If you’re a homeowner, you know that there are many additional costs associated with your home other than the listing price. One of these costs, of course, being property taxes. Depending on where you reside, property taxes can be financially inconvenient and can even become a major burden. Wallethub reports that “the average American household spends $2,197 on property taxes for their homes each year, according to the U.S. Census Bureau.”
So where does your state rank when it comes to property tax rates? Check out the states with the lowest and highest property taxes!
Property taxes are computed by taking the current market value of your [...]
If you liked 2017 real estate markets, you will love 2018. Buyers will need time, patience and persistence to find the right home this year. Owners who have been waiting for the right moment to sell might make their move now. Prices are leveling off in markets where home prices have outdistanced.
The three-year shortage of homes for sale is continuing this year, driving prices even higher. In many markets, they have reached a tipping point where hard-working, dual-income families cannot afford to become homeowners. Steadily rising mortgage rates coupled with prices driven by shortages are making conditions more difficult for buyers.2018 Opened With a Whimper
With top economists like Freddie Mac’s Leonard Kiefer calling 2017 “the best housing market in a decade,” how can 2018 compete?
While 2017 exceeded expectations in the two most important categories, sales and prices, it has its weaknesses. Now that the results are in, here’s a quick review of 2017’s accomplishments and disappointments.2017: Great for sellers, not so great for buyers
Home sales increased by 1.1 percent in 2017 to a 5.51 million sales pace and surpassed 2016 (5.45 million) as the highest since 2006 (6.48 million). NAR’s chief economist Lawrence Yun noted that market conditions were far from perfect and sales would have [...]