Housing Wire

DECEMBER 17, 2024

PACE loans caused borrowers property taxes to increase by about $2,700 per year or an 88% increase, according to the CFPB. PACE borrowers were also more likely to fall behind on payments for their first mortgage compared to those who didnt use the program.

Mortgage 396

Mortgage Renovations Finance Property Taxes 396

Appraisal Buzz

SEPTEMBER 19, 2024

Escalating home values have driven up property taxes, leading to homeowner distress, making it more important than ever to help them understand and plan for these increases. With the trust of all the nation’s top 25 residential servicers and over 48 million loans under tax service, we’ve identified six strategies to help.

Property Taxes 221

Property Taxes Tools Technology Investing 221

Housing Wire

NOVEMBER 22, 2024

Higher mortgage rates dissuaded would-be homebuyers from purchasing flipped properties, while growing competition from new and resale inventory made things more difficult for these investors. These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed.

Investors 433

Investors Mortgage Property Taxes Inventory 433

Housing Wire

MAY 18, 2022

Blockchain-based real estate platform Parcl is betting people want a piece of the real estate pie so badly customers are willing to invest in an emerging, small slice of the market: a digital square foot of real estate. Not only are customers investing in Parcl’s product, but the company itself also recently secured funding of $7.5

Real Estate 418

Real Estate Investing Investors Property Taxes 418

Housing Wire

MARCH 11, 2025

This is according to a new survey from Point , a company that specializes in home equity investments. [O]lder Over half (53%) of older adults report that maintenance and repair costs, along with concerns about property taxes and daily living expenses, are significant obstacles to aging in place, Point’s survey results explained. [N]early

Property Taxes 274

Property Taxes Renovations Investing 274

Housing Wire

MARCH 25, 2021

Rocket Companies chairman Dan Gilbert is making another massive investment in Detroit. The billionaire mortgage mogul’s family foundation and Rocket’s community fund on Thursday announced a combined $500 million philanthropic investment in Detroit neighborhoods over the next decade.

Investing 370

Investing Property Taxes Tenants Mortgage 370

Appraisal Buzz

DECEMBER 11, 2024

Walkable Communities: To make every neighborhood more walkable, support initiatives like Complete Streets and make investments in infrastructure upgrades like crosswalks, sidewalks, and traffic-calming techniques. High property taxes are another factor at work, as 55% of respondents cite them as a cause for moving. 1688 / H.R.

Property Taxes 362

Property Taxes Tenants Technology Investing 362

Housing Wire

JANUARY 6, 2023

This shift is happening because of the increased willingness of private investors to invest in servicing and the government sponsored enterprises’ focus on reducing their footprint. Step 1 – The full population from the portfolio transfer was run through CoreLogic’s databases to check the property tax status.

Property Taxes 448

Property Taxes Clients Buyers Government 448

Housing Wire

MARCH 11, 2025

While homeownership can be a long-term investment, renting remains the cheaper option in each of the country’s 100 largest metro areas, according to a LendingTree analysis of U.S. The study compared median monthly rents to median homeownership costs including mortgage payments, taxes and fees across the 100 largest metros.

Property Taxes 163

Property Taxes Landlords Finance Investing 163

Housing Wire

NOVEMBER 2, 2020

The public and policymakers appear to be unflagging in their understanding and support for workforce housing, especially for essential workers, recognizing its pivotal role in community operations, said Brian Coffee, senior director for community investment capital for Synovus Bank in Birmingham, Alabama.

Investors 459

Investors Transportation Property Taxes Investing 459

Housing Wire

APRIL 1, 2021

The Gilbert Family Foundation will contribute $350 million , and the Rocket Community Fund will invest $150 million, Gilbert announced during his first television appearance in years. To start, Gilbert’s family foundation will entirely eliminate the property tax debt owed by about 20,000 low-income homeowners in the city of Detroit.

Property Taxes 435

Property Taxes Investing Mortgage Business 435

Housing Wire

AUGUST 11, 2020

CoreLogic has invested more than $35 million into its DigitalTax Platform over the last three years, providing customers with a unified and consistent view of property tax data across the mortgage ecosystem.

Mortgage 397

Mortgage Property Taxes Technology Development 397

Housing Wire

APRIL 19, 2021

“COVID-19 has starkly highlighted housing inequities across the country, so while the underlying issues haven’t changed, our level of urgency around mobilizing must increase,” said Grannemann, vice president of strategic investments for Rocket Community Fund. “No the racial wealth gap is at the core.”.

Property Taxes 418

Property Taxes Inventory Tools Technology 418

Appraisal Buzz

DECEMBER 23, 2024

return on investment before expenses on homes re-sold during the third quarter down from 31.2% It also stayed within a range that could easily be wiped out by carrying costs that include renovation expenses, mortgage payments and property taxes, exposing again the struggles U.S. in the second quarter.

Property Taxes 390

Property Taxes Renovations Investing Appraisal 390

Housing Wire

OCTOBER 21, 2024

Yet ‘renting by choice’ is also on the rise as it offers flexibility, less financial commitment, and freedom from the burdens of property taxes, maintenance, and insurance. Yet despite the growing proportion of renters—either by necessity or choice—homeownership remains the gold standard in the U.S. cultural narrative.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Housing Wire

DECEMBER 6, 2024

Some popular real estate newsletter content includes: Market updates Featured listings Industry news Local news Community events Agent profiles Investment opportunities No matter what content you choose to include, your real estate newsletter should serve as a meaningful touchpoint that continuously builds your client relationships.

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

MARCH 21, 2024

Your home comes with a lot of costs, like mortgage payments, utilities, property taxes, and more, which can really impact retirement planning. Housing, wealth and retirement is more about cash flow, and can you maintain that cash flow and your property while living the life you want in retirement.”

Mortgage 448

Mortgage Property Taxes Advertising Finance 448

Housing Wire

MAY 20, 2024

The CFPB advises that upfront fees can be “as much as $6,000 plus closing costs in an initial mortgage insurance premium,” in addition to an annual mortgage insurance premium and obligations related to property taxes and homeowners insurance.

Mortgage 448

Mortgage Insurance Property Taxes Development 448

Housing Wire

MAY 12, 2022

Not everyone can afford to invest in rental property in the area they live in. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on your goal to add real estate investments to your portfolio. Reasons to Invest in Out-of-State Rental Property.

Real Estate 448

Real Estate Investing Real Estate Agent Property Management 448

Housing Wire

APRIL 8, 2021

The longer you live there and pay down the mortgage, the greater your stake in the property’s value. Should the property increase in value over time, then you, in turn, will have built up more equity. Property has the potential to decrease in value, as well.). These costs may also fluctuate over time.).

Property Taxes 435

Property Taxes Landlords HOA Renovations 435

BiggerPockets

JUNE 24, 2024

These tips will help you make smarter decisions about property tax strategies to maximize your returns.

Property Taxes 87

Property Taxes Real Estate Investing 87

Housing Wire

SEPTEMBER 20, 2024

Attom measures the profit margin on home flips by subtracting the median purchase price from the median resale price, so costs related to renovations, mortgages and property taxes eat into the final margin. The report comes with a few caveats. The typical margin of 30.4%

Property Taxes 458

Property Taxes Renovations Investors Sellers 458

Housing Wire

JUNE 30, 2021

Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018. In a July letter sent to its board of directors , Cannae Holdings and Senator Investment Group proposed buying the firm in an all-cash offer for $66 a share.

Property Taxes 397

Property Taxes Investors Investing Mortgage 397

Housing Wire

AUGUST 16, 2024

“Multifamily lending fell by roughly half in 2023 as sales transactions declined and far fewer property owners sought to refinance their loans,” Jamie Woodwell, the MBA’s head of commercial real estate research, said in a statement. a year prior but still above pre-pandemic levels.

Investors 468

Investors Tenants Real Estate Property Taxes 468

Appraisal Buzz

JULY 10, 2024

Owning a home is still an important wealth vehicle for any generation and it’s reassuring that homeowners continue to see the value in this type of investment.” Cost hikes for utilities (83%), house insurance (81%), property taxes (81%) and repairs (74%), according to homeowners, have been experienced.

Property Taxes 367

Property Taxes Finance Lending Housing Market 367

Housing Wire

AUGUST 29, 2024

At many affordable housing properties, expenses exceed revenues and owners are now forced to feed budgets to cover costs. At the same time, the nation’s affordable housing stock is aging and desperately needs investment. High interest rates and inflation mean the cost of reinvesting in properties is expensive.

Landlords 433

Landlords Tenants Property Taxes Development 433

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

MARCH 9, 2022

Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. The firm, founded in 2008, also provides document management services for closing, purchase, sale and securitization of residential and business-purpose mortgage loans.

Property Taxes 365

Property Taxes Clients Mortgage Technology 365

Housing Wire

OCTOBER 17, 2023

Experts in both those housing-market sectors say smaller investors are leading the charge now in an inventory-depressed market, in part, because they have a more flexible return-on-investment threshold. in the second quarter. “… The latest investment return (ROI) for home flips certainly isn’t great, [however].

Investors 448

Investors Investing Inventory Real Estate 448

Appraisal Buzz

AUGUST 16, 2024

High insurance rates and property taxes in the area were cited as factors deterring investment. San Francisco and other California cities also saw notable gains, reflecting a broader recovery in the Bay Area’s housing market after a pandemic-driven slowdown. year-over-year.

Investors 370

Investors Property Taxes Housing Market Real Estate 370

Housing Wire

OCTOBER 9, 2024

These include property taxes , homeowners insurance and — if applicable — homeowners association (HOA) fees. Don’t go out of bounds by giving tax advice, legal advice or investment advice. There’s got to be a caveat to that,” Hultquist said. Staying in your lane’ is another way we talk about it.

HOA 429

HOA Legal Property Taxes Mortgage 429

Housing Wire

MAY 18, 2022

Not tax advice. Consult a tax professional. † As with any mortgage, the borrower must meet their loan obligations: keeping current with property taxes, homeowners insurance, and maintenance. HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss?

Mortgage 418

Mortgage Clients Insurance Tools 418

Housing Wire

MAY 21, 2024

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

JUNE 28, 2024

Far from being “hidden,” title insurance fees and other closing costs must be provided and disclosed to consumers as required by the TILA-RESPA Integrated Disclosure (TRID) rule—which was developed by the CFPB in 2015 after significant consumer testing and hundreds of millions of dollars invested in partnership with our industry and others.

Insurance 397

Insurance Property Taxes Sellers Development 397

Housing Wire

AUGUST 24, 2023

At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers. For a majority of people, buying a home still means borrowing money.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

MAY 8, 2023

The monthly house payment to buy a renovated foreclosure — assuming a 5% down payment, the going 30-year fixed mortgage rate at the time of sale and including property taxes and insurance — represented just 20% of the median family income in the surrounding Census tract. This also raises the properties and neighborhoods values.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Appraisal Buzz

AUGUST 13, 2024

Per the report, the transactions frequently lack regulation, and other sellers and investment groups may lay a number of traps that force homebuyers to live in unusable or inhabitable properties, pay for costly repairs and tax liens, and run the risk of losing both their down money and their residences.

Contracts 367

Contracts Investors Sellers Lending 367