Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. With affordability shrinking, buyers are taking more risks to secure homes, according to HomeLight s 2025 Lender Insights & Predictions survey. ADU is a big requirement now.

Loan Officers 277

Loan Officers Property Taxes Marketing Insurance 277

Appraisal Buzz

MARCH 12, 2025

years, but homeowners in Californiawhere Proposition 13 can lock owners into low property-tax ratesare staying put much longer. Proposition 13, adopted in 1978 , mandates that homeowners pay property taxes of 1% of their homes assessed value, and strictly limits tax increases. homeowner stays in their house for 11.8

Property Taxes 311

Property Taxes Inventory Mortgage Law 311

Appraisal Buzz

DECEMBER 16, 2024

For the study, Redfin analyzed climate risk scores from First Street, and Home Mortgage Disclosure Act (HMDA) data covering mortgage originations for primary homes. Florida is a top retirement destination in part because it doesnt tax retirement income. This gives buyers leverage when theyre negotiating with other insurers.

HOA 392

HOA Insurance Buyers Property Taxes 392

Housing Wire

MARCH 5, 2025

Other concerns include potential buyers requesting excessive concessions (72%) and backing out of a deal before closing (70%). Among those with mortgages, 47% reported having locked in an interest rate below 4%. Conversely, property tax increases would be a primary motivator for 43% of homeowners to sell more quickly.

Property Taxes 492

Property Taxes Housing Market Real Estate Agent Real Estate 492

Housing Wire

JANUARY 16, 2025

Mortgage and property tax payments are not the only expenses that prospective homeowners need to consider. of new construction homes required buyers to pay HOA dues, compared to only 38.2% Homeowners associations (HOAs) are commonplace, and more of them are requiring owners to pay up, according to a survey by Realtor.com.

HOA 397

HOA Property Taxes Construction Buyers 397

Appraisal Buzz

MARCH 4, 2025

The findings suggest that rising costs of property taxes, insurance, utilities, and home maintenancerather than just mortgage paymentsare driving increased financial pressure, even for those who secured historically low mortgage rates in recent years.

Property Taxes 360

Property Taxes Bracketing Insurance Mortgage 360

Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% of buyers canceled in June. of purchase agreements.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

NOVEMBER 8, 2024

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Shallis, with over three decades of experience in the real estate industry has helped realtors, buyers, and sellers navigate all types of market conditions.

Realtors 370

Realtors Marketing Loan Officers Sellers 370

Appraisal Buzz

JANUARY 7, 2025

There are several significantreasons why home sales are at historically low rates, including: Elevated mortgage rates: The rates accessible this year, which peaked at 7.52% in April, are much higher than the 5% rate that more than three-quarters of mortgaged U.S. homeowners have obtained.

Property Taxes 365

Property Taxes Real Estate Agent Mortgage Agents 365

Housing Wire

SEPTEMBER 11, 2024

home in June 2022, you probably locked in about $1,400 a month in mortgage payments. Due largely to higher mortgage rates , that same home today would cost about $2,175 a month. Mortgage payments are only part of the affordability challenge. Other holding costs for real estate include taxes and insurance.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Housing Wire

JUNE 25, 2024

Mortgage rates have leveled off in the past week, according to data on HousingWire ‘s Mortgage Rates Center. Last week, Mohtashami wrote that mortgage application data is signaling increased demand. This is a function of mortgage rates staying in the 7s. There’s just no incentive for buyers to jump now.

Mortgage 418

Mortgage Marketing Property Taxes Sellers 418

Housing Wire

AUGUST 23, 2024

Montana ’s unique Reverse Annuity Mortgage (RAM) program is a state-sponsored reverse mortgage, with lower interest rates and proceeds along with a higher minimum qualifying age that distinguishes it from the Home Equity Conversion Mortgage (HECM) program through the Federal Housing Administration (FHA).

Mortgage 429

Mortgage Property Taxes Buyers Design 429

Appraisal Buzz

JULY 23, 2024

In June, the average interest rate on a 30-year mortgage was 6.92%, while the median house sale price increased by 4% year-over-year to a record $442,525. Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. of homes that went under contract. a year earlier.

Buyers 396

Buyers Contracts HOA Property Taxes 396

Housing Wire

DECEMBER 22, 2020

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. Are you planning to buy a home in 2021?

Mortgage 448

Mortgage Property Taxes Loan Officers Sellers 448

Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. For over a decade, the industry has experienced growth from two primary sources. What is portfolio cleansing?

Property Taxes 448

Property Taxes Clients Buyers Government 448

Housing Wire

SEPTEMBER 24, 2024

Buyers] have been the ones to benefit from just the steadiness and lack of volatility.” The anticipation of lower mortgage rates has frozen many buyers who think they can get a better deal if they wait a few months, not to mention sellers who are loath to give up mortgages in the 3% range.

Housing Market 459

Housing Market Marketing Property Taxes Inventory 459

Housing Wire

JANUARY 8, 2021

These expenses vary state-by-state, due to the differences in property and transfer tax, as well as rates charged by different attorneys and lenders. On average, closing costs equal about 1 to 4% of your home’s value, which isn’t something most home buyers are usually aware of. Mortgage Broker Fee . Property Tax.

Property Taxes 531

Property Taxes Insurance Real Estate Mortgage 531

Appraisal Buzz

MARCH 31, 2025

That level is virtually the same as in the fourth quarter, although about one percentage point up from a year ago, keeping it above the common 28% lending guideline preferred by mortgage lenders. A recent small decline in mortgage rates surely hasnt hurt either for fledgling buyers. Bureau of Labor Statistics.

Property Taxes 195

Property Taxes Insurance Lending Mortgage 195

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

OCTOBER 21, 2024

Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. As a result, many buyers are forced to either stay in rentals or settle for smaller homes or less desirable locations than they initially aimed for.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%.

Mortgage 370

Mortgage Property Taxes Housing Market Buyers 370

Housing Wire

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

DECEMBER 3, 2020

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. The state’s going to make a lot of money.”.

Property Taxes 432

Property Taxes Realtors Law Inventory 432

Housing Wire

JUNE 17, 2024

From rising home prices to rising mortgage rates and inflation , the millennial generation hasn’t had it easy when it comes to homeownership. In 1980, when boomers were entering their prime homebuying years, mortgage rates spiked above 16% and the average monthly home loan payment jumped 34% year over year. of their median income.

Housing Market 497

Housing Market Property Taxes Inventory Buyers 497

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. Low-interest rates are great for potential buyers. They make monthly mortgages more affordable! But will 2021 be the same?

Property Taxes 482

Property Taxes Sellers Insurance Mortgage 482

Appraisal Buzz

MARCH 24, 2025

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Sellers 248

Sellers Property Taxes Marketing Inventory 248

Housing Wire

MAY 28, 2024

Philadelphia-based Incenter Lender Services has promoted Sara Parrish to chief operating officer amid a plan to attract independent mortgage banks (IMBs) with variable-cost services. ” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. .

Property Taxes 446

Property Taxes Lending Insurance Investors 446

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

DECEMBER 14, 2023

Asian borrowers pay $13 less than non-Hispanic white borrowers (the control group); low-income borrowers pay $14 more; and first-time home buyers pay $11 less than repeat buyers. Homeowner’s insurance, the servicer, and even the GSE (the actual holder of the default risk on the mortgage), represent small overall costs by comparison.

Insurance 459

Insurance Property Taxes Buyers Investors 459

Housing Wire

JULY 5, 2024

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.

Law 435

Law Finance Property Taxes Renovations 435

Housing Wire

SEPTEMBER 20, 2024

Attom measures the profit margin on home flips by subtracting the median purchase price from the median resale price, so costs related to renovations, mortgages and property taxes eat into the final margin. The report comes with a few caveats. The typical margin of 30.4%

Property Taxes 458

Property Taxes Renovations Investors Sellers 458

Housing Wire

OCTOBER 27, 2023

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?

Real Estate Agent 488

Real Estate Agent Real Estate Realtors Buyers 488

Housing Wire

FEBRUARY 15, 2024

Older Americans also have financial incentives attached to staying in their homes, since 54% of the baby boomer cohort own their homes free and clear without making monthly mortgage payments. Long homeowner tenure, particularly among baby boomers, is an obstacle for young first-time buyers trying to break into the market,” the report read. “A

Property Taxes 488

Property Taxes Insurance Construction Inventory 488

Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Property taxes are about the same.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

Inspection 459

Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

MAY 23, 2023

Among mortgage brokers, Cohen ranked first. While there are fewer move-up buyers now compared to the pandemic years, Cohen noted the uniqueness of the Southern California housing market, in that people tend to move more frequently compared to other states as they accumulate wealth. Cohen funded $751.4 I’m doing a lot of HELOCs.

Marketing 397

Marketing Mortgage Inventory Loan Officers 397

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. My housing economic mindset really starts from 1996 as mortgage rates are much lower now than in previous decades. Of course, today is a much different story; our demographics are much better, and mortgage rates are lower.

Inventory 545

Inventory Construction Government Housing Market 545