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State tax systems are usually looked at as a three-legged stool — property taxes, sales taxes and personal income tax. In Texas, our “stool” only has two legs.
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Texas is still mostly affordable for middle-income homebuyers, but affordability is declining. It’s a long-term trend, but new data shows an even sharper decline in home affordability since the beginning of the year.
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Texas had the highest rate in the country for the number of homes sold to companies and corporations, with Tarrant, Rockwall and Midland counties seeing some of the largest shares of investors.
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During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.
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Texas school districts, cities and counties rely heavily on property taxes to pay for roads, libraries, police, firefighters and public schools. But lowering tax bills has long been a difficult endeavor.
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Higher mortgage rates and home prices have pushed the monthly payment to buy the median-priced home in the U.S. up more than 50% since the start of last year. Many first-time buyers can't afford it.
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Two low home appraisals spurred a Black woman in Indianapolis to administer her own fair housing test. The result led her to file a complaint alleging housing discrimination.
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Sales of existing homes fell 6.6% in February from the month before. Meanwhile, prices are up 16% over the past year, giving homeowners about $2 trillion more in equity and widening the wealth gap.
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The moratorium on foreclosures of federally guaranteed mortgages had been set to expire on March 31. On his first day in office, Biden had extended the moratorium from Jan. 31. Census Bureau figures show that almost 12% of homeowners with mortgages were late on their payments.
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Some people are still looking to buy houses during the COVID-19 pandemic and the accompanying economic slump. So, a Fort Worth-based nonprofit is helping…
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Millennials have been slow to accumulate wealth, thanks to student loan debt and a sagging economy, so buying a home may be the last thing on their minds.…