Housing Wire
FEBRUARY 15, 2024
For that group, the median monthly cost of owning a home — which includes insurance and property taxes, among other things — is just over $600 (similar to the monthly cost for other generations with no outstanding mortgage, but other generations are far less likely to own homes free and clear),” the report stated.
Housing Wire
DECEMBER 20, 2023
If your buyers can’t or won’t compete for scarce inventory, change your strategy. Look for new construction, even if your buyers don’t think they will like it. Often the tuition can be made up by the fact that buying out of the district costs less and has lower property taxes.
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Housing Wire
DECEMBER 7, 2020
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. For now, though, the low inventory means housing starts have legs to move higher. months, the builders are ok with construction as long as new home sales grow. If supply goes over 6.5 Hard pass.
Housing Wire
MAY 8, 2023
A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.
Eppraisal
FEBRUARY 22, 2022
Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. This is especially true when housing inventories are low -- a perfect illustration of money supply outpacing economic growth. Not to be forgotten are property taxes, which will also rise in tandem with values.
Appraisal Today
JULY 8, 2022
Excerpts: Built sometime in the late 19th century, a Victorian-era row house was constructed on St. Paying high property taxes. Once you’ve saved up the thousands for a down payment on a mansion and managed to move in, don’t forget to budget for the sky-high property taxes you’ll be paying for as long as you own the home.
Housing Wire
JUNE 21, 2021
But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. “Most of my clients are from out of state wanting to own second homes or investment properties here,” she said. year-over-year.
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