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ReportL 2020 Sees Dip in Tall Building Completions

Construction Junkie

2020 continued the trend of less tall buildings, with a 20% decline versus 2019, but that shouldn’t be all that surprising given the year we had last year. 2020 continued the trend of less tall buildings, with a 20% decline versus 2019, but that shouldn’t be all that surprising given the year we had last year.

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Homeownership Wealth Gains for Second Quarter of 2020

Pro Builder

Homeownership Wealth Gains for Second Quarter of 2020. Tue, 11/03/2020 - 09:42. Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. cbroderick.

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Rising Home Prices Mean Higher Loan Limits for the New Year

Pro Builder

Across most housing markets, loan limits for conforming loans acquired by Fannie Mae and Freddie Mac will increase from $548,250 to $647,200 in 2020, a $98,950 increase to account for changes in home prices. percent between the third quarters of 2020 and 2021, so the conforming loan limit will increase by that same percentage.

Finance 95
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Homeowners in These States Paid the Highest Property Taxes in 2021

Pro Builder

The Northeast accounted for the largest share of U.S. After accounting for 39.9% of state and local tax receipts in 2020 due to a broad decline in income tax revenue as a result of the pandemic, property taxes made up 36.2% Other factors are clearly at play, and state and local government financing turns out to be a major one.

Texas 96
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Property Tax Collections Remained Stable in 2021

Pro Builder

A steady stream of property taxes accounted for the largest share of state and local revenue throughout 2021. Property taxes accounted for 36.2% Year-over-year growth of four-quarter property tax revenue has decelerated over the past two quarters after accelerating each quarter from Q3 2020 to Q2 2021. Housing Policy + Finance.

Income 52
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Property Taxes Made Up the Largest Share of State and Local Tax Receipts in 2021

Pro Builder

Property taxes accounted for $672.5 Property taxes accounted for 36.2% of state and local tax receipts from the fourth quarter of 2020 to the final quarter of 2021 for a whopping $672.5 Housing Policy + Finance. Property Taxes Made Up the Largest Share of State and Local Tax Receipts in 2021. Thu, 03/24/2022 - 10:37.

Income 52
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Buyers Turn to Cash and Higher Down Payments to Snag Homes

Pro Builder

In March, homes received an average of five offers, whereas homes only saw two offers on average in 2019 and 2020. NAR notes this widens the wealth and income divide among those who are financially wealthy and those yet to build up wealth. In the state of Utah, REALTORS® reported an average of seven offers per home sold. Read More. .