Real Estate News 02/28/2024

Today’s News Synopsis:

“Property tax rates also vary within states, tending to be higher in urban counties than in rural ones,” William F. Shughart II, a professor in public choice at Utah State University, said in a statement. “Property tax receipts in most jurisdictions are in large part allocated to fund public schools, although they can be spent on financing other so-called public goods, such as 911 response systems and training people responsible for fielding emergency telephone calls.”

In The News:

Realtor.com – “Think Your Property Taxes Are High? See How Much Homeowners Pay in the Cheapest and Most Expensive States“ (02-20-24)

“The Garden State continued to have the dubious honor of having the nation’s highest property taxes, according to a recent report from personal finance website WalletHub. New Jersey homeowners paid a median of $9,345 in 2022, according to the report.”

Real Estate News.com –  “Home price growth bucked historical norms in 2023” (02-27-2024)

“Despite market challenges, the Case-Shiller Index was up 5.5% annually in December, exceeding national averages over the past three decades.”

uDirect IRA –  “YOUR GUIDE TO SELF-DIRECTING AN IRAEXPLORING SELF-STORAGE PROPERTIES” (02-28-24)

“Individual Retirement Accounts (IRAs) offer individuals a powerful tool for saving for retirement. Traditionally, IRAs have been associated with investing in stocks, bonds, and mutual funds. However, many people are unaware that they can take a more active role in managing their IRA investments through self-direction. ”

NAR –  “Hot Home Trend: Colorful Appliances” (02-26-2024)

“Stainless steel still dominates in kitchen appliances, but manufacturers are daring to dream in different colors. Your choices are growing, from colorful refrigerators and cooktops to coffee makers and mixers.”

National Apartment Association –  “ESG: Where Are We Now?” (02-27-24)

“The rise of environmental, social and governance (ESG) factors has accelerated in the worlds of finance, politics and the multifamily housing industry. It has accumulated new designations and labels along the way including green finance, social impact investing and mission-driven finance.”