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Economists are split on housing’s prospects for 2022

A survey by Zillow has found that economists and housing experts are split on what’s in store for the residential real estate market in 2022, with around half predicting that home sales will rise, and the others believing sales will decline. The confusion is due to worsening housing affordability and uncertainty over whether or not […]

Former WeWork CEO Adam Neumann to create ‘recognizable apartment brand’

WeWork co-founder Adam Neumann wants to take advantage of the sky-high demand for rentals and rising rent costs to create a new firm that will shake up the apartment industry. Neumann, who left the co-working space giant WeWork in September 2019, has reportedly purchased more than 4,000 apartments worth over $1 billion in Florida cities […]

Study shows homeownership still more affordable than renting in most parts of the U.S.

Rising home prices and the issues that causes for housing affordability have attracted plenty of headlines over the past year. But homeownership is still more affordable than renting in most markets, according to the latest study by ATTOM Data Solutions. The study found that owning a media-priced, three-bedroom home is more affordable than renting an […]

Moving companies can’t keep up with demand

Moving companies are struggling to keep up, with 71% of firms reporting delays in 2021 due to what they say is high demand and a shortage of labor. That’s according to a survey of 63 moving companies by moveBuddha, a resource on moving home. The takeaway is that buyers who’re planning to move will need […]

Homeowners face higher utility bills due to COVID-19 and climate change

Electricity bills have gone up with people spending more time at home due to the COVID-19 pandemic. However, it’s not just higher usage that’s driving up people’s energy costs. In many cases, people are paying more for their electricity due to a series of extreme weather events, according to a new study by Sense, a […]

Housing affordability shrinks for average wage earners

Analysis of the housing market shows that housing affordability shrank again in 2021, though the average wage earner in most U.S. counties can still afford to buy. The National Association of Realtors’ December Housing Affordability Index shows that surging demand for a very limited inventory of homes is fueling higher home prices, resulting in a […]

Experts say property tax appeals less likely to succeed in 2022

When property taxes rise by a significant amount, homeowners have recourse to appeal, and many do. But as we enter 2022, experts say those appeals are unlikely to be as successful as they have been in the past. As Motley Fool publication The Ascent explained, in order to be successful in a property tax appeal, […]

Home insurance premiums rising faster than inflation

If your home insurance policy is up for renewal, prepare to be shocked. That’s because rates are rising rapidly in many parts of the country due to what insurers say is increased risk from climate change. While homeowners’ insurance premiums are up by 4% on average, they have in fact increased by 11.4% since 2017, […]

Housing providers urged to be cautious when applying criminal background checks

With multiple housing providers facing lawsuits over their alleged misuse of criminal histories in housing decisions, the National Association of Realtors has come up with a few best practices for agents who insist on using them. The tips, presented in a recent “Window to the Law” video, aim to prevent agents and housing providers from […]

DOJ & CFPB warn against illegal evictions of military vets

The Justice Department and the Consumer Financial Protection Bureau have teamed up to warn mortgage servicers and housing providers that they’re unable to lawfully evict military and veteran families without a court order. The warnings come at a time when many are leaving pandemic-related forbearance plans or moratoriums. Service members and veterans both enjoy extra […]

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