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Tag Archives: Homeowners

Tapping Into Home Equity

A new report breaks down home equity by race and age, finding that Black homeowners 65 years and older are more likely to take out reverse mortgages than any other demo.

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Hurricane Harvey, After the Storm

Financial loss from Hurrican Harvey is high, especially to homeowners. As those hit hardest attempt to rebuild, they'll need assistance from everyone they can get.

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Study: Tax Reform Will Increase Homeownership Burden

A national study has suggested the current White House plan for tax reform will increase taxes for middle-class homeowners. Families with adjusted gross incomes between $50,000 to $200,000 could see an average annual increase of $815 on their federal income taxes. As federal tax deductions are one of the main incentives for homeownership, it is imperative for organizations in the industry to remain vigilant in working with Congress to draft tax reform that promotes owning a home.

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Moderate Earners Losing Home Selection

The twin realities of the current U.S. housing market‒‒rising home prices and shrinking inventories in nearly every metro‒‒are increasingly putting homes out of reach for middle-income workers within their cities. The typical American worker makes just over $37,000 annually, while the typical American house costs just under $255,000.

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Quicken Reports Widening Appraiser-Homeowner Disconnect

New data shows the disparity between appraised values and homeowner expectations has grown—and for the fourth straight month. A few markets are bucking the trend, many on the West Coast. Denver saw appraised values outpace homeowner estimates the most in March.

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Judge Rules with Plaintiff in Credit Suisse Suit

A federal court ruled recently that Credit Suisse misled homeowners over fees for reinstating mortgages. The Florida judge ruled that homeowners in the suit had provided adequate information that Credit Suisse’s mortgage unit violated the Fair Debt Collection Practices Act. Credit Suisse had sought a dismissal, saying the class had not made a thorough case that the bank had failed to properly disclose debts and fees.

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Seattle Reigns as Most Affordable Tech Hub

According to a recent analysis of West Coast software havens, Seattle is the clear-cut winner in terms of housing affordability, With more affordable condos and detached homes, it far outweighs nearby San Francisco—even with income and other costs of living considered. The median detached home price in Seattle is $610,000 compared to San Francisco’s $1.2 million.

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