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Single-family property taxes went through the roof in 2025
5+ hour, 50+ min ago (564+ words) State and local governments collected nearly $397 billion in single-family property taxes last year, assessed against roughly 89. 6 million homes across the U. S. , according to a new analysis by real estate analytics firm Attom. The $397 billion figure reflects a 3. 7% increase from 2024, with the…...
Prewar PCE inflation rose as forecast in February
4+ hour, 20+ min ago (660+ words) Before the ramp-up in oil prices and associated impacts from the Iran war, the Federal Reserve's preferred inflation gauge increased 0. 4% in February to reflect 2. 8% growth from year-ago levels, matching January's pace. Updating its closely watched personal consumption expenditures (PCE) index…...
Middle East conflict looms large in Fed minutes
7+ hour, 30+ min ago (470+ words) If there were any doubt about the outsized role the Iran war has played in economic narratives since the regional conflict commenced 40 days ago, consider this: The phrase "Middle East" appears 21 times in the minutes from the latest Federal Open…...
Community bankers maintain optimism despite rising economic and regulatory concerns
21+ hour, 35+ min ago (337+ words) Community bankers across the U. S. remain largely optimistic about the year ahead, though emerging anxieties surrounding inflation, monetary policy and geopolitical conflicts are beginning to temper their confidence. That's according to the latest quarterly survey released by the Conference of State…...
First American sues Novad for $1. 6 million in ongoing reverse mortgage dispute
1+ day, 21+ hour ago (491+ words) Title insurance giant First American Financial Corp. has filed a federal lawsuit against embattled reverse mortgage servicer Novad Management Consulting LLC, alleging breach of contract while seeking to recoup more than $1. 6 million in unpaid fees plus interest. First American and…...
Refinance mortgage demand hits multimonth lows in early April
1+ day, 3+ hour ago (387+ words) Purchase mortgage applications sank below year-ago levels in the last days of March and early April amid what the Mortgage Bankers Association (MBA) called "higher mortgage rates and continued economic uncertainty" in its latest weekly report of mortgage demand. The…...
Home builder stocks slide as rising mortgage rates, oil prices collide
2+ day, 1+ hour ago (53+ words) Home builder stocks have fallen sharply since the Iran war began, as higher oil prices and rising mortgage rates squeeze demand and margins. Home builder stocks slide as rising mortgage rates, oil prices collide Scotsman Guide PRO membership Get unlimited…...
NAR dashboard reveals localized disparities in commercial real estate performance
1+ day, 22+ hour ago (371+ words) An old industry adage suggests that all real estate is local. An interactive commercial real estate dashboard released Monday by the National Association of Realtors (NAR) bears that out, revealing wildly differing fundamentals across major U. S. metros in key metrics like…...
Fed's Goolsbee warns of stagflation risks
1+ day, 19+ hour ago (495+ words) If the U. S. economy were a game of "red light, green light," the light has just turned yellow, leaving market participants approaching the intersection with the difficult choice of pumping the breaks or flooring the accelerator. In a nutshell, that metaphor…...
Lock-in effect lingers as sub-6% mortgage holders refuse to give up their rates
1+ day, 19+ hour ago (370+ words) Even as the housing market evolves in 2026, the mortgage rate lock-in effect remains firmly entrenched. More than a third (35%) of U. S. homeowners holding a mortgage rate below 6% say they would not give up their current rate under any circumstances, with 47% stating…...
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