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A property tax reckoning is coming

Housing Wire

The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. No one knows how this will all play out.”.

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Arrived Homes wants you to be a landlord

Housing Wire

Arrived wants every average Joe and Jane in America to be a landlord. In case of the loss of a renter or major damages to the property that aren’t covered by insurance, each home has its own cash reserve that Arrived can pull from to cover repairs and continue to provide investors with dividends.

Landlords 273
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Proptech Parcl offers real estate investing without liquidity

Housing Wire

The platform gives users exposure to markets and allows the blockchain to trade. The price index reflects eight different data points, including listing transactions, satellite imagery and property tax records, according to Trevor Bacon, co-founder of Parcl. “We’re not touching the physical asset.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

“When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. You can check with your local tax office or assessor to confirm the property taxes in your area and calculate what you can expect to pay based on a home’s assessed value.

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

Housing Wire

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. He said the housing market is now riding out an environment of “low inventory and high rates.” “I

Investors 337
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Inflation's Impact on the Housing Market

Eppraisal

At the same time, as property values jump, landlords can raise their rents since the cost of maintenance will go up with inflation. Not to be forgotten are property taxes, which will also rise in tandem with values. So, investors have opportunities to prosper under inflation as long as inputs are minimized.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

“When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. You can check with your local tax office or assessor to confirm the property taxes in your area and calculate what you can expect to pay based on a home’s assessed value.