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 »
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 »
Ownwell, a fintech platform designed to assist homeowners with property tax appeals, completed a Series B round, the latest 2026 funding announcement for companies focused on finding homeownership savings. Processing Content The $50 million raise for the Austin, Texas-based company included $30 million of equity in the round, which was led by Alpha Edison and
Property tax relief fintech attracts $50M capital raise Read More »
D.R. Horton and its lending arm are defending their underwriting practices as lawful, after borrowers sued the companies for saddling them with mortgage payment shocks. Processing Content The homebuilder’s motion to dismiss, filed Monday in a Nevada federal court, is its first response to a class action suit, which raises racketeering claims. Home buyers say
DR Horton defends practices in RICO mortgage case Read More »
The ever-growing amount of equity seniors hold in their current homes is likely contributing to another phenomenon, as more owners are passing their property onto their heirs, who are keeping it as a place to live. Processing Content Americans 62 and older as a group now hold $14.66 trillion of total equity as of the
Record senior equity shifts to heirs, not the open market Read More »
Point-Aux-Chenes, Louisiana, after Hurricane Ida in 2021.Bloomberg News Climate change-driven disaster risks are having a measurable impact on property insurance rates and home values, according to a recent National Bureau of Economic Research paper. Processing Content In a paper released in June 2024 and revised last month, academics Benjamin Keys and Philip Mulder say their
Impact of climate-fueled disasters seen in insurance, real estate data Read More »
The property insurance portion of the average mortgage payment keeps rising, and is now just shy of 10% of the average monthly expense, ICE Mortgage Technology said in its September Mortgage Monitor Report. Mortgage payments are broken down into two components — principal and interest, and taxes and insurance; the latter normally goes into the
Property insurance nears 10% of mortgage costs Read More »
The national property tax delinquency rate accelerated last year, with data indicating potential emerging financial strain among some segments of mortgage borrowers. The share of property tax delinquencies across the U.S. increased to 5.1% in 2024, rising from 4.5% one year earlier, according to a new report from real estate data provider Cotality. The research
More homeowners struggle to keep up with property taxes Read More »
State and local governments saw property tax revenue grow in the first quarter, but the latest increase reflected a slowdown from the reported pace a year earlier. The amount of property tax collected between January and March came in at $203.4 billion to start the year. The total surged 5.2% on an annual basis from
Property tax revenue comes in at over $203B in first quarter Read More »
The Mortgage Bankers Association was pleased the Senate version of the reconciliation bill keeps many of its priorities in place, while taking out the so-called revenge tax. However, the bill does differ from the House of Representatives version and the two need to conform before it can go to President Trump for signature. Furthermore, because
Senate tax bill keeps MBA wins, guts CFPB funding Read More »