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Mortgage rates continue to climb beyond 7%

Housing Wire

At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). March: Introduction of the Fiscal Policy Institute's 2014 "pied-a-terre" tax proposal for properties valued at or above $5,000,000 in New York City, was introduced in the Senate. November: Control of the New York State Senate flipped.

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What Is a Foreclosure and How Does it Work?

Quicken Loans

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Foreclosure can also happen when the homeowner fails to pay their property taxes or homeowners association fees. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. with annual property taxes at, gulp! , $233,383!

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

This has resulted in major ownership costs on a typical home consuming 25% of the average national wage of $65,546, still within the 28% standard lenders prefer for homeowner expenditures (mortgage, home insurance and property taxes). >> Seattle metro experienced the greatest inflationary pressure than any major U.S.

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AN URGENT CALL FOR CHANGES TO ZONING LAWS

Will Springer Realtor

in 2010, the largest decline of any state. in 2010 and Blacks comprise 3.8% A survey of 1600 pet-owning homeowners showed 68% prioritized their animal’s comfort when searching for new properties. Update: The home is now under contract, less than two weeks after hitting the market. Whites comprise 63.8% Washington is 13.7%

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! >> Seattle homeowners pay a median $4580 in property taxes, based on data collected by LendingTree.com. New York City is No. 1 ($8602), followed by San Jose, Calif.

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