W. J. Mencarow

Mortgage Rates Just Topped 7%, Triggering a ‘Sense of Helplessness’ for Many Would-Be Homebuyers

Published by REALTOR.com | April 18, 2024 These higher rates are frustrating homebuyers and sellers, thwarting many of their plans. Mortgage rates are back up above 7%. Even worse, rates could rise further after U.S. Federal Reserve Chair Jerome Powell said policymakers were in no rush to cut rates while inflation remains stronger than anticipated. …

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SCOTUS Rules in Favor of Owners in Property Fee Dispute

Published by Realtor Magazine | April 15, 2024 NAR, along with other housing groups who chimed in on the case, call the unanimous Supreme Court ruling a major win for property rights. The U.S. Supreme Court ruled unanimously on Friday that the government cannot demand hefty development fees from property owners in exchange for building …

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Buyers of Newly Built Homes Can Face a Property Tax Surprise

Published by CNBC.com | April 9, 2024 First-time homeowners often face sticker shock on their mortgage payments after the first year of ownership It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of …

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How To Navigate Capital Gains Taxes In A Challenging Real Estate Market

Published by Forbes.com | April 3, 2024 Due to capital gains tax, profits from a home sale may not entirely end up in your pocket. In a real estate market with skyrocketing prices, selling a property can yield significant financial gains. According to a recent Bankrate report, the supply of U.S. homes has been constrained …

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Millennial Homeownership Is on the Rise Despite Affordability Issues

Published by REALTOR.com | April 3, 2024 About 38% of all buyers were millennials last year, according to the National Association of Realtors. That’s up from 28% in the previous year. Millennials are finding ways to become homeowners—despite an extremely challenging and expensive housing market. About 38% of all buyers were millennials last year, according …

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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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