Housing Wire

MAY 21, 2024

Research local market trends Stay informed about local market trends, such as inventory levels, demand, and median home prices. Comparables can help agents assess current market trends, and make informed decisions when it comes to a fair offer price.

Real Estate Agent 466

Real Estate Agent Real Estate Inspection Tools 466

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

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Marketing Mortgage Inventory Loan Officers 384

Housing Wire

DECEMBER 20, 2023

If your buyers can’t or won’t compete for scarce inventory, change your strategy. Often the tuition can be made up by the fact that buying out of the district costs less and has lower property taxes. Assuming they love it or used to love it before they outgrew it, what caused them to choose it?

Real Estate Agent 421

Real Estate Agent Buyers Real Estate Clients 421

Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year.

Housing Market 384

Housing Market Renovations Marketing Retail 384

Housing Wire

MAY 17, 2023

At that margin, ATTOM notes, the cost of renovations, property taxes, mortgage interest and other expenses — which in total consume 20% to 33% of the resale value — could easily cancel out any return on investment for the flipper. People are calling it the Great Renovation.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

MAY 25, 2023

Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. The big difference is that monthly mortgage payments are optional so long as the borrower continues to maintain the home and pay their property taxes and insurance,” Cooper said.

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Loan Officers Real Estate Agent Real Estate Finance 397

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. The estimated monthly mortgage payment — including property taxes and insurance — required just 22.7%

Renovations 370

Renovations Buyers Development Insurance 370

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.

Inventory 410

Inventory Renovations Supply Chain Buyers 410

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.

Sellers 496

Sellers Marketing Inventory Contracts 496

PennyMac

JANUARY 2, 2024

Starter Home Inventory Peaks Leaf colors aren’t the only things that peak in the fall. Typically, so does starter home inventory, which can be good news for first-time homebuyers. Very Motivated Sellers Sellers are often motivated due to less competition from buyers.

Renovations 28

Renovations Sellers Property Taxes Inventory 28

Eppraisal

SEPTEMBER 29, 2023

On the buying side, this includes mortgage payments, property taxes, homeowner's insurance, and maintenance expenses. Look at trends in home prices, rental rates, and the availability of properties. Conversely, in a seller's market with high demand and limited inventory, renting could be the better option.

Marketing 36

Marketing Property Taxes Real Estate Insurance 36

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

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Inventory Construction Government Housing Market 545

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.

Inventory 543

Inventory Mortgage Property Taxes Insurance 543

The Robert Weiler Company

DECEMBER 14, 2023

If you are ready to purchase Columbus OH real estate and own a business, you should note that businesses in the Columbus Region benefit from the following: No personal property tax; Zero inventory tax; And no state corporate income tax. But that’s just the tip of the iceberg!

Real Estate 78

Real Estate Investing Business Development 78

Housing Wire

APRIL 11, 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.

Inventory 397

Inventory Mortgage Property Taxes Insurance 397

Eppraisal

APRIL 27, 2021

According to an article on Zillow.com, you also receive tax deductions such as your mortgage interest and your property taxes. This is mostly due to the low inventory of homes available for sale. You can refinance or borrow against this equity for a major purchase in the future.

Property Taxes 50

Property Taxes Home Value Landlords Insurance 50

Eppraisal

FEBRUARY 22, 2022

This is especially true when housing inventories are low -- a perfect illustration of money supply outpacing economic growth. Mainstream wholesalers are often most interested in distressed properties so it is doubtful that inflation will significantly make purchases cost prohibitive. What about investors, who both buy and sell?

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

Appraisal Today

JULY 8, 2022

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. I’ve seen mansions that are $1,000 per day just in property taxes alone.”.

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

Cleveland Appraisal Blog

AUGUST 6, 2021

PROPERTY TAXES. Property taxes are an important thing to think about before paying more than market value for a home. In many areas, property taxes can be expensive. Furthermore, with home prices increasing rapidly, you can be sure that taxes are going to go up substantially in the future.

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Buyers Property Taxes Inspection Market Value 243

Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. The quick increase in mortgage rates created an uphill battle for many Americans who want to buy a home by locking up inventory and making the homes that do hit the market too expensive.

Inventory 370

Inventory Property Taxes Buyers Modernization 370

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.

Housing Market 432

Housing Market Marketing Realtors Inventory 432

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.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

OCTOBER 17, 2023

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. in first quarter to 27.5% It remained way below the 44.6% hit in the second quarter of 2021.”

Investors 421

Investors Inventory Investing Real Estate 421

Appraisal Today

SEPTEMBER 22, 2023

At the current mortgage rate, and with a 20% down payment, homes priced at $250,000 will have a typical monthly payment of around $1,358, before property taxes and home insurance costs. Home prices in many markets have been supported by low inventory and resilient housing demand for available homes.” percent the previous week.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Miller Samuel

MARCH 19, 2019

Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. And it is a marginal rate tax - only the amount above each threshold is taxed. As an annual property tax, the dollar thresholds will be more firm.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Buzz

OCTOBER 24, 2022

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.

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Valuation Appraisal Real Estate Property Taxes 150

Chicagoland Appraisal Blog

MARCH 21, 2022

TRANSCRIPTION: If you’re buying, selling, divorcing, filing bankruptcy, fighting your property tax bill, etc…it’s super important to value your real estate correctly. There are a lot of other products that we can do and the last will be property tax appeals which have been big over the last several years.

Appraisal 148

Appraisal Tenants Real Estate Property Taxes 148

Cleveland Appraisal Blog

FEBRUARY 17, 2021

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.

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Appraisal Clients Inspection Market Value 217

Annarbor Appraisal

APRIL 9, 2020

If prices had already started to level even with an extreme shortage of inventory, what will happen when the market unfreezes and buyers and sellers are free to move around again? What about property taxes and their effect on affordability? What happens if the unemployment rate tops 30%? What happens if it only tops 15%?

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers.

Housing Market 545

Housing Market Marketing Construction Development 545

Will Springer Realtor

NOVEMBER 9, 2022

Sure, the increases in inventory are impressive – up 123% for all homes in the county from 2021 to today and up a whopping 359% on the Eastside – but that should not surprise anyone. Active inventory reflects unsold listings from all months as well as Pending sales, while the new listings figure is only for the most recent month.).

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New Listings Housing Market Inventory Buyers 36

PennyMac

JANUARY 3, 2024

Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell. If it’s a seller’s market now, you might encounter tight inventory. Since you are carrying two mortgages, your debt-to-income ratio can be very high.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Chicagoland Appraisal Blog

APRIL 3, 2020

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. There’s a common misconception that it’s best to list when it gets warm out, but there are more buyers than inventory in January and February,” she points out.

Real Estate Agent 78

Real Estate Agent Architecture Modernization Buyers 78

Will Springer Realtor

MAY 9, 2022

” 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

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. Property taxes are steep at $60K a year. The typical seasonal spring in its step has been replaced by a slow shuffle as the Seattle/King County residential market tries to find its rhythm in a challenging economic environment.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Inventory remains a big concern. months of single-family-home inventory in King County and on the Eastside, and 0.5 months (6 days) of single-family inventory. months (6 days) of single-family inventory.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Most notable, Senate Bill 5713 would provide a property tax exemption until Jan. Condo inventory is not much better. Both the Eastside and Seattle have 0.6 There is 0.6 months’ supply across the county, including 0.3

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36