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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers. Do you know of anyone who purchased a home within the past year?

Buyers 243
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Homeowners are staying in place twice as long as they did 20 years ago: Redfin

Housing Wire

While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 were 65 and older as of 2020, up from 13% in 2010,” the report reads. years last year, up from 6.5 years in 2005, according to a Redfin analysis of median U.S.

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Opinion: Title and settlement fees aren’t a barrier to homeownership

Housing Wire

Asian borrowers pay $13 less than non-Hispanic white borrowers (the control group); low-income borrowers pay $14 more; and first-time home buyers pay $11 less than repeat buyers. Missing the forest for the fees Seeking to reduce the barriers to entry for low- and moderate-income and non-white home buyers is a worthwhile endeavor.

Insurance 383
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Low-tax states are winning the real estate battle

Housing Wire

The trend is reversed in high-tax states, where an average of 2.5 states from 2013 to 2020, correlated with rates of sales tax, income tax and property tax in 2020. ” Nevada , Florida, South Carolina and Texas top the list of low-tax states attracting new residents. .”

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Is 2021 a good time to sell your house?

Housing Wire

Last year, buyer demand increased due to record low mortgage rates. To put it simply, the last half of 2020 was a seller’s market. Low-interest rates are great for potential buyers. The average home price in 2020 was $464,068, If you live in an area where home prices are skyrocketing, it might be a good time to sell your home.

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MINNEAPOLIS MULTI-FAMILY TRENDS – IMPACTS OF 2020

Simonson Real Estate

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic.

Landlords 117
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Why CAR campaigned for California’s Proposition 19

Housing Wire

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said. But CAR, which supported the measure with $35.7