CPI was 8.3% for April
PPI was 11% for April
https://www.bls.gov/cpi/
https://www.bls.gov/ppi/
Good News:
- Texans' overwhemingly voted to approve raising the homestead exemption limit from $25K to $40K now. Collectively saving the average Texas Homeowner about $175/year in property taxes. (Link: https://www.texastribune.org/2022/05/07/texas-property-tax-constitutional-amendments-proposition/)
Interesting Articles:
- Will Higher Interest Rates Finally Cool The Market?
- WHAT THE?! MY PROPERTY TAXES ARE HOW MUCH?
- Advice on Protesting Property Taxes in This Market
Examples of Crazy in the DFW Market?
- One of my buyer's put an offer on a 3bd/2bth home in Frisco listed at $495K. We offered 12% (that's a $555K purchase price) over asking with strong downpayment, waiving appraisal, etc, etc,. We did not win. In fact here was the competition layout for that house
***Friendly reminder that most property tax protests are due on Monday May 16th***
***Dont forget about also filing for your homestead exemption***
PPI was 11% for April
https://www.bls.gov/cpi/
https://www.bls.gov/ppi/
Good News:
- Texans' overwhemingly voted to approve raising the homestead exemption limit from $25K to $40K now. Collectively saving the average Texas Homeowner about $175/year in property taxes. (Link: https://www.texastribune.org/2022/05/07/texas-property-tax-constitutional-amendments-proposition/)
Interesting Articles:
- Will Higher Interest Rates Finally Cool The Market?
- WHAT THE?! MY PROPERTY TAXES ARE HOW MUCH?
- Advice on Protesting Property Taxes in This Market
Examples of Crazy in the DFW Market?
- One of my buyer's put an offer on a 3bd/2bth home in Frisco listed at $495K. We offered 12% (that's a $555K purchase price) over asking with strong downpayment, waiving appraisal, etc, etc,. We did not win. In fact here was the competition layout for that house
- 28 offers received
- 14 offers over 10% asking
- 4 offers over 20% asking
- Winning bid was north of 25% over asking. That means someone offered to pay at least $618K for a 3/2bth generic home.
***Friendly reminder that most property tax protests are due on Monday May 16th***
***Dont forget about also filing for your homestead exemption***
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