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How realtors can leverage micro-market shifts to drive urgency and capitalize on opportunities in a challenging market

Housing Wire

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.

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Struggling homeowners often don’t understand escrow

Housing Wire

LERETA highlighted that 68% have experienced monthly mortgage payment increases due to rising property taxes and insurance premiums. LERETA also found that 49% of respondents would consider selling and moving if property taxes increased. Since 2023, 80% of respondents saw property tax increases.

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How will California’s Proposition 19 impact property taxes?

Housing Wire

A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners while increasing property taxes for those inheriting their parents’ or grandparents’ properties. vote , a pro-Prop 19 website. “It

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Why CAR campaigned for California’s Proposition 19

Housing Wire

The passage of Proposition 19 in California — which will generate wildfire relief funds while providing tax breaks for senior citizens — was a victory for the California Association of Realtors , which lobbied for its passage and put real dollars behind the effort. But CAR, which supported the measure with $35.7

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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

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. According to Zillow , the city’s median rent across all property types stood at $2,025 as of Nov. 20 — $4 less than the national average.

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‘Hidden Costs’ of Homeownership Continue to Soar 

Appraisal Buzz

Bankrate compiled the typical costs of property taxes, homeowners insurance, and home maintenance, which was estimated to be 2% of a home’s value per year. The National Association of Realtors reported that the median price of an existing home in March 2020 was $280,700. is now 26% higher than it was four years ago. California.

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Chicago housing market normalizing after unprecedented volatility during the pandemic

Housing Wire

Property taxes are another factor that is slowing things down. In Cook County, the property tax rate has increased substantially , a move by municipal officials designed to rightsize budgets that have gotten turned upside down. I know that some of the U.S.