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Homeownership costs jumped 26% since start of pandemic: Bankrate

Housing Wire

The increase reflects rising home prices, which went up 40% since the beginning of the COVID-19 pandemic , mainly due to a lack of inventory, according to the study. It’s also due to growing property taxes and homeowners insurance premiums as providers exited states where risks are elevated.

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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

It’s not lost on me that, to be competitive, a buyer may be asked to waive the home inspection. HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. In many cases, if they want the home, they may have to do so. PROPERTY TAXES. That’s a real bummer!

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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors.

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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

Local Events & Culture “Your Ultimate Summer Events Calendar for [City]” “Hidden Gems: 5 Local Restaurants You Need to Try” “School District Rankings: [Area] 2024 Update” “Best Family Activities in [City] This Weekend” “[Neighborhood] Small Business Spotlight” Development & Growth (..)

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Build-for-rent is a bet on the ‘new normal’ housing market

Housing Wire

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Still, even the single-family rental (SFR) market, including the BFR sector, faces an uncertain future in the year ahead, given the ongoing volatility in interest rates and inflation.

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Making the Decision to Stop Renting

Eppraisal

According to an article on Zillow.com, you also receive tax deductions such as your mortgage interest and your property taxes. You make the decisions to make changes to the home. You also have choices and make your own decisions regarding home maintenance, repairs and upkeep.

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Inflation's Impact on the Housing Market

Eppraisal

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. What about investors, who both buy and sell?