Realities of Real Estate: How accurate are state property assessments?
Every three years, the state will reassess the value of your property. And because real estate taxes are calculated by using a combination of the tax “rate” and assessed property values, how your assessment changes can have a substantial impact on what you’ll owe in real estate taxes.
Realities of Real Estate: Getting your house ready for sale
Every year about this time, people start asking us, “What should I do to get my house ready for sale.”
Realities of Real Estate: How the economy affects real estate
Real estate is such a large part of the nation’s Gross Domestic Product (GDP) that some believe significant changes in the housing market can affect the trajectory of our economy as a whole.
Realities of Real Estate: What’s hot in home design
One of the most interesting aspects of our job is the ability to see a wide variety of homes, as well as the style with which people decorate them. Over the many years that we’ve been real estate agents, and certainly since our youth, the basic layout for a house has evolved to meet changing consumer needs and wants.
Real Estate Insider: First State Center phase good to go, maybe
Baltimore’s spending board approved a tax break on Wednesday for the first phase of the proposed $1.5 billion State Center project, which if completed as planned would involve building 2.1 million square feet of office space, 1,500 residential units and 265,000 square feet of retail space.
Average rate on 30-year mortgage falls to 3.66 pct.
Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, dipped below 3 percent for the first time since then.
Realities of Real Estate: Important real estate trends for 2015
As soon as the year-end numbers come in, we’ll recap the performance for real estate in 2014. But for now, let’s look forward to the trends and market dynamics that are expected to shape real estate during the year that is yet to be.
U.S. home price growth slows for 11th consecutive month
U.S. home prices rose in October at a slightly slower pace, as real estate sales have fallen and affordability has increasingly become a challenge for potential buyers.
Average U.S. 30-year mortgage edges up slightly
Average U.S. mortgage rates rose slightly this week but the benchmark 30-year low remained very close to the 19-month low hit last week.
U.S. new home sales fall 1.6 percent in November
Sales of new U.S. homes fell in November, evidence that recent job gains have yet to boost the housing sector.
Mortgage deal monitor: Ocwen review may be flawed
The monitor overseeing a national mortgage settlement says an internal review of its compliance conducted by Ocwen Financial Corp., one of the biggest U.S. servicers of home loans, may not have provided accurate accounting.
Average U.S. 30-year loan rate rises to 3.93 percent
WASHINGTON — Average U.S. long-term mortgage rates edged higher this week after four weeks of declines, but they remained at historically low levels that could entice potential homebuyers. Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage rose to 3.93 percent this week from 3.89 percent last week. It is now at […]