Housing Wire

JANUARY 9, 2023

“With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. on an annualized basis, according to Fannie Mae , to as much as 20%, according to some market forecasts.

Housing Market 545

Housing Market Marketing Construction Development 545

Housing Wire

JUNE 24, 2024

The Seattle area is a hot housing market. 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. year over year.

Renovations 394

Renovations Property Taxes Supply Chain Law 394

Appraisal Buzz

AUGUST 16, 2024

housing market saw a significant uptick in the second quarter of 2024, with purchases rising 3.4% Investors bought approximately one out of every six homes sold in the quarter, representing $43 billion in transactions, marking a 13.7% High insurance rates and property taxes in the area were cited as factors deterring investment.

Investors 370

Investors Property Taxes Housing Market Real Estate 370

D Fritz Appraisals

DECEMBER 16, 2022

What to do When Your Property Tax Assessment Seems Too High. In early January each year, every home in British Columbia receives its property tax assessment notice through the mail from BC Assessment. Some property owners may be surprised and possibly even concerned with their home property assessment amount.

Property Taxes 116

Property Taxes Valuation Appraisal Real Estate 116

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices. Although the U.S.

Investors 468

Investors Tenants Real Estate Property Taxes 468

Housing Wire

DECEMBER 6, 2024

Graphics and statistics NAR.com Detailed market insights, research, and statistics from the real estate industry, legal news, marketing tips, and tools. RealTrends.com Housing market data by city and state, agent news, and advice.

Real Estate 397

Real Estate Clients Tools Sellers 397

D Fritz Appraisals

JANUARY 29, 2025

House Appraisal vs BC Assessment: How They Impact Your Homes Value Understanding the difference between residential home appraisals vs BC assessments. These two commonly misunderstood yet crucial home evaluation tools, help to navigate the complexities of the real estate market in British Columbia.

Appraisal 78

Appraisal Valuation Property Taxes Inspection 78

Eppraisal

NOVEMBER 12, 2024

With fluctuating home prices, rising interest rates, and changing economic conditions, making the right decision can be challenging. Let's explores the key factors involved in comparing the costs of buying and renting in today's market. has provided some relief to potential buyers.

Property Taxes 69

Property Taxes Landlords Insurance Buyers 69

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

Real Estate 459

Real Estate Law Property Taxes Marketing 459

Eppraisal

FEBRUARY 22, 2022

Just as inflation drives up the value of lumber, light bulbs, potatoes, chicken and women's shoes, it boosts home values in the same way. For instance, and for simplicity, if there are 30 identical houses and $600 in circulation, each property would be priced at $20.

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

Eppraisal

APRIL 25, 2023

Meanwhile, property taxes are the lender's responsibility. Do REO requirements, home value thresholds or any other criteria for sale and purchase change when a bank collapses? A big factor in so doing is how much of the foreclosed loan remains unpaid since this is the purpose of foreclosure.

Housing Market 36

Housing Market Real Estate Property Taxes Home Value 36

Appraisal Buzz

DECEMBER 23, 2024

The portion of average wages nationwide required for typical mortgage payments, property taxes and insurance now stands almost 13 points beyond a low point reached early in 2021, right before home-mortgage interest rates shot up from the lowest levels in decades. quarterly and 6.1% annually to a new all-time high.

Property Taxes 387

Property Taxes Insurance Lending Mortgage 387

PennyMac

DECEMBER 29, 2020

As a result of a refinance, it’s common for your monthly payment and even your total loan amount to change — but will your property taxes go up? Your property taxes will not go up if you refinance, but let’s dig a little deeper in order to clear up any confusion or concerns. How Your Property Tax is Calculated.

Real Estate 36

Real Estate Property Taxes Appraisal Loan Officers 36

Zillow

JULY 15, 2019

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Condo insurance : Homeowners insurance that covers personal property and the interior of a condo unit should damage occur. The fee, 0.3%

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

Chicagoland Appraisal Blog

APRIL 3, 2020

“Generally, the higher the price point, the longer the time on the market.”. According to local real estate data , sales of Chicago homes priced at or above $1 million fell by 6.5% in 2019 over the previous year, perhaps an effect of high property taxes, falling population, and an excess of homes after the mid-2010s construction boom.

Real Estate Agent 78

Real Estate Agent Architecture Modernization Buyers 78

Will Springer Realtor

NOVEMBER 9, 2022

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. and jump in mortgage rates of 4 percentage points has created a housing market belly flop. Give us some cooling – stat! “We

New Listings 36

New Listings Housing Market Inventory Buyers 36

Appraisal Buzz

FEBRUARY 5, 2025

LA housing markets, in particular rental units, will become increasingly unaffordable. The dynamic nature of wildfires and regional variations in population density, housing costs, fire suppression efforts, and recovery expenses make these estimates imprecise. million in November 2018, the month of the Woolsey Fire, to $2.15

Insurance 407

Insurance Home Value Property Taxes Tenants 407

PennyMac

JUNE 28, 2022

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Some lenders require you set aside a few months of property tax and mortgage payments in an escrow account as part of your closing costs. Property Tax. Homeowners Insurance.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

PennyMac

AUGUST 14, 2024

Plan for Additional Expenses: Budget for closing costs, moving expenses and any immediate home improvements. You’ll also need to factor in ongoing costs like property taxes, homeowners insurance, applicable HOA fees and maintenance. Get Informed: Research recent sales in your area and comparable properties.

Real Estate Agent 47

Real Estate Agent HOA Finance Inspection 47

PennyMac

JANUARY 3, 2024

Purchasing a new home while carrying your current loan without selling makes it extremely difficult to qualify for a mortgage. Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell. Research the housing market.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Appraisal Buzz

JULY 5, 2024

Therefore, compared to the first quarter of this year and the second quarter of last year, the proportion of average wages required nationwide for normal mortgage payments, property taxes, and insurance increased by around three percentage points. This is because home values are generally rising annually throughout the United States.

Property Taxes 370

Property Taxes Insurance Lending Buyers 370

Appraisal Buzz

NOVEMBER 20, 2024

One reason the value of low-risk homes is rising faster than the value of high-risk homes is that Florida and Texas—which both face high natural disaster risk—have seen among the slowest home value growth in the nation over the last year. The total value of homes facing low risk is up 58.7%.

Home Value 195

Home Value Brokerage Insurance Real Estate 195

Appraisal Buzz

MARCH 27, 2025

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

Property Taxes 222

Property Taxes Home Value Insurance Lending 222

D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Renovation loan assessments.

Appraisal 110

Appraisal Inspection Property Taxes Easement 110

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. This indicates that we cannot reject the role historic discrimination has played in the evaluation of home values.”.

Appraisal 369

Appraisal Valuation Inspection Law 369

Housing Wire

FEBRUARY 18, 2025

Property taxes are a thorn in the side of some U.S. As home prices and property values rise in 2025, rising property taxes are impacting some places more than others. household spends $2,969 per year on property taxes, according to data from the U.S. Census Bureau. Based on the U.S.

Property Taxes 356

Property Taxes Home Value Real Estate Finance 356

Housing Wire

NOVEMBER 11, 2024

As office vacancies increase, the value of commercial office buildings decreases, and if the properties are reassessed for much less than they were worth a few years ago, the town may see a dramatic decrease in property tax revenue. All those conflicts affect us more today than they used to.

Real Estate 418

Real Estate Insurance Supply Chain Buyers 418

Appraisal Buzz

JANUARY 13, 2025

As 2025 dawns, the housing market and mortgage industry brace for a year of change. This years outlook reveals a complex interplay of factors likely to shape the housing markets trajectory in the months and years ahead. This shock has been more significant in markets where insurance costs have surged.

Construction 418

Construction Supply Chain Government Housing Market 418