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Foreclosures are rising, but it’s not yet alarming

Housing Wire

For one, the mortgage servicing industry adopted some COVID-era, rescue-type packages where a house does not go into immediate foreclosure. rising dramatically in the past few years, some owners cannot afford the proportional increase in tax bills. With home values across the U.S. With home values across the U.S.

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Desktop appraisal option to start in March

Housing Wire

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes. By April, more than 15% of loans sold to the government-sponsored enterprises used desktop appraisals.

Appraisal 414
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How to grow housing supply in 2021

Housing Wire

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow.

Inventory 543
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How to Appeal Your Property Taxes in King County

Will Springer Realtor

The state requires that county assessors inspect every property at least every six years to maintain accurate information about the parcel and structures. Local governments are limited to a 1% annual increase in property tax revenue regardless of changes in property values – but there is a catch. overall increase.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

When including the approximately 900,000 single family homes constructed by new homebuilders during the year, according to data from the Census and U.S. That’s according to an analysis of more than 275,000 properties brought to foreclosure auction on Auction.com in the last seven years, between 2016 and 2022.

Inventory 371
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DataDigest: The staying power of the new New South

Housing Wire

It’s just much cheaper to live here,” said Jon Overfelt, co-owner of American Security Mortgage Corp. We hear it all the time – somebody who leaves New Jersey or New York is like, ‘I couldn’t keep up with the taxes.’ But the city only constructed 206,000 housing units. All the new construction in every direction. “We