W. J. Mencarow

Homes Have Become Less Affordable Since Biden Took Office

Published by FOX Business | April 1, 2024 The annual earnings required to afford a median-priced home, which Bankrate lists at $402,343, rose 46% between January 2020 and January 2024. Homes in the United States have become increasingly unaffordable during President Biden’s term in office, with one study showing that buyers in nearly half of the 50 …

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Gov. DeSantis Signs Law to ‘End the Squatters Scam,’ Protect Homeowners in Florida

Published by FOX News | March 27, 2024 Under the new law, property owners can now call on the sheriff’s office to immediately remove squatters from their homes if the suspects are unable to produce documents authorizing their residency by the property owner. Republican Florida Gov. Ron DeSantis on Wednesday signed legislation into law that …

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It’s Now Officially Cheaper To Rent Than Buy a Home in the 50 Largest U.S. Metros

Published by REALTOR.com | March 26, 2024 Rental prices are falling—and it’s helping to make it cheaper to be a paying tenant than a homebuyer in America’s 50 largest metropolitan areas. Rentals fell for the seventh month in a row on an annual basis, according to the Realtor.com® February rental report. Prices dropped annually by …

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Mortgage Rates Could Top 7% This Spring as Inflation Ticks Up

Published by REALTOR.com | March 12, 2024 Homebuyers might not want to bet on mortgage rates making any big drops as the spring housing market kicks off. Inflation ticked up in February by 3.2% year over year, according to the most recent consumer price index summary. That’s the third month in a row that inflation has …

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Home Buyers and Sellers to be Spared Standard Broker Commissions Under $418 Million Settlement

Published by NBC News | March 15, 2024 Consumer advocates say the National Association of Realtors’ legal agreement, if approved, could save buyers and sellers thousands of dollars and lead many buyers to forgo agents entirely. The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing commissions, …

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Home Foreclosures Are Soaring Nationwide

Published by FOX Business | March 15, 2024 Home foreclosures rose again in February as Americans continue to grapple with the ongoing cost-of-living crisis. A new report published by real estate data provider ATTOM found that there were 32,938 properties in February with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That …

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Biden’s $400 Monthly Homebuyer Tax Credit: A Potential Hurdle to Homeownership

Published by REALTOR.com | March 8, 2024 The White House estimates it would help almost 3 million families. President Joe Biden might have thrown a lifeline to aspiring homebuyers in his State of the Union address on Thursday evening, but some experts fear that it could result in higher home prices. The president said he would like …

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