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Property Taxes: Increases, Payments, and Where They’re Surging Most

Appraisal Buzz

“The cost of owning a home has gone from affordable to unaffordable for a lot of local Florida residents and out-of-towners. Home prices that are much higher than in pre-pandemic times and the disaster-driven surge in HOA and insurance costs are now pricing homebuyers out of the market.” Atlanta $2,811 106.8% $239 65.8%

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Homeowners sitting on a pile of cash with $17T in home equity: CoreLogic

Housing Wire

For example, when looking at the level of mortgage debt in Q1 2024, there are 111,000 homes that would move back into a positive equity position if home values rose by at least 5%. Conversely, 153,000 homes would fall underwater if values declined by 5% or more. of homes underwater) and Texas (1.7%

HOA 518
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The month in reverse mortgage rates: October 2024

Housing Wire

Borrower must continue to pay all property charges including property taxes, homeowner insurance, HOA dues, and more. Consequently, the spread between the 10-year and the 1-year has narrowed. It appears the rate inversion we’ve had since July of 2022 may soon end. Graphics by Dan Hultquist.

Mortgage 448
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How to write creative real estate listing descriptions + examples

Housing Wire

Dont forget things like storage space, closet space, gas cooking, upgraded appliances, ensuite bathrooms, finished basement, 3-season rooms, outdoor living spaces, off-street parking, low HOA fees, etc. Talk about the value: A home that needs work is (hopefully) priced accordingly. Again, assuming your pricing is on point!

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Going to Extremes

Appraisal Buzz

And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket. Couple that with the new Florida regulation requiring HOAs to maintain reserve funds for future expenses related to maintenance and inspections, and it’s no surprise that HOA dues are soaring.

HOA 370
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Mosaik CEO Sheila Reddy on tackling fragmented technology

Housing Wire

And the property itself did not come up on my agents’ MLS search for me because the monthly HOA fee was a few dollars more per month than what he had set as the max on the search. Because if someone looks at their home value every month, it may not necessarily mean a whole lot that they looked at it again this month.

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The Appraiser’s Guide to Evaluating Home Value Before You Buy

Birmingham Appraisal

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Evaluating home value is essential in this regard. Key Factors For Buyers to Consider 1.