Property tax revenues collected by local and state jurisdictions surged nearly 5% at the end of last year and continued an ongoing nine-quarter stretch of increases. Processing Content The $210.7 billion generated in the fourth quarter reflected a seasonally adjusted 1% uptick from $208.5 billion three months earlier, according to a National Association of Home […]
Property tax revenues jumped 5% in 2025 Read More »
Buyers have significantly more negotiating power than sellers in the housing market today, resulting in a record amount of home-sale cancellations, a new industry report found. Processing Content More than 42,000, or 13.7%, of home-sale agreements in the United States fell through last month, according to a Redfin report. That’s the highest February share in
Home sales cancelled at record rate as buyers hold power Read More »
Despite mortgage rates reaching nearly 4-year lows last month, the gap between sellers and buyers in the housing market grew to its largest size on record. Processing Content There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a new Redfin report. That is the
Sellers outnumber buyers by record margin in February Read More »
Palantir Technologies and Moder partnered to build an AI-powered mortgage operations platform and Freedom Mortgage was its first customer, the companies announced Thursday. Processing Content The cobuilt platform uses Palantir’s Ontology, a modeling layer that connects data to operational actions, to provide an agentic AI framework to integrate with existing systems of record. The platform
Palantir, Moder partner with Freedom Mortgage on AI ops Read More »
Younger Americans continue to see their share of the country’s real estate wealth shrink, while the oldest Americans have seen their portion grow, new industry data shows. Processing Content Americans 70 years or older held 26% of the United States’ $48 trillion in real estate wealth in the third quarter of last year, slightly less
Oldest Americans’ share of real estate wealth at record high Read More »
A new look at the country’s most at-risk housing markets finds Florida and California leading all states in the number of counties vulnerable to declines. Processing Content Florida communities made up 16 out of the “leading” 50 markets on the list, according to the latest housing risk report from real estate intelligence platform Attom. The
These housing markets face the greatest risk of decline Read More »
Homeowners are feeling the weight of surging tax and insurance costs, and first-time buyers are sometimes waking up to unpleasant surprises when they see the bill, according to a new analysis. Processing Content Property taxes and homeowners insurance costs now make up an average of 21% of monthly mortgage payments across the U.S., according to
Taxes, insurance eat 21% of mortgage payments Read More »
The housing supply gap expanded in the United States last year, driven by continued underbuilding, new industry data shows. Processing Content The gap hit an estimated 4.03 million homes, an increase from 3.8 million in 2024, according to the 2026 Housing Supply Gap Report from Realtor.com. This marked the third-largest annual deficit since 2012, behind
Underbuilding expands housing supply gap to 4 million Read More »
President Donald Trump and New York City Mayor Zohran Mamdani met at the White House Thursday to discuss a multibillion-dollar affordable housing plan. Processing Content Mamdani is seeking $21 billion in federal grants for a construction project at Sunnyside Yard, which would allow the city to build 12,000 new affordable homes, create 30,000 union jobs
Trump, NYC mayor talk $21B affordable housing plan Read More »
Homebuyer affordability worsened in January for the first time in seven months, despite mortgage rates hitting a three-year low. Processing Content The national median payment applied for by purchase applicants rose from $2,025 in December to $2,070 last month, according to the Mortgage Bankers Association’s Purchase Applications Payment Index. That’s on par with levels recorded
Homebuyer affordability dips after seven-month run Read More »