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Monster in your mailbox: Property tax bills are soaring along with home prices Nationwide property taxes grew twice as fast in 2020. A surge in home sales prices is fueling a jump in average single-family home property taxes.(Amy Sancetta / AP) Even if you aren’t house shopping, get ready for some sticker shock. With home prices rocketing higher in Dallas-Fort Worth during the last year, it’s not just home costs that are headed higher. Property tax appraisals will see a jump, too. Single-family home sales prices in North Texas were up almost 10% last year. And during the first two months ...

Homes remain affordable for many Ohioans, despite rising prices Jim Weiker, The Columbus Dispatch © AL BEHRMAN, AP ** ADVANCE FOR USE SUNDAY, AUG. 2, AND THEREAFTER ** In this July 24, 2009 file photo, a sold sign is posted outside a home in Cincinnati. Nationwide, home resales are up 9 percent from January, on a seasonally adjusted basis, while new home sales have climbed 17 percent. And construction, while still anemic, has risen almost 20 percent.(AP Photo/Al Behrman) Despite skyrocketing home prices, most Americans, including most Ohioans, can still afford to buy a home...

Buying a home in Ohio more affordable than in many other U.S. metro areas Because of their relatively low home prices, Ohio metro areas were among the most-affordable cities in the nation. In Cuyahoga County (Cleveland), a typical home required 14.4% of typical wages; in Summit County (Akron), 14.8%; in Allen County (Lima), 13.5%; in Montgomery County (Dayton), 16.3%; in Lucas County (Toledo), 14.9%; in Mahoning County (Youngstown), 15%; and in Hamilton (Cincinnati), 19.3%. In Franklin County, a typical home consumes 19.8% of income, one of the highest rates in the state but still well in ...

When they bought the house in 2017, “our rate was 3.875 percent, the lowest I had seen,” said Jordan Chalmers, a real estate agent. Meg Chalmers is a speech therapist. In October they refinanced at 2.99 percent, at the same time switching from a 30-year mortgage to a 25-year. “We dropped $300 a month and five years,” Jordan Chalmers said. Nationwide, refinancing was up about 71 percent during 2020, according to Attom. It doubled during the year in a few other big cities: Seattle (up 107%), Washington, D.C. (up 104%) and Houston (up 103%).  A difference in Chicago is that refinancing ...

Inman Connect This month, we’ll talk to mortgage leaders about where the market is headed and how products are evolving digitally to suit buyers’ needs now. We’ll also explore emerging alternative financing options that are changing the game for buyers and sellers. Join us for Mortgage and Alternative Financing Month. A total of 3.51 million residential mortgages were originated during the fourth quarter of 2020 across the U.S., according to a new report from Attom Data Solutions. That number yielded a 5.5 percent increase from the previous quarter and a 48 percent increase from the yea...