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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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Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

HOA 370
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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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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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Listing Checklist for Home Sellers

Listing Spark

Some of the expenses you can expect as a seller in Texas are: Commissions Title Insurance Policy HOA Fees: Its a good idea to call your HOA to find out what expenses are incurred by the seller in your neighborhood Home Warranty Survey (if you dont have your existing one) Misc. Do not shut utilities off prior to closing.

Sellers 69
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Condo Vs. Townhouse: How Are They Different, And Which Is Right For You?

Quicken Loans

While these HOAs are not responsible for the maintenance of the individual townhouses, they oversee the preservation of the community as a whole. Some HOAs also have a set of guidelines that homeowners must follow to protect the look and feel of the neighborhood. Everything else is reserved for the condominium’s HOA.

HOA 64
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Say What? Home-Buying Lingo You Should Know

Zillow

Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.