2022. Continue Reading California Homeownership Affordability Continues to Evaporate
Production Profits Plummet for Independent Mortgage Banks
“For the first time since the inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points,” said MBA’s Marina Walsh. Continue Reading Production Profits Plummet for Independent Mortgage Banks
$339.8 Billion Collected in U.S. Single-Family Home Property Taxes in 2022
The states with the highest effective property tax rates in 2022 were New Jersey (1.79%), Illinois (1.78%), Connecticut (1.57%), Vermont (1.43%) and Nebraska (1.36%). Continue Reading $339.8 Billion Collected in U.S. Single-Family Home Property Taxes in 2022
FHFA Updates GSEs’ Equitable Housing Finance Plans
“Bringing more equity into the housing finance system is a step in the right direction,” said FHFA Director Sandra L. Thompson. Continue Reading FHFA Updates GSEs’ Equitable Housing Finance Plans
