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Top markets for affordable renovated housing inventory

Housing Wire

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. On average, the price of the renovated properties was 3.5 Top Markets for Renovated Inventory. Among 75 U.S. in Cincinnati to 4.4

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Understanding the Math of Profitable Investment Properties

Eppraisal

Investing in real estate can be a lucrative venture, but it's crucial to understand the financial aspects that contribute to a profitable investment property. Let's break down the key elements and calculations you need to consider when evaluating potential investment opportunities.

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How to price homes properly in a volatile housing market

Housing Wire

As a seller if something is sitting out there a couple weeks and it’s not selling, the price is too high,” said Kearney, who has been investing through multiple real estate cycles and believes housing will not be rebounding substantially in the near term. To learn more about pricing properties in today’s market, visit Auction.com.

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Fix and flip market struggles as financing costs rise

Housing Wire

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. People are calling it the Great Renovation.

Finance 370
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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

The longer you live there and pay down the mortgage, the greater your stake in the property’s value. Should the property increase in value over time, then you, in turn, will have built up more equity. Property has the potential to decrease in value, as well.). These costs may also fluctuate over time.).

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Maximizing Tax Advantages of Owning a Home

Eppraisal

While renting offers flexibility and freedom from property maintenance responsibilities, owning a home can provide substantial tax benefits that can positively impact your financial situation. Property Tax Deduction Homeowners are also eligible to deduct property taxes paid on their primary residence from their taxable income.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

Not tax advice. Consult a tax professional. † As with any mortgage, the borrower must meet their loan obligations: keeping current with property taxes, homeowners insurance, and maintenance. HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss?

Mortgage 395