Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. Survey respondents cited high holding costs as another key stressor.

Investors 430

Investors Mortgage Property Taxes Inventory 430

Appraisal Buzz

JANUARY 30, 2025

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. Census Bureau.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

Housing Wire

MARCH 21, 2025

Property insurance premiums and property tax hikes have also added financial strain, particularly in disaster-prone regions like the Southeast and West, where insurance carriers are passing on higher costs to homeowners. I believe the concerns for the market at this point are dramatically related to geographics.

Loan Officers 263

Loan Officers Property Taxes Marketing Insurance 263

Housing Wire

APRIL 5, 2022

The Metaverse is defined as the simulated digital world that mimics the real world through virtual reality and augmented reality in which users can interact. As the Metaverse expands, its offerings now include “virtual” real estate. But what does virtual real estate mean for real-world mortgage professionals?

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Appraisal Buzz

DECEMBER 16, 2024

But that benefit is beginning to be offset by a surge in insurance costs and HOA fees caused by intensifying natural disasters ,along with rising property taxes. This gives buyers leverage when theyre negotiating with other insurers.

HOA 392

HOA Insurance Buyers Property Taxes 392

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. Here are the five real estate contradictions we’re seeing as we close out 2024 and prepare for the new year. Housing demand is high in some areas while others struggle to sell Real estate markets across the U.S.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Appraisal Buzz

NOVEMBER 21, 2024

Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Even more (17.5%) say a concern for safety/crime is prompting them to move.

Property Taxes 365

Property Taxes Brokerage Insurance Real Estate 365

Housing Wire

MARCH 4, 2025

Andy Mooers, a Maine-based real estate agent who has worked for 45 years to link retirees with real estate in the northern part of the state, told the outlet that people develop a fondness for the region after vacationing there from more urban and suburban areas.

Real Estate Agent 402

Real Estate Agent Property Taxes Real Estate Development 402

Housing Wire

JANUARY 9, 2025

The column is likely referencing the Home Equity Conversion Mortgage ( HECM ) program insured by the Federal Housing Administration (FHA). There are closing costs and other fees, and you’ll still be responsible for maintaining the property and paying the property taxes and homeowners insurance, the column noted.

Mortgage 369

Mortgage Property Taxes Insurance Real Estate 369

Housing Wire

OCTOBER 9, 2024

The home insurance marketplace has been facing a reckoning. With the death toll from Helene crossing the grim milestone of 230 this week — and with thousands of impacted homes without flood insurance wiped away — this could lead to a ripple effect that drives homeowners insurance premiums even higher.

Insurance 459

Insurance Mortgage Property Taxes Construction 459

Housing Wire

SEPTEMBER 7, 2023

While tax planning is a year-round task, real estate agents can take some specific actions before the New Year to significantly cut their taxable income. Use these seven strategies to avoid overpaying taxes, save money, and better manage your business. See Publication 587, Business Use of Your Home , for more details.

Real Estate Agent 418

Real Estate Agent Real Estate Agents Business 418

Housing Wire

JANUARY 8, 2021

More for Real Estate Enthusiasts. If your loan is insured by the Federal Housing Administration, the FHA charges an upfront premium of 1.75% of the loan amount. If your loan is insured by the Federal Housing Administration, the FHA charges an upfront premium of 1.75% of the loan amount. Property Tax.

Property Taxes 531

Property Taxes Insurance Real Estate Mortgage 531

Housing Wire

MARCH 1, 2024

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. However, there is no one-size-fits-all approach to homeownership affordability.

Insurance 465

Insurance Property Taxes Real Estate Sellers 465

Miller Samuel

MARCH 19, 2019

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.

Real Estate 370

Real Estate Law Development Investors 370

Housing Wire

NOVEMBER 22, 2024

What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs. “Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market.

Marketing 370

Marketing Housing Market Property Taxes Construction 370

Housing Wire

SEPTEMBER 11, 2024

Other holding costs for real estate include taxes and insurance. According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. In particular, insurance can be a significant portion of monthly payments.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Housing Wire

OCTOBER 10, 2024

As of this week, the death toll has surpassed 230 and thousands of homes, many without flood insurance , have been destroyed. Insurance and inventory An alarming statistic is that most homeowners in these areas are not insured by the private insurance market or by the National Flood Insurance Program (NFIP).

Insurance 375

Insurance Inventory Property Taxes New Listings 375

Housing Wire

DECEMBER 14, 2023

The borrower’s largest life-of-loan costs are the property taxes and recording fees paid at closing plus the accumulated cost of annual property taxes paid over the life of the loan. So, what’s peace of mind worth?

Insurance 459

Insurance Property Taxes Buyers Investors 459

Housing Wire

DECEMBER 9, 2020

Real estate technology company Knock has announced the launch of Knock Nest, a standalone sale-leaseback solution that allows homeowners to access the cash they’ve built up in their home while continuing to live in it. Knock will purchase the home and rent it back to the (former) owners.

Property Taxes 418

Property Taxes Real Estate Design Insurance 418

Housing Wire

AUGUST 29, 2024

According to John Burns Real Estate Consulting – Austin, Texas, in 2024 actually has net outbound migration — perhaps for the first time in 15 years. Texas, in particular, is a high tax state for real estate. If you bought a home in 2019 in Austin, your taxes are dramatically higher now.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

NOVEMBER 29, 2023

“A lot of Nashville locals have been priced out of homeownership, but when you’re coming from somewhere like California or New York, housing prices here still seem reasonable,” Redfin Premier real estate agent Kristin Sanchez said in a statement. This could have a negative impact on home prices in those markets.

Property Taxes 448

Property Taxes Real Estate Agent Insurance Housing Market 448

Housing Wire

AUGUST 16, 2024

Redfin said it defines an investor “as any institution or business that purchases residential real estate, meaning this report covers both institutional and mom-and-pop investors.” The study is based on an analysis of county-level home purchase records across 39 of the most populous U.S. metro areas going back to 2000.

Investors 468

Investors Tenants Real Estate Property Taxes 468

Housing Wire

JANUARY 3, 2022

However, ATTOM noted that the latest level is still within the 28% standard lenders prefer for how much homeowners should spend on mortgage payments, home insurance and property taxes. In comparison, the fourth quarter of 2020 saw ownership costs at 21.5%.

Property Taxes 535

Property Taxes Lending Housing Market Insurance 535

Housing Wire

DECEMBER 22, 2020

More for Real Estate Enthusiasts. Most lenders require you to pay for home insurance and property taxes as part of your monthly payment. These funds are then put into an escrow account and held until your premium and taxes come due each year. How much house can you afford to buy? Buying a home?

Mortgage 448

Mortgage Property Taxes Loan Officers Sellers 448

Appraisal Buzz

AUGUST 16, 2024

year-over-year—the largest increase since mid-2022, according to a new report by Redfin, a real estate brokerage. Real estate investors are reentering the market to capitalize on strong rental demand,” said Redfin Senior Economist Sheharyar Bokhari. Investor activity in the U.S. increase from a year earlier.

Investors 370

Investors Property Taxes Housing Market Real Estate 370

Housing Wire

NOVEMBER 2, 2020

There’s a growing sense that affordable housing is a stable investment class for banks and insurance companies; even in the 2008 – 2009 recession, it held up well.”. For instance, it’s possible that housing tax credits and other supports for affordable housing could be sacrificed or functionally negated by property tax increases.

Investors 459

Investors Transportation Property Taxes Investing 459

Housing Wire

MAY 25, 2023

[They likely] would feel much more confident that they can keep a significant amount of the proceeds from their departure home and not have to make monthly mortgage payments, provided they continue to pay their taxes and insurance and maintain the home,” said Rob Cooper, National Purchase and Builders Sales Leader for Longbridge. “If

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

Housing Wire

JANUARY 22, 2021

Most condos also have strict rules regarding decor and customization of the properties, and you’ll typically pay a COA fee to help keep up the community. More for Real Estate Enthusiasts. This makes them less valuable in the long run. How much house can you afford to buy? 5 tips for finding the right mortgage lender for you.

Property Management 418

Property Management Decorating HOA Property Taxes 418

Housing Wire

JANUARY 29, 2021

Keep in mind though, a great deal of money goes into buying a new house (regardless of the property type). Besides a down payment, you’ll have to pay closing costs, property taxes, insurance, etc. The costs add up quickly. And if your income isn’t stable, you might struggle to make ends meet.

Property Taxes 482

Property Taxes Sellers Insurance Mortgage 482

Housing Wire

JUNE 17, 2024

After first entering the housing business to sell real estate , Jim Cullen transitioned into the mortgage industry in 1997. But I wanted to take a HECM, set it up as a line of credit, and utilize that to pay property taxes and insurance. So, that’d be one less thing I have to budget for. It’s all done.

Mortgage 460

Mortgage Property Taxes Insurance Business 460

Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Property taxes are about the same.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Inman

AUGUST 1, 2024

The rising cost of construction, insurance and property taxes are creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell.

Property Taxes 170

Property Taxes Real Estate Agent Mortgage Real Estate 170

Housing Wire

AUGUST 29, 2024

Insurance premiums are up 27.7% Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too. High interest rates and inflation mean the cost of reinvesting in properties is expensive. A seemingly easy solution would be to sell properties.

Landlords 431

Landlords Tenants Property Taxes Development 431

Housing Wire

OCTOBER 8, 2021

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. I bring up the property to a much higher standard. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9% Typically Auction.com is (selling) foreclosures.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

FEBRUARY 19, 2024

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent.

Real Estate 468

Real Estate Property Taxes Insurance Government 468

Housing Wire

JUNE 17, 2024

It assumed a 10% down payment and did not factor in property taxes or homeowners insurance. “In contrast, millennials on average faced the lowest mortgage burdens, thanks to a decade of ultralow interest rates following the Great Recession.“ For millennials turning 30, the typical mortgage payment has averaged only 22.5%

Housing Market 497

Housing Market Property Taxes Inventory Buyers 497

Housing Wire

OCTOBER 9, 2024

These include property taxes , homeowners insurance and — if applicable — homeowners association (HOA) fees. It could be financial planning playbooks, maybe working with attorneys or real estate professionals. There’s got to be a caveat to that,” Hultquist said. And servicing — know the servicing.

HOA 426

HOA Legal Property Taxes Mortgage 426