As the final days of 2011 slip away, you’re probably planning your New Year’s Eve festivities and thinking about the promise that a new year always brings. 2012 is full of promise, and while the news is not all good for the housing market, some analysts are predicting that we might finally hit bottom and see some of that long-awaited Read full article »
Tag archives for Property Taxes
Training & Education: 3 2011 Maintenance Moves that Could Save You Big Money in 2012
Taiwan Hopes to Curb Real Estate Prices with a Transaction Disclosure Bill
Taiwanese real estate brokers hope that a new bill requiring that property taxes be based on transaction values on homes rather than on government assessments will help rein in runaway prices on real estate in Taiwan. Usually government assessments are much lower than market prices. The gap in value “renders holding costs insignificant compared to transfer profits,” which can lead Read full article »
Malls Fighting Property Value Hikes
At first, a 40-to-100 percent hike in property values might seem like a good thing, but when the boost is a product of your local property tax appraiser’s efforts, it can be a real problem. In El Paso, malls and major shopping centers are fighting the hikes tooth and nail in an effort to stay in business and not get Read full article »
Local Governments Suffer as Property Tax Revenues Decline
According to Census Bureau data, property tax revenues have declined for two consecutive quarters this year. This is the first time on record that this has occurred. And as a result, not only are local government infrastructures and school systems suffering, but some local governments are having difficulties selling off their debts. For example, one wealth management adviser is recommending Read full article »
Bank of America, Wells Fargo Out of Reverse Mortgage Business
Last week, Wells Fargo announced that making reverse mortgages would no longer be feasible thanks to changes in the economy. It was the second major lender to leave that sector of the mortgage business – the first being Bank of America. With these two lenders out of the game, that puts 43 percent of the reverse mortgage business up for Read full article »
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.
