Real Estate Taxes and Housing Dynamics: Unpacking the Trends

Housing is more than just shelter; it’s a cornerstone of economic security and community stability. Yet, rising real estate taxes, coupled with fluctuating market dynamics, are increasingly constraining affordability for households across all income levels. In this report, we delve into the trends behind housing starts, price growth, and sales while exploring the economic implications of real estate taxes. The analysis is presented in three critical areas: the lagging recovery of housing starts, the persistent rise in house prices, and the sharp decline in new home sales. The accompanying charts provide a visual narrative for each area, offering quantitative insights and highlighting the challenges—and opportunities—in reshaping housing policy to support equitable growth.

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