PACE is an abbreviation for Property Assessed Clean Energy. PACE loans provide financing for green and renewable energy home improvements, although it is not limited to such. Retrofitting properties with energy upgrades is costly, and PACE provides incentives such as 100% long-term financing.
Harris is the largest county in Texas and provides detailed data around the annual property tax appeal cycles. CoreLogic examined this data to identify key trends and analyze whether the COVID-19 pandemic affected activity. For this study, we focused on appeals between 2016 and 2021 for only real estate properties.
CoreLogic data shows that the forbearance rates were increased for higher-priced loans.
New home sales trends are occurring in areas with lower cost-of-living, lower population density and nearby outdoor amenities.
The shortage in for-sale homes has driven the number of days homes are on the market to new lows in 2021.
The accurate estimation of the total amount of real property tax in any given area is a challenging task considering the complexity and heterogeneity of property taxation in the United States.