Real Estate News

Use of cameras in homes that are for sale - Questions:  How many sellers actually use cameras to watch visitors when their homes are for sale?  Is it legal in your state to record video and audio? Will agents warn buyers to not say anything or choose not to reveal truths about the property while inside your home?

Rising property taxes are disproportionate on areas of gentrification - Yes, as homes In poor communities get flipped into more expensive homes, other similar homes get inflated property values and in turn higher taxes which may create a “back-door” way of pushing more out of homes…but why the concern now?  In areas that, are predominantly wealthy, higher and higher property taxes weren’t a concern before…were they?

Although Dwindling, Serious Delinquencies Still a Concern - 1.45 million of the 2.2 million delinquent mortgages (30 or more days delinquent) are seriously delinquent (however that is defined). But the majority of them (actual % isn’t disclosed in the article) are under forbearance plans.  (Note: In a forbearance plan/program, the loan owner ("lender") agrees to reduce or suspend your payments for a set amount of time.  It’s not a repayment plan, but could become one where lender raises monthly payment to compensate for missed payments and allow resident to remain in property.

Wall Street is buying up family homes. The rent checks are too juicy to ignore

Housing market 'no longer heating up,' new Redfin report shows - Signs of slowing down from Redfin. Nashville housing boom not expected to cool off this winter - Signs of continued heating Here & North Texas condo market.                      Colorado home prices are rising, but so is available inventory - Pace is slowing down a bit. Miami Herald says - Where's the ceiling? Miami-Dade home prices climbed last month 

U.S. new home sales creep up; supply, prices remain constraints

A Startup Is Turning Houses Into Corporations, And The Neighbors Are Fighting Back - Time share for the wealthy? - Pacaso uses a "fractional home ownership" model. They buy a house, lightly refurbish it, furnish it and then create an LLC for it. They then divvy up ownership...If you buy a share in a house, you can stay 44 nights/yr in increments that can't exceed 14 consecutive days per visit. You can also "gift" these stays to friends or family...