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Foreclosures are rising, but it’s not yet alarming

Housing Wire

But more broadly, since the Great Recession in 2008, there has been a greater implementation of standardized loss-mitigation measures designed to prevent a foreclosure crisis. rising dramatically in the past few years, some owners cannot afford the proportional increase in tax bills. foreclosure rate at 0.3%

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

Miller Samuel

An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. Seriously.

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What is Your Appraiser Level? Why Does It Make a Difference?

Appraisal Today

. = Surviving the Current Slowdown by Kendra Budd, Editor, Working RE Excerpts: While the actual volume of appraisal work has only declined to the equivalent of a slow month in 2018 or 2019, the volume of appraisals has declined over 60 percent from the busiest month in 2021 compared to the later (slower) months of 2022.

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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

Barber added that, unfortunately, the current profit-margin mark “could easily be wiped out by flipping carrying costs — mainly mortgage payments, renovation costs and property taxes.” The National Association of Home Builders estimates that 69,000 BFR homes started construction last year, up 33% year over year.

Investors 421
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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. According to Chicago-based designer and builder Sebring , quartz is still the top choice, followed by granite and marble. Cater to the latest Chicago design trends.

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Millennials and Homebuying

Assurance Financial

Then in 2019, the number rose to 12.3%. There are many loan programs designed to assist first-time homebuyers. While your property taxes and home insurance rates may fluctuate, the majority of your costs will not increase. Design Freedom. In 2018, 10.7% expected to rent forever. In 2020, the rate jumped to 18.2%.

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FHA drafts guidance to expand financing on homes with ADUs

Housing Wire

The proposal is designed to offer additional flexibility for calculating market rent and using ADU rental income to help qualify for FHA-insured mortgage financing. “If The related financial obligations for HECM loans include property taxes, homeowner’s insurance and homeowner’s association fees, if applicable.

Finance 397