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Hanging on to House and Home

Appraisal Buzz

years, but homeowners in Californiawhere Proposition 13 can lock owners into low property-tax ratesare staying put much longer. Lower Taxes Found Appealing in the Golden State California homeowners tend to hold onto their houses for a long time because a state tax law incentivizes them to do so.

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MBA sees risk in new Florida law that gives first-lien priority to PACE loans

Housing Wire

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. The Florida Legislature and Gov.

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Why CAR campaigned for California’s Proposition 19

Housing Wire

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said. But CAR, which supported the measure with $35.7

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Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. Listing brokers make offers of compensation to buyer brokers who bring a buyer to the table. And if those same consumers had to go it alone without buyer representation?

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9 tips for homebuyers in non-disclosure states

Housing Wire

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property.

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

Miller Samuel

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. They eat, sleep, work, and consume.

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It hasn’t been this hard to buy an existing home in at least a decade

Housing Wire

Buyers of that home type had 33% fewer houses to choose from. Then, remote workers flocked to the suburbs to purchase large properties with space for adults to work from home and children to attend school from home. Still, buyers are about 20% less likely to find that type of home than they were in 2019.

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