Remove Construction Remove Home Value Remove Property Taxes
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‘Hidden Costs’ of Homeownership Continue to Soar 

Appraisal Buzz

Median home prices have risen above $400,000 nationwide, and the average annual cost of owning and maintaining a single-family home in the U.S. Bankrate compiled the typical costs of property taxes, homeowners insurance, and home maintenance, which was estimated to be 2% of a home’s value per year.

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Seattle documents renovation programs, tax relief for aging in place

Housing Wire

According to Zillow , the average home price in the Emerald City is currently $884,828 , up 4.3% But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. Even if you have your home paid off, if you can’t afford the property taxes, that’s a problem,” she said.

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Report: Investor Home Purchases Surge

Appraisal Buzz

This surge follows a period of fluctuating investor activity during the COVID-19 pandemic, where purchases more than doubled during the 2021 homebuying boom, only to drop nearly 50% in 2023 due to declining rents and home values. High insurance rates and property taxes in the area were cited as factors deterring investment.

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How to Appeal Your Property Taxes in King County

Will Springer Realtor

The state requires that county assessors inspect every property at least every six years to maintain accurate information about the parcel and structures. Local governments are limited to a 1% annual increase in property tax revenue regardless of changes in property values – but there is a catch. overall increase.

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Home Appraisals vs Online Home Value Calculators

D Fritz Appraisals

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Investors bought one in six homes sold in Q2 2024: Redfin

Housing Wire

It then plunged nearly 50% in 2023 due to declining rents and home values in some markets. But multifamily construction starts have slowed , which is good news for landlords looking to increase rents.

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Severe storm fallout could destabilize the intersection of mortgage and insurance

Housing Wire

The reckoning with homeowners insurance adds another element to keep track of — on top of traditional indicators like interest rates and home values. “As As a model vendor, one of CoreLogic’s services is to construct risk models for insurers to better understand the severity and frequency of losses.

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