Real Estate News 9/25/2023

Today’s News Synopsis:

The amount Americans pay in annual property taxes varies by thousands of dollars depending on where they live, a Tax Foundation analysis reveals. The varying totals were calculated based on five years of Census data as of 2021, the most recent available.

In The News:

CNBC – “U.S. States where homeowners pay the most property taxes ” (9-23-2023)

“In New Jersey, residents pay a median of $8,797 — the highest of all U.S. states — based on data provided to CNBC Make It. In Alabama, the median property tax bill is only $646.”

Bankrate– “HOA Fees: Everything you need to know” (9-25-2023)

“A homeowners association, or HOA, is an organization within a community that sets and enforces rules for properties in its jurisdiction. These can include anything from what colors you can paint your house to how many pets you may have, and what kind.”

Forbes– “Could  A Goverment Shutdown Trigger A Recession?” (9-24-2023)

“If politicians aren’t able to reach a deal, then the U.S. federal government could shut down on October 1. That might temporarily dent economic growth through reduced consumer confidence, as well as disrupting defense and healthcare spending.”

CNN Business – “Home Prices continued to climb in August” (9-21-2023)

“Home prices continued to climb in August, even as home sales dropped, a result of the low inventory of homes for sale pushing prices up and stubbornly high mortgage rates keeping would-be buyers out of the market, according to a monthly report from the National Association of Realtors.”

CBS News – “Gutter guards 101: How they work, how muc they cost and more” (9-25-2023)

“If you’re fed up with routine gutter maintenance — cleaning out debris, realigning your gutters, checking for water damage — the list goes on — it may be time to invest in gutter guards.”