Market Datavs. 1 year ago
30-year mortgage6.76%▲ +0.41 pts15-year mortgage6.09%▲ +0.59 pts10-year Treasury4.97%▲ +0.92 ptsMortgage spread1.79 pts▼ -0.51 ptsMedian list price (Aug)$425k▼ -1.3%List $/sqft (Aug)$224▼ -1.8%Days on market (Aug)60 +0 daysActive listings (Aug)1.14M▲ +3.6%New listings (Aug)402k▼ -0.1%Pending sales (Aug)452k▼ -0.6%Housing starts (Jul)1.24M▼ -13.5%Building permits (Jul)1.43M▲ +2.4%New-home sales (Jul)607k▼ -6.3%Existing-home sales (Aug)3.98M▼ -1.2%Months of supply (Jul)9.6▲ +0.4 moMortgage delinquency (Q2)1.86%▲ +0.08 pts
Updated 5:40 PM ET

The Property Tax System Is Breaking – and Ohio Might Be Ground Zero

Rows of suburban single-family homes in a Midwestern neighborhood, illustrating rising property tax pressure on homeowners.

Record delinquent-tax sales in Cuyahoga County, 24,000 delinquent parcels in Mahoning County, and one-in-three homeowners behind in parts of Youngstown show how Ohio property tax bills have outrun relief efforts, even as the state rolls out an inflation cap, a reform task force, and a proposed valuation cap.

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