The internet has revolutionized real estate, creating both challenges and opportunities for professionals in the industry. Many have thought that new technology would spell the demise of the real estate profession as we know it, but in fact the reverse ...Read More »
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After a mortgage payment, property tax payments can, in some cases, be the second biggest revolving expense for homeowners. The average national property tax payment in the U.S. was $2,823 in 2012, according to Zillow. Mecklenburg County’s average property tax ...Read More »
Zillow, the online real estate giant, and a newly recruited top executive are being sued by the National Association of Realtors and its subsidiary, Move Inc., for “breach of contract, breach of fiduciary duty and misappropriation of trade secrets.” Move ...Read More »
Rising home prices are helping struggling homeowners regain equity lost during the housing bust. Zillow just released a report showing that 21.6 percent of Charlotte homeowners with outstanding loans owed more on their mortgage than their home is worth. That ...Read More »
More than $25 trillion. That’s the combined value of every single home in the United States according to Zillow. Home values by year’s end was about $25.7 trillion, up $1.9 billion from the same time last year. Zillow measured the ...Read More »
DEAR BENNY: We have our house deed titled in our two trusts. We have our will designating our two children as beneficiaries. Could there be any problem because the deed is in our trusts? – Sumitra DEAR SUMITRA: Yes, there ...
Tagged with: accurate home estimates appraising property deed home assessments IRS last will and testament property distribution after death tax basis of capital investment title Trulia trust document Trusts ZillowRead More »
The income required to purchase a median-priced home in today’s market depends largely on location and varies quite a bit across the country. In Cleveland, you could earn $22,000 a year and still afford a house, but in San Francisco, ...
Tagged with: Clear Capital Freddie Mac HSH Associates income required to buy median-priced home Jim Woodard Market Composite Index Martgage Bankers Association Morningstar Corporate Credit Ratings National Association of Realtors Primary Mortgage Market Survey Refinance Index Weekly Mortgage Applications Survey ZillowRead More »
While the Charlotte real estate market remains affordable relative to many other U.S. markets, there is growing evidence that many middle class, professional families cannot afford to buy a home.
Tagged with: affordable housing Nation Association of Realtors Charlotte-Mecklenburg Housing Partnership Cottingham Chalk Hayes Dustin Read Julie Porter Keith Thompson Lawrence Yun Mayor Patsy Kinsey Minnie HIgh National Association of Home Builders NeighborhoodWorks America Peggy Peterson Prudential Carolinas Realty Re/Max Metro Realty Svenja Gudell UNC Charlotte Wells Fargo ZillowRead More »
Rising sales prices and interest rates for mortgages made the purchase of a single-family home more expensive in August 2013, according to new research from the National Association of Realtors.Read More »