Residential 13 | Paper Source Online

Warning, Homeowners: Property Taxes Are on the Rise Across the Country

Published by REALTOR.com | April 6, 2023 Across the country, many homeowners are being squeezed hard by higher property taxes. For the past few years, the spotlight has been on homebuyers and renters navigating the topsy-turvy housing market. Then the market shifted, and the focus began veering toward home sellers. But what about homeowners? Across …

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A Tale Of Two Housing Markets In The Slowing West And Rising East

Housing Market, Residential / By W. J. Mencarow

Published by Forbes.com | April 4, 2023 Pent-up home buyer demand is responding favorably to lower rates in many markets. A new report by data analytics provider CoreLogic reveals in many ways a tale of two very different housing markets. At one extreme, the West is slowing, and at the other extreme, the East is rising. Even …

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U.S. Has 3rd Lowest Percentage Of Households That Own Their Homes Without Mortgages

Mortgages, Residential / By W. J. Mencarow

Published by Forbes.com | March 31, 2023 A 2022 OECD study of 28 countries found the U.S. had the third lowest percentage of households that owned their homes “free and clear” with no mortgages, as “outright owners.” The U.S. is more of a mortgage-ownership society than a home-ownership society. A 2022 OECD (Organisation for Economic …

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How the White House Tenant-Centered Action Plan Could Affect Your Investments

Rental Property, Residential / By W. J. Mencarow

Published by Property Onion | March 17, 2023 Real estate investors need to be aware of the potential impact of the new tenant-centered action plan to plan and prepare for how these policies might impact their portfolios. The Biden Administration recently announced a new tenant-centered action plan to address affordable housing issues for renters. The project aims to provide …

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A Surprising Sign That Home Prices May Finally Take a Plunge This Summer

Housing Market, Residential / By W. J. Mencarow

Published by REALTOR.com | March 30, 2023 In March, real estate listing prices came in nationwide at a median of $424,000, down from June’s all-time record high of $449,000. After a few years of flying high, home prices are finally coming back down to earth with a thud. In fact, the prospect of an outright price …

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Housing Markets in Tech Hubs are Cooling Fast

Housing Market, Residential / By W. J. Mencarow

Published by FOX Business | March 27, 2023 Austin, Texas, was the fastest-cooling market over the past year. Tech hubs are becoming some of the fastest-cooling housing markets in the U.S. These hubs and pandemic hot spots have been hit hard as turmoil persists in the sector and housing costs remain elevated, according to a new …

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The Pros And Cons Of Rent Control For Landlords And Tenants

Rental Property, Residential / By W. J. Mencarow

Published by Forbes.com | March 23, 2023 A staggering 70% of housing providers say rent control affects their investment and development plans. While rent control appears to help housing providers in the short run, in the long run it affects their investment and development plans, according to new research by the National Apartment Association (NAA). Potential actions …

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Existing Home Sales Surge As Prices Fall For First Time in Over a Decade

Housing Market, Interest Rates, Residential / By W. J. Mencarow

Published by Breitbart News | March 21, 2023 Sales of previously owned homes in the U.S. rose in February as house prices dipped and mortgage rates continued to tick down. Existing home sales jumped 14.5 percent to a seasonally adjusted annual rate of 4.58 million, the National Association of Realtors said Tuesday. This was the …

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First-Time Homebuyers Battling Rapid Decline in Affordability

Economy, Housing Market, Residential / By W. J. Mencarow

Atlanta Federal Reserve reports U.S. households have to spend nearly 43% of their monthly income to afford the median home price

The 10 U.S. Cities With the Biggest Increases in Homes for Sale

Housing Market, Residential / By W. J. Mencarow

Published by REALTOR.COM | February 28, 2023 The nation is still suffering from a severe housing shortage. But compared with one year ago, there are about 250,000 more homes for sale. Where are all the homes, anyway? Ever since the COVID-19 pandemic ignited a nationwide housing boom, wannabe buyers have been plagued by bone-dry home …

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