Remove 2019 Remove Construction Remove Insurance Remove Property Taxes
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Foreclosures are rising, but it’s not yet alarming

Housing Wire

The impact of tax and insurance liabilities There are some growing concerns stemming from inflation and the rising costs of property taxes and insurance premiums, which may be problematic for some households, particularly older Americans with fixed incomes. creating chaos in property insurance markets.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

In 2019 the number was 200,000. 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. Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019.

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Millennials and Homebuying

Assurance Financial

Then in 2019, the number rose to 12.3%. While your property taxes and home insurance rates may fluctuate, the majority of your costs will not increase. There are conventional, VA, FHA, construction, modular home, jumbo loans, and more. Many millennials are giving up on ever owning their own home. In 2018, 10.7%

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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. It's all still up in the air at this point.

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AN URGENT CALL FOR CHANGES TO ZONING LAWS

Will Springer Realtor

In a review of 45 years’ data, a 2019 study claims adverse zoning laws wiped out 36% of potential economic growth and negatively affected each worker by more than $8700 in annual wages. Also, affected by the disruptions: builders and homeowners seeking to construct or update homes. Some parts of the U.S. – average is $8800 per person.

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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes.

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Institutional SFR players are stuck in the doldrums

Housing Wire

In California, as of December 31, 2019, defendant [Invitation Homes] owned 12,461 single-family homes in over 100 cities. “… By its failure to pay or remit inspection, permit fees, penalties and interest, Invitation Homes has defrauded cities and counties in California millions of dollars.”