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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. Presented by: CoreLogic.

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Homeowners are staying in place twice as long as they did 20 years ago: Redfin

Housing Wire

housing market for multiple reasons, Redfin said. were 65 and older as of 2020, up from 13% in 2010,” the report reads. Less than 7% of millennials have been in their homes for at least 10 years. Older generations have an outsized level of influence over the U.S.

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Mortgage rates continue to climb beyond 7%

Housing Wire

What does it mean for the housing market ? 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. We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

Mortgage 369
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Why owning a home is the best hedge against inflation

Housing Wire

Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed. This is just another reason I keep saying this is the unhealthiest housing market post-2010. Shelter cost is the primary driver of why you might want to own a home.

Inventory 543
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Why owning a home is the best hedge against inflation

Housing Wire

Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed. This is just another reason I keep saying this is the unhealthiest housing market post-2010. Shelter cost is the primary driver of why you might want to own a home.

Inventory 393
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What Is a Foreclosure and How Does it Work?

Quicken Loans

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. Foreclosure can also happen when the homeowner fails to pay their property taxes or homeowners association fees. In an REO, the bank is the sole owner of the property.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

That article came out in 2014 right as the housing market was peaking. I am merely interpreting what I think are the critical issues established this proposed tax. This tax directed is specifically at New York City because it is designated for cities in the state with populations of more than 1 million.