Property taxes are an unavoidable reality for homeowners, often increasing alongside rising home values. Last year's property tax bills surged by up to 30% in some areas. To manage these costs, homeowners can check their property tax card for errors, explore exemptions and relief options, limit major home improvements that could raise assessed value, and consider appealing their property's assessed value. While appeals may lower tax bills, they require prompt action and potentially legal assistance.

Buying a house with bad credit is possible but may result in high mortgage rates. Those with scores above 580 could consider FHA loans or government-backed mortgages. Improve your chances of mortgage approval by increasing your credit score or saving for a larger down payment. First-time homebuyers have specific programs to help them qualify. Different mortgages have varying minimum credit requirements. Despite higher rates, FHA or lower-credit-score loans may be beneficial. Understanding your housing budget is crucial.

Mortgage rates have dropped to their lowest in 15 months, with the average for a 30-year fixed-rate mortgage at 6.47%. This decline offers hope for homebuyers facing high prices and inventory shortages. To secure the best rates, consider strategies like buying mortgage points, negotiating with lenders, opting for adjustable-rate mortgages (ARMs), choosing shorter-term loans, and making larger down payments. These approaches can lead to significant long-term savings, making homeownership more attainable despite current market challenges.

Baby Boomers hold $18.9 trillion in real estate assets, which may lead to complex probate issues for heirs without a will, known as "tangled titles." This situation complicates ownership transfer and affects access to aid and insurance. The issue disproportionately impacts the black community, with 87% of black families facing tangled titles due to historical barriers. Solutions include transferring deeds, splitting property, or forming cooperatives. Inheritors are advised to seek documentation and local legal aid for assistance.

If you're looking to buy a home in California, researching mortgage rates is essential. Shopping around with multiple lenders can help secure a better deal. Five affordable cities to consider include Visalia, with a median home value of $236,400; Bakersfield at $247,000; Fresno at $242,000; Modesto at $283,800; and Stockton at $273,400. Each city offers unique attractions and relatively lower property tax rates compared to the state average. Improving your credit score and lowering your debt-to-income ratio can enhance your chances of obtaining a favorable mortgage.