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13.04.26 - 19:21
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US Property Taxes Rose 3 Percent On Average In 2025, Outpacing Inflation (ZeroHedge)
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US Property Taxes Rose 3 Percent On Average In 2025, Outpacing Inflation
Authored by Rob Sabo via The Epoch Times (emphasis ours),
Property taxes are rising across the United States and, on average, have outpaced inflation.
Homeowners in 2025 paid a total of $396.8 billion in property taxes on more than 89.6 million single-family homes, a 3.7 percent increase from 2024, an April 9 report by real estate property data provider ATTOM states.
The average single-family home paid $4,427 in taxes, up by 3 percent from 2024, driven by a higher effective tax rate, according to the report.
The ATTOM report analyzed tax data collected from assessment offices, combined with estimated market values of single-family homes. The estimated home value of $494,231 for 2025 was down by 1.7 percent year-over-year, ATTOM noted, following a significant spike in 2024.
Nationally, the effective tax rate on single-family residences in 2025 was 0.9 percent, up slightly from the prior year and the highest since 2020, whe...
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13.04.26 - 16:18
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Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates (ZeroHedge)
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Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates
Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh the former with a modest 0.7% MoM decline (after January's plunged - weather? - and February's modest rebound).
The analysts under-estimated the fear from war-mongering as existing home sales plunged 3.6% MoM (down bigly from an upwardly revised 2.7% MoM jump in Feb). That is the second biggest drop in existing home sales since Nov 2022...
Source: Bloomberg
That dragged Existing Home Sale SAAR back below 4 million homes (3.98m to be exact), near the lowest level since Lehman...
Source: Bloomberg
The NAR report showed the median selling price rose 1.4% from a year earlier in March, to $408,800.
Source: Bloomberg
Pushing Existing (Used) House prices back above New House Prices...
The inventory of previously owned homes edged up to a four-month high but remains historical...
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