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Renters Seek Ways to Overcome Homeownership Hurdles 

Appraisal Buzz

home value currently stands at $359,892, a figure that is up 2.7% Among this group, 51% said it because they did not want to be responsible for maintenance or repair costs, while 44% felt it was more affordable, while 37% said they didn’t want to be responsible for property taxes. According to Zillow , the average U.S.

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Investors bought one in six homes sold in Q2 2024: Redfin

Housing Wire

It then plunged nearly 50% in 2023 due to declining rents and home values in some markets. But multifamily construction starts have slowed , which is good news for landlords looking to increase rents. Redfin attributes this uptick to investors being quicker to come off the sidelines than consumer buyers.

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The Definitive Guide to Buying a House in Arizona

Mashvisor

Not only is it landlord and Airbnb friendly, but property taxes are relatively low and home values, high… Arizona is one of the best states to invest in real estate.

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Comparing the Costs of Buying a Home vs. Renting in 2024

Eppraisal

Costs of Buying a Home When evaluating the costs of buying a home, consider the following factors: Down Payment : Typically, buyers are required to make a down payment, which can range from 3% to 20% of the home's purchase price. Landlords may also dictate terms regarding maintenance and property improvements.

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Making the Decision to Stop Renting

Eppraisal

When you own a home you are responsible for the real estate taxes, homeowners insurance, homeowners association fees, maintenance, repairs, upkeep and the like. Renters just pay the monthly rent and the landlord pays the mortgage and all the other costs. You make the decisions to make changes to the home.

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5 Expenses Homeowners Pay That Renters Don't

Zillow

Property taxes. As long as you own a home, you’ll pay property taxes. homeowner pays $2,110 per year in property taxes, meaning they’re a significant - and ongoing - chunk of your budget. It costs an average of $35 per month for every $100,000 of your home's value.

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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.