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Homeowners are staying in place twice as long as they did 20 years ago: Redfin

Housing Wire

were 65 and older as of 2020, up from 13% in 2010,” the report reads. Older generations have an outsized level of influence over the U.S. housing market for multiple reasons, Redfin said. One, the American population is aging: Roughly 17% of people in the U.S.

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Is 2021 a good time to sell your house?

Housing Wire

For example in 2010, the average home price in Denver, Colorado was $246,680. Keep in mind though, a great deal of money goes into buying a new house (regardless of the property type). Besides a down payment, you’ll have to pay closing costs, property taxes, insurance, etc. The costs add up quickly.

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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs. occupied — one of the lowest numbers RealPage has recorded since 2010. Meaning that margins are being aggressively compressed.

Marketing 370
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How the title industry is addressing the negative effects of heirs’ property

Housing Wire

From 2010 to 2020, the value of owner-occupied housing in 917 metropolitan or micropolitan metro areas increased by $8.2 A home that is inherited from a family member without a will, also known as heirs’ property, can present serious challenges to families if new ownership has not been updated in land records.

Legal 459
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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. We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

Mortgage 370
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Why owning a home is the best hedge against inflation

Housing Wire

Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed. This is just another reason I keep saying this is the unhealthiest housing market post-2010. Shelter cost is the primary driver of why you might want to own a home.

Inventory 543
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Why owning a home is the best hedge against inflation

Housing Wire

Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed. This is just another reason I keep saying this is the unhealthiest housing market post-2010. Shelter cost is the primary driver of why you might want to own a home.

Inventory 418