Hello everyone. Earlier this month I had an offer accepted, but after the inspection it appeared to need 50k+ in work on an 85k house, as well as having radon poisoning. I decided to back out at that point, and even graciously offered to let them see the inspection reports that I paid $650 for.…
I’ll [30m] try to keep this as short as I can, but I’m trying to get all the information in. Thank you for reading if you do. I’ve been mulling over this for a long time and could use some advice. I was lucky enough to purchase a nice house in 2021 with a mortgage…
Based on ATTOM’s 2022 property tax analysis for 87 million U.S. single family homes, $339.8 billion in property taxes were levied on single-family homes in 2022, up 3.6 percent from $328 billion in 2021. The increase was more than double the 1.6 percent growth in 2021, although smaller than the 5.4 percent increase the prior…
According to the National Association of Home Builders, U.S. taxpayers are taking advantage of new home energy-efficiency related tax credits. A recent Internal Revenue Service data analysis by NAHB indicates that more than 800,000 taxpayers claimed a new home-related energy-efficiency tax incentive. “Builders have found that buyers are seeking out new homes with durable…
Based on Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.32 percent in late March 2023. “Economic uncertainty continues to bring mortgage rates down,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last several weeks, declining rates have brought borrowers back to the market but, as the spring homebuying…
According to a new report from CBRE, several metrics point to the U.S. life sciences industry and the real estate that houses it proving resilient during the current economic slowdown. Among those factors: a growing total of clinical trials for new drugs, persistent job growth, more federal funding, and ample cash reserves for the industry’s…
National property broker Redfin is reporting this week that many U.S. homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7 percent. Redfin’s Homebuyer Demand Index — a measure of requests for tours and other services from Redfin agents–fell 1% from a week ago, the first decline after a month of increases,…
According to CoreLogic’s monthly Loan Performance Insights Report for December 2022, 3% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.4 percentage point decrease compared with 3.4% recorded in December 2021 and less than a 0.1 percentage point increase…
Home Sales Are Bottoming Out, Says NAR According to the National Association of Realtors, existing U.S. home sales fell for the twelfth straight month in January 2023. Month-over-month sales were mixed among the four major U.S. regions, as the South and West registered increases, while the East and Midwest experienced declines. All regions recorded year-over-year…