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Investors turn their eyes to affordable housing opportunities

Housing Wire

As the pandemic shifts from crisis to chronic, investors, community leaders and housing advocates say they intend to make the most of the chance to permanently elevate the case for affordable housing even as economic metrics are starting to shift.

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Growing Home Insurance Costs Will Destroy Your Cash Flow—Here’s What You Can Do About It

BiggerPockets

Real estate investors are usually most concerned about rental income and property taxes. They seldom discuss home insurance. Many assume that home insurance is a standard fixed price in most […]

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Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

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

Housing Wire

The borrower’s largest life-of-loan costs are the property taxes and recording fees paid at closing plus the accumulated cost of annual property taxes paid over the life of the loan. So, what’s peace of mind worth?

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Reasons To Get An Appraisal

Padove Appraisal Service

Estate planning: If you are planning your estate, an appraisal can help determine the value of your property for tax purposes or for dividing assets among heirs. Legal proceedings: An appraisal can be useful in legal proceedings, such as divorce settlements, where the value of a property needs to be determined.

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Is Home Insurance Tax Deductible?

Mashvisor

Whether it’s property taxes, maintenance, and repairs, utilities, homeowner’s insurance, or property management, you’re sure going to spend some cash every month to… Owning a home comes with various expenses.

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Mortgage rates inch closer to 7%

Housing Wire

In addition, the spread between the 10-year Treasury and the 30-year fixed rate mortgage is poised to widen as uneasy investors might keep the risk premium elevated. For buyers of a median-priced home, the monthly mortgage payment—assuming a 20% down payment—amounts to about $2,300, not including property taxes and insurance,“ said Ratiu.

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