Keller Williams Home Town

08/19/2023

The Cost of Buying a House in 2023
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The current housing market is challenging for prospective and first-time homebuyers due to high home prices, mortgage rates, and low housing supply. The median price of a home in the US is $410,200, requiring a minimum of $12,306 for a 3% down payment, plus other associated costs. It is important fo...

08/07/2023

Affordable Cities Rent-to-Income Ratio

Teri L Hoops is a real estate agent with Keller Williams Home Town Rlty. Check out Teri L Hoops's listings or office listings.

08/06/2023

What Are FHA-Approved Condos?
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FHA-approved condos are residential properties that meet the requirements of the U.S. Department of Housing and Urban Development and can be purchased using an FHA loan. These properties require lower down payments and have looser credit requirements than conventional loans but require additional st...

07/29/2023

A new Ohio tax credit program incentivizes affordable housing. Advocates are still wary
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The state of Ohio recently signed into law a Low-Income Housing Tax Credit program with a $100 million yearly cap for four years, estimated to build 3,500 affordable apartments. This program is smaller than what advocates had lobbied for, but fills the gap left by the state historic tax credits. Oth...

07/20/2023

The General Trend Expected for the US Housing Market

Teri L Hoops is a real estate agent with Keller Williams Home Town Rlty. Check out Teri L Hoops's listings or office listings.

07/11/2023

Essential Tips And Strategies For A Successful Home Purchase
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This article provides essential tips and strategies for first-time homebuyers. It outlines the importance of budgeting and financial preparedness, and provides advice on setting realistic goals for homeownership. It also explains the need to research local real estate trends and consult with profess...

07/03/2023

New Home Starts in U.S. Spikes 22 Percent Annually in May
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According to new data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts in May 2023 increased 21.7%, reaching a seasonally adjusted annual rate of 1.63 million units. Single-family starts increased 18.5% to a 997,000 seasonally adjusted annu...

06/24/2023

Mortgage Rates Continue to Rise in the U.S.
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Freddie Mac's Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage rate has increased to 6.79% and the 15-year fixed-rate mortgage rate has increased to 6.18% as of June 1, 2023. This is due to the current buoyant economy and the likelihood of a Federal Reserve rate hike. Sign u...

06/15/2023

Homebuyers Jump on the Chance to Lock in a Good Deal

Teri L Hoops is a real estate agent with Keller Williams Home Town Rlty. Check out Teri L Hoops's listings or office listings.

06/06/2023

Single-Family housing starts show gradual improvement
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In April, US housing starts rose to 1.40 million units, with single-family production reaching 846,000 units, the highest rate thus far in 2023. Despite issues such as high construction costs, labor shortages and tightening credit conditions for construction loans, builders remain optimistic as mort...

05/29/2023

2023 Predictions: Buyers Remain Hopeful

05/28/2023

Buyers seeking smaller and more affordable homes, property professionals report
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The Royal Institution of Chartered Surveyors (Rics) April market survey of the UK property market found that demand from buyers and house sales have decreased, resulting in an increase in the average number of properties held on estate agents’ books. Prices have been falling, with a net balance of...