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The typical homeowner saw their property tax bill rise 2.7% last year

Property tax collections on U.S. single-family homes fell slightly in 2024 despite continued growth in home values, according to an analysis released Thursday by ATTOM. The report, based on tax data from nearly 86 million homes nationwide, found that $357.5 billion in property taxes were levied in 2024 — a 1.6% decrease from the previous year. But the average tax bill rose to $4,172, up 2.7% from...

NRMLA announces 2025 western, annual meeting details

Less than two weeks ahead of its first in-person meeting of the year, the premiere trade association for the reverse mortgage industry has announced preliminary details for both its upcoming regional meeting and its annual meeting and expo slated for later this year. The National Reverse Mortgage Lenders Association (NRMLA) announced in a member update this week that the 2025 edition of the annual event...

Trump administration eyes deep cuts to Section 8 housing vouchers

The White House is considering sweeping cuts to federal housing assistance programs, including the Section 8 voucher system, in a move that could leave millions of low-income families without rental support, The New York Times reported Thursday. According to the Times, President Donald Trump and administration officials have discussed the dismantling of existing aid that would be replaced with a smaller...

Assessing the reverse mortgage technology landscape

Reverse mortgages have a minimum age requirement that serves as a key differentiator for the product. But it also leads to questions about how much — or how little — technology tools can or should interact with the business. But things seemed to take a step forward last week when one of the leading lenders in the space, Fairway Independent Mortgage Corp., announced that it was implementing hybrid...

6 charts that show storm clouds brewing over the spring homebuying season

The housing market is facing unprecedented uncertainty and volatility headed into the spring buying season. Recent reports and data signal that the impacts are setting in. Homebuilders D.R. Horton and KB Homes held earnings calls this week, and the results aren’t great. In the first quarter of 2025, KB Homes took a $334 million loss in cash resulting from operations. Net sales orders and home sales...

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