U.S. Property Taxes Near $400 Billion in 2025

Falling Home Values Fail to Ease Tax Burden A slight cooling in U.S. home prices did little to relieve pressure on homeowners in 2025, as property taxes climbed to nearly $400 billion and effective tax rates reached their highest level in five years, underscoring the growing disconnect between market values and local tax burdens. New figures from ATTOM show that local governments levied $396.8 billion in...

Will new tax on ultra-luxury NYC homes derail red-hot demand?

New York Governor Kathy Hochul is reversing course and throwing support behind a proposed annual tax on high-end second homes in New York City. Hochul, who had previously resisted the measure, now says affluent property owners — particularly those with multimillion-dollar second homes — should help shoulder the burden of growing revenue gaps. The proposed “pied-à-terre” tax would apply to...

U.S. Home Sellers Cut Prices at Record Rate as Buyer Leverage Expands

More than one-third of U.S. home sellers reduced their asking prices in February 2026, the highest share for the month in more than a decade, underscoring a housing market increasingly tilted in favor of buyers, according to data from brokerage Redfin. A total of 34.2% of sellers lowered their list price during the month, up from 31.5% a year earlier and the highest February share in records dating back to...

California lawmakers weigh state-backed loans for downtown housing towers

California lawmakers are weighing yet another tool in the housing toolbox to jumpstart high-rise construction in the state’s largest downtown areas. Assembly Bill 2074, dubbed the Downtown Revitalization Act, would ease approvals and offer state-backed, low-interest financing near major transit hubs. The bill calls for seeding a loan fund with $500 million. The bill is moving through the committee...

MBA chief economist says mortgage rates, inflation will stay elevated through 2026

Mortgage rates and inflation are expected to remain elevated through 2026 as pressures tied to geopolitical tensions keep Federal Reserve rate cuts on hold. That’s according to Mike Fratantoni, chief economist and senior vice president of research and business development at the Mortgage Bankers Association (MBA). Speaking during an economic outlook session at the MBA’s National Advocacy Conference...

Why is housing inventory growth slowing down in 2026?

After the release of the March existing home sales report, which missed estimates, the fact that housing inventory growth is slowing down has caught some people off guard. States like Florida, which some people said would see worse-than-2008 housing inventory increases in 2026, are already negative year over year. Even the Dallas-Fort Worth-Arlington metro has negative year-over-year...

Brynn Carmody’s burnout as a real estate agent sparked an AI platform for the entire industry

In the male-dominated space of real estate tech companies, 26-year-old Brynn Carmody stands out.  “It is definitely hard walking into serious spaces like AI and being taken seriously,” Carmody said. “I’m young, I’m a woman and it’s a bootstrapped company, so I don’t have those typical signals people look for, for credibility, but what I do have is a product I actually built and the lived...

White House backs deregulation as it looks to address estimated 10M housing deficit

The White House estimates that the U.S. has a housing shortage of 10 million single-family homes, according to the annual Economic Report of the President released on Monday. This shortage is largely a product of overregulation, the report claims. To combat the housing deficit, White House economists detailed possible regulatory cuts they say could spur new construction. They set their sights on...

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