New "troubling sign" for U.S. housing market, according to report
Confidence among home builders fell for the eighth consecutive month in August, dropping six points to 49, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released on Monday. The report marks the first time since the pandemic began that the index fell below 50 points.
“I was in shock”: California rents are spiking — and in places you might not expect
Los Angeles Times
'I was in shock': California rents are spiking - and in places you might not expect California rents are spiking again as the pandemic eases, bringing sticker shock and increases in some communities you might not expect. At the height of the pandemic, as people relocated from major cities, rental prices dipped everywhere.
DISTRICT OF COLUMBIA
Some D.C. Homeowners Face Massive Vacant Tax Bills
When Fort Totten resident Dan received his twice-a-year property tax bill last week, he wasn't expecting the surprise he got: D.C. was charging him $19,434.75 for the second half of 2022, almost 10 times the same tax bill for the first half of the year.
Elected officials use residential valuation spike to hide property tax increases
The impact on each homeowner varies based on each property's valuation change. The average residential increase in Wyandotte County is a whopping 17%, while Commercial and Industrial property jumped 6%.
United States Court of Appeals for the Fourth Circuit Nixes Maryland's Attempt to Give Tax Sale Purchasers A Home Field Advantage
Real property tax sales provide opportunities for investors to acquire properties for below market prices if the properties are not redeemed from sale or to earn interest on the taxes paid at the tax sale at generous rates if the properties are redeemed.
Court: State Can't Tax Tribal Lands That Change Hands
The state can't impose property taxes on tribal lands that have changed hands without congressional approval, a federal appeals court ruled Monday. The decision from a three-judge panel from the 7th U.S. Circuit Court of Appeals marks another chapter in a lawsuit four Chippewa tribes from northern Wisconsin filed in 2018.