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.

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Housing Wire

FEBRUARY 11, 2025

But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli. High home prices, cited by 45% of respondents, were the most concerning factor among potential buyers, followed by rising mortgage rates at 25%.

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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

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Housing Wire

MARCH 5, 2025

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

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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.

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Appraisal Buzz

DECEMBER 16, 2024

Florida is a top retirement destination in part because it doesnt tax retirement income. But that benefit is beginning to be offset by a surge in insurance costs and HOA fees caused by intensifying natural disasters ,along with rising property taxes. This gives buyers leverage when theyre negotiating with other insurers.

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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.

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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 homes that went under contract.

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Housing Wire

DECEMBER 20, 2024

The legislation, known as The Mortgage Insurance Freedom Act, comes amid rising mortgage rates , home prices and other costs of homeownership , such as insurance and property taxes. This is comparable to existing policies in the market for conventional loans backed by Fannie Mae and Freddie Mac.

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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.

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Appraisal Buzz

JANUARY 7, 2025

have reached all-time highs, and there is just enough demand from buyers to keep prices rising steadily. There are much fewer properties for sale than there were before to the pandemic, even if the number of residences on the market has increased from a year earlier. Rising prices and low supply: This year, home prices in the U.S.

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Appraisal Buzz

JULY 23, 2024

Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. of homes that went under contract. June 2024 U.S.

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Housing Wire

JANUARY 6, 2023

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. The challenge for the portfolio buyer is to identify the “high-risk” loans at the time of the ownership change so they can mitigate these operating risks.

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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.”.

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Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers. Do you know of anyone who purchased a home within the past year?

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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.

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Housing Wire

NOVEMBER 22, 2024

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. The sheer amount of additional supply on the market has really given buyers more of a leg up,” she said. “I

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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.

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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. Property Tax.

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Appraisal Buzz

MARCH 31, 2025

The report determines affordability for average wage earners by calculating the amount of income needed to meet major monthly home ownership expenses including mortgage payments, property taxes and insurance on a median-priced single-family home, assuming a 20% down payment and a 28% maximum front-end debt-to-income ratio.

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Housing Wire

OCTOBER 21, 2024

The lingering effects of inflation, bond market volatility, and lender caution have tempered any significant drop in borrowing costs, leaving many prospective buyers still priced out of the market. Many of those in the market to buy a home are frustrated by this mismatch. But there’s more to the story.

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Housing Wire

MAY 18, 2021

The trend is reversed in high-tax states, where an average of 2.5 states from 2013 to 2020, correlated with rates of sales tax, income tax and property tax in 2020. ” Nevada , Florida, South Carolina and Texas top the list of low-tax states attracting new residents. .

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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%

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Appraisal Buzz

MARCH 24, 2025

A major economic downturn (29%) is the most reported reason sellers would delay their plans, while a property tax increase (43%) would be the biggest motivator to expedite selling. !function(e,n,i,s){var function(e,n,i,s){var d=”InfogramEmbeds”;var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else

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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?

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Housing Wire

MAY 28, 2024

” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. In May 2023, the subsidiary launched a new digital MSR exchange , known as eMSR Exchange, which connects buyers and sellers of co-issue flow offerings online and provides 24/7 pricing.

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Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. Low-interest rates are great for potential buyers. 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.

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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. Missing the forest for the fees Seeking to reduce the barriers to entry for low- and moderate-income and non-white home buyers is a worthwhile endeavor.

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Housing Wire

JUNE 17, 2024

The analysis of historic home prices, income levels and mortgage rates found that baby boomers — Americans between the ages of 60 and 78 this year — “arguably faced the toughest housing market ever for first-time buyers.“ It assumed a 10% down payment and did not factor in property taxes or homeowners insurance.

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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.

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Housing Wire

JUNE 9, 2021

This allows for a more objective analysis and better compliance, and often translates to a more efficient process with faster turn times, which allows buyers and sellers to transfer real property more cost effectively and with confidence. HW: What are some of the current challenges regarding property tax assessment?

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Housing Wire

AUGUST 23, 2024

We also need to consider the potential risk of loan repayment if this limits future buyers of the property to cash buyers or those using conventional products.” “One of the policy elements we need to consider is whether we want to give staff the discretion to approve condos that are not under that framework,” she said. “We

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Inman

AUGUST 7, 2024

Households have deferred moving, partially due to high "hidden" homeownership costs such as property taxes, insurance and climate change, according to a report.

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Housing Wire

OCTOBER 8, 2021

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. The analysis also suggests that most distressed property buyers are performing extensive rehab before reselling, and that most renovated homes are being resold to owner-occupant buyers.

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Housing Wire

MAY 21, 2024

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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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.

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Housing Wire

JUNE 25, 2024

There’s just no incentive for buyers to jump now. But Altos data also shows that a large share of homes (36.9%) include cuts to the original list price, a sign that inventory is rising and sellers are having a more difficult time locating a buyer. “This is a function of mortgage rates staying in the 7s. Nationally, 36.9%

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