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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

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.

Inventory 403
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It hasn’t been this hard to buy an existing home in at least a decade

Housing Wire

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. As a frame of reference, a 20/1,000 turnover rate is a fairly typical for the modern housing market. Historically, California’s tax laws have incentivized homeowners to stay put by limiting property-tax increases.

Inventory 368
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Adjustments: What’s in Your Workfile?

Appraisal Buzz

John Dingeman: I am a Certified Residential Appraiser and Registered Property Tax Agent. The opportunity to work remotely and live anywhere while doing it increased activity and demand and reduced the inventory to record lows. At Freddie Mac, I am responsible for its collateral risk management and its valuation team.

Valuation 150
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Things To Remember About Tax Appeals

Cleveland Appraisal Blog

As January rolls around each year, homeowners begin receiving their property tax bills. That’s why my tax appeal work often picks this time of the year. Property values have been increasing in many areas for years, with 2020 being a record year for home appreciation in many neighborhoods. – APPRAISAL TODAY.

Appraisal 217
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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

in 2019 over the previous year, perhaps an effect of high property taxes, falling population, and an excess of homes after the mid-2010s construction boom. If your home is more contemporary, a set with sleek, simple lines, like this modern aluminum furniture collection from Target, will add cutting-edge comfort to your outdoor space.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. Falling new inventory is constraining transaction volumes while also supporting higher home prices. Property taxes are steep at $60K a year.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. months) was fractionally worse than in Seattle (0.8), where the Central District (including Capitol Hill) was enjoying a relative wealth of inventory at 1.1 Inventories rose in the past month across the county (0.8