Housing Wire
OCTOBER 8, 2021
home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. Renovated Inventory to the Rescue. Top Markets for Renovated Inventory. The post Top markets for affordable renovated housing inventory appeared first on HousingWire.
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.
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Appraisal Buzz
MAY 20, 2024
Higher unemployment, lower personal savings, increases in property taxes and insurance, and a run-up in credit card debt and delinquency contributed to conditions that would make it tougher for some homeowners to make their mortgage payments.” “At
Housing Wire
APRIL 29, 2024
The bearish take is that there are many more sellers than buyers and inventory is rising. Housing inventory There are now 556,000 single-family homes on the market. from last week, with slightly more than 13,000 additional properties on the market now than a week ago. Rates are higher now, so unsold inventory is higher.
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
MARCH 10, 2022
On top of all that, since inventory is at all-time lows, it’s been harder and harder for first-time homebuyers to win some bids because they don’t have more money to bring into the bidding process. Yes, your property tax or insurance might go up, but the mortgage payment is generally fixed.
Housing Wire
AUGUST 24, 2023
At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers. For a majority of people, buying a home still means borrowing money.
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