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Survey: Nearly 90% of homeowners are worried about selling

Housing Wire

Economic uncertainty also plays a role in sellers’ hesitation, with 29% saying they would delay selling in the event of a major downturn. Conversely, property tax increases would be a primary motivator for 43% of homeowners to sell more quickly.

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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The companies advertise no monthly payments and require consumers to assume all costs for property taxes, hazard insurance, and property maintenance, and require a large settlement payment, similar to the loans originated in the early 2000s that were negative amortizing and required a balloon payment at the end of the loan term, the report said.

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Did new home sales really just crash?

Housing Wire

When I notice a significant increase or decrease compared to estimates, I often suspect that revisions will be made or that a one-time event may have influenced the figures. New home sales reports can be quite volatile from month to month. In this case, several factors contributed to the substantial decline in new home sales.

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How realtors can leverage micro-market shifts to drive urgency and capitalize on opportunities in a challenging market

Housing Wire

Buyers can deduct all the interest they pay on their loan and up to $10,000 in property tax payments, generating a year-end windfall from Uncle Sam. Whether it’s infrastructure developments, seasonal shifts, or political events like the upcoming election, these micro-shifts create opportunities for educated buyers and sellers.

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Lock-In Effect Fueling Americans’ Hesitancy to Let Go of Their Homes  

Appraisal Buzz

After paying off their mortgage, homeowners are encouraged to remain in their current residence because they are now free and clear to occupy, with only property taxes and homeowners association dues to pay. The people who are selling are doing so because they need to.

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Investors turn their eyes to affordable housing opportunities

Housing Wire

For instance, it’s possible that housing tax credits and other supports for affordable housing could be sacrificed or functionally negated by property tax increases. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

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California HAF requirements extended in bid to entice more beneficiaries

Housing Wire

1 and are still in arrears, or who’ve missed at least one property tax payment by Feb. Within the reverse mortgage industry, HAF has been primarily utilized by Home Equity Conversion Mortgage (HECM) borrowers who fell behind on their property taxes, homeowners insurance or other charges due to the pandemic.