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News Updates

PROPERTY TAXES LEVIED ON SINGLE FAMILY HOMES UP 5.4 PERCENT IN 2020, TO MORE THAN $323 BILLION

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Average Property Tax of $3,719 Up 4 Percent Effective Tax Rate at 1.1 Percent Highest Effective Tax Rates Remained in New Jersey, Illinois, Texas, Vermont, Connecticut ATTOM Data Solutions, curator of the nation’s premier property database, released its 2020 property tax analysis for almost 87 million U.S. single family homes, which shows that $323 billion in property taxes were levied on single-family homes in 2020, up 5.4 percent from $306.4

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Finance Agency Plan to Further Forestall Home Foreclosures Fails to Recognize Economic Realities

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Distressed asset auctioneer Richard Kruse of Gryphon USA said plans by the Consumer Finance Protection Bureau to delay foreclosures another nine months and create more regulations only builds pressure on consumers and the nation’s housing market. The CFPB this week announced proposed rules meant to encourage lenders and loan servicers to continue working with consumers to avoid foreclosure, pushing potential filings out to January 2022. “Trust me. I understand the

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Finance of America Companies to Become Publicly Traded Following Completed Transaction with Replay Acquisition Corp.

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Finance of America Equity Capital LLC (“Finance of America” or the “Company”), an end-to-end lending and services platform, and Replay Acquisition Corp. (NYSE: RPLA) (“Replay Acquisition”), a publicly traded special purpose acquisition company, announced the completion of their previously announced transaction to take Finance of America public. The combined company is named Finance of America Companies Inc., and its common stock and warrants will begin trading Monday, April 5, on

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First American Ranked Among the Best Workplaces in Financial Services & Insurance by Fortune

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First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced that Fortune® and Great Place to Work® have recognized First American as one of the Best Workplaces in Financial Services & InsuranceTM for the fifth year in a row. The ranking is based on analysis of confidential survey responses from more than 840,000 employees at Great Place to Work-Certified™ organizations across the country. “The

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ATTOM Data Solutions Ranks Best Counties for Buying Single-Family Rentals in 2021

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Highest Potential SFR Returns in Schuylkill, Bibb, Baltimore, LaSalle, Chautauqua Counties; Best Returns Concentrated in Midwest, Worst in West; Rental Returns Decrease from a Year Ago in 87 Percent of Counties Analyzed ATTOM Data Solutions, curator of the nation’s premier property database, released its Q1 2021 Single Family Rental Market report, which ranks the best U.S. markets for buying single-family rental properties in 2021. The report analyzed single family rental returns in

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Signs of Recovery for Multifamily Industry, According to Yardi Matrix

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National rent average increased by $3 month-over-month in February, just one positive indicator Year-over-year national average rents were negative in February by 0.1%, but the latest Yardi Matrix National Multifamily Report says they may soon trend into positive territory. “While national rent growth was negative this month, year-over-year rents have steadily shifted closer to positive since October. If this trend continues, February could be the last month where we see a national

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