The state with the second-highest property tax rates in the U.S. is looking to raise them even higher, spiking concern amongst homeowners. Illinois Property Tax Illinois is passing legislation that could lead to an increase in property tax for some, much to the chagrin of homeowners statewide. The House Makes Moves On Thursday, the House … Read more
The housing market in America is in deep trouble, according to senior economists. Let’s take a look at what they’ve been saying. The Housing Market Crisis New data from real estate website Redfin has revealed something that a lot of people may have already realized – the housing market is tough. Rising Income Requirements According … Read more
The American housing sector is undergoing some intriguing developments. Sure, there are challenges, but there are also plenty of exciting opportunities on the horizon. We’re delving into the current market dynamics, regional variations, fluctuations in mortgage rates, and what lies ahead. Soaring Property Values Across the Nation Recent statistics reveal a remarkable surge in U.S. … Read more
In the ever-evolving world of real estate, shifts in economic conditions, interest rates, and local developments can significantly impact the market. Yet, there are certain states that consistently exhibit the characteristics of a seller’s paradise. These are places where low inventory and soaring demand create prime conditions for sellers to call the shots. #1. Texas … Read more
In the dynamic world of real estate, the landscape of the U.S. housing market is always in flux, shaped by a multitude of factors like economic conditions, population shifts, and evolving preferences of buyers and sellers. According to expert forecasts, there are 15 states where prospective buyers could potentially gain an edge in the market. … Read more
Concerns Mount as Experts, Like Joao Gomes, Warn of Impending Crisis Due to America’s $34 Trillion Debt. Projected Interest Rates May Surpass 7%, Urgent Action Needed, But Political Will Remains Questionable. Experts Sound Alarm Amid rising apprehension, influential figures, including JPMorgan Chase’s Jamie Dimon and Federal Reserve Chair Jerome Powell, reinforce the urgency of tackling … Read more
Many cities have seen a significant increase in home prices in the past year, up 20% or more. The rapid growth in the economy has made some experts question whether the boom will last or whether we will see another bubble (and then burst) like the one preceding the 2008 housing crisis. A bubble occurs when the … Read more
Despite historic highs in American mortgage rates, real estate investing remains strong. According to a new study examining all industries within the S&P 500 Index, real estate investment still sees excellent returns, with an overall ranking of sixth best. Recent data released by the Federal Home Loan Mortgage Corporation, or Freddie Mac, reveals that an … Read more
When everything in the world gets more expensive, cutting back expenses becomes less and less feasible for Americans. According to a new study, workers across the country are instead turning their minds to increasing their income. How they are looking to do it: by investing in real estate. And residents of Wisconsin are among the … Read more
New York and San Francisco are cities known for their abundant job markets and large metropolitan populations. Add to this list of designations the country’s two most challenging housing markets. In the current economic climate, additional financial pressure on housing pushes some working Americans out of the cities, regardless of their employment status. A recent … Read more
We all know the story. The pandemic hit the world, leading to lower mortgage rates and a greater desire for people to have their own space. As a result, we all rushed to buy properties, causing one of the tightest property markets of recent years. But fast forward to more than two years later, and … Read more
We all know the story. The pandemic hit the world, leading to lower mortgage rates and a greater desire for people to have their own space. As a result, we all rushed to buy properties, causing one of the tightest property markets of recent years. But fast forward to more than two years later, and … Read more
Perhaps it’s hope or greed, but no one likes to consider the possibility they’re buying just before a housing market crash. Compared to other asset types, over the last fifty years, its unsual to see bubble in the housing market which is immediately followed by a crash; The last obvious example was the Credit Crisis. … Read more
With the end of the year drawing into focus, homeowners will reflect on a year that has seen a return to inflation, a higher cost of living, and fears of a recession. They may be relieved to put the economic uncertainty behind them and look forward. However, are the macroeconomic difficulties faced by the US … Read more
One downside to building a portfolio of condos and houses is that when it comes to selling, the process isn’t exactly quick. Plus, there are significant costs involved so if you need money quickly, tieing it up in property probably isn’t the right option. This post by Jeff Anzalone explains how investing in real estate … Read more
If, like me, you’re building a real estate business, dealing with real estate agents come as part of the territory. Unfortunately, most of the ones I’ve dealt with have been pretty poor. This makes the good agents stand-out even more.This post, written by Ben Mizes explains the costs of using an agent. If you are … Read more
According to Consumer Affairs, 78 percent of Americans believe there will be a housing market crash by the end of the year, while 50 percent expect it to happen next year. While that bodes poorly for homeowners wanting to sell, many Americans, particularly Gen Z, see it as an open door to finally afford their … Read more
This article tackling reasons to fear the pain of housing market prices was originally published by Tim Thomas. We were given permission to republish it here. A housing bubble is when housing prices are unusually high, spurred by high demand and low supply, investor speculation, and irrational spending. Several reasons contribute to these bubbles, including … Read more
This helpful article on South Dakota first time home buyer program was originally published on Tim Thomas/Timothy Thomas Limited. We received permission to republish it here. What You Should Know About the South Dakota First-Time Home Buyer Programs According to the U.S. Census Bureau, the average national sales price was $546,800 in July 2022, with … Read more
Wondering what the future looks like for real estate housing market buyers? This post by Tim Thomas will give you more insight. We have been granted permission to republish it here There have been so many changes in the housing market in the past few years that experts cannot form a uniform opinion. There are … Read more
