W. J. Mencarow

Surge in Home Insurance Costs Adding More Inflation Pressure on Americans

Published by FOX Business | April 24, 2024 Rising home insurance rates are crushing U.S. families The astronomic rise in mortgage rates and spike in home prices over the past year have pushed a key tenet of the American dream out of reach for millions of families. Now, there is another obstacle to homeownership: higher …

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Ransomware: Protecting Your Business From Increasing Cyberthreats

Published by National Association of Realtors | April 18, 2024 To say that ransomware is a growing cyber threat is an understatement. Ransomware—cyberattacks in which cybercriminals use malicious software to seize control of computers and network systems, encrypt data, and then demand payment to release control of the data and computer systems—is driven by low …

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Commercial Real Estate Foreclosures Jumped 117% in March

Published by FOX Business | April 18, 2024 The commercial real estate market is starting to buckle under the weight of higher interest rates and remote work. There were 625 commercial real estate foreclosures in March, up 6% from February and 117% from the same time last year, according to a new report published by …

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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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