Many older homeowners are missing out on this big tax break If you’re an older homeowner in need of more cash, many states offer a little-known way to slash your property tax bill. In about two dozen states, older homeowners can legally defer their property tax bills, Money magazine reports. These programs allow you to … Continue reading Don’t let these tax breaks pass you by
Homeowners are sitting on a record $6 trillion in equity. Why aren’t they using it? Rising interest rates are making lines of credit more expensive... and Americans may still be leery of cash-out refis American homeowners have amassed a record $6 trillion in equity in their properties, a figure boosted by surging home prices and … Continue reading Are you sitting on Home Equity?
US homeowners gained $1 trillion in the last year as their housing values jumped The average borrower gained $16,300 in home equity from 2017 to 2018, according to CoreLogic. Home equity jumped 13.3 percent from to a year earlier. Despite the big value gains in the past few years, 2.5 million borrowers, 4.7 percent of … Continue reading Homeowners: How much have you gained?
Renters Still Crave Homeownership Homeownership is still the American dream, according to 84% of Americans. While the number of potential first-time homebuyers consistently hovers above 30%, it’s safe to say that the business of real estate tends to run in cycles. At any given moment inventory can fluctuate, interest rates can tick up or down, … Continue reading Renters Still Crave Homeownership
Homeowners and Appraisers More Aligned Than Ever Homeowners and appraisers perspectives of home values are almost in sync, according to Quicken Loans' National Home Price Perception Index (HPPI) released Tuesday. However homeowners, on average, have a higher opinion of their home values than appraisers do. Although the HPPI reports the average appraised values are merely … Continue reading Homeowners and Appraisers More Aligned Than Ever
~ some good info for you in case you need it ~ Clearing up smoke alarm laws for residential properties Where there’s smoke, there’s fire — and, if you’re compliant with the law, a smoke detector, too! Read on to ensure you and your clients comply with new and existing rules controlling smoke alarms in … Continue reading Clearing up smoke alarm laws for residential properties
~ are you experiencing this? ~ Here's why some homeowners still can't sell Getty Images A realtor showing a house in Park Ridge, Illinois. Home prices and housing demand are both soaring, and real estate agents are desperate to find more homes to list. Sounds like a dream for any homeowner who wants to sell. … Continue reading Here’s why some homeowners still can’t sell
First-time homebuyers in the Bay Area need to pay between 69% and 110% of their total household income to support a 30-year fixed rate mortgage (FRM) for a starter home, according to a new report by Trulia. Conventional wisdom concerning a balanced economy holds this allocation for shelter ought to be closer to 30% for … Continue reading California starter home crisis tops national charts
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Merely discussing an insurance claim, without filing one, can raise homeowner's rates; so can previous owner's claims From MainSt 1/15/15 Most homeowners are unaware and surprised to learn that claims made by a previous owner can raise their insurance costs.Only 17% of Americans are aware that insurance companies can and actually do penalize homeowners for … Continue reading Homeowner’s Insurance