Keller Williams Home Town

The Cost of Buying a House in 2023
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The Cost of Buying a House in 2023 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...

Affordable Cities Rent-to-Income Ratio

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

What Are FHA-Approved Condos?
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What Are FHA-Approved Condos? 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...

A new Ohio tax credit program incentivizes affordable housing. Advocates are still wary
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A new Ohio tax credit program incentivizes affordable housing. Advocates are still wary 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...

The General Trend Expected for the US Housing Market

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

Essential Tips And Strategies For A Successful Home Purchase
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Essential Tips And Strategies For A Successful Home Purchase 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...

New Home Starts in U.S. Spikes 22 Percent Annually in May
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New Home Starts in U.S. Spikes 22 Percent Annually in May 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...

Mortgage Rates Continue to Rise in the U.S.
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Mortgage Rates Continue to Rise in the U.S. 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...

Homebuyers Jump on the Chance to Lock in a Good Deal

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

Single-Family housing starts show gradual improvement
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Single-Family housing starts show gradual improvement 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...

2023 Predictions: Buyers Remain Hopeful

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Buyers seeking smaller and more affordable homes, property professionals report
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Buyers seeking smaller and more affordable homes, property professionals report 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...

Mortgage Rate Forecast For 2023
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Mortgage Rates Forecast For 2022 Mortgage rates have doubled since the start of the year, even after registering the biggest quarterly climb in 28 years during the first quarter. Rising mortgage rates have continued to slow housing market demand, resulting in slowing sales and slower home price appreciation.

4 ways to close the homeownership gap
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4 ways to close the homeownership gap The homeownership rate for white households in the U.S. is substantially higher than that for Black households. This gap reflects decades of unfair policies and has profound implications for the country's economy. To address this issue, the MIT Golub Center for Finance and Policy and the MIT Departm...

Buying a Home? Cross These 3 Financial Items Off Your Checklist First



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Buying a Home? Cross These 3 Financial Items Off Your Checklist First Buying a home can be exciting, but it is important to understand the financial side of the process before moving forward. Homeownership is expensive, and homeowners pay an average of $717 more per month than renters. It is recommended that housing costs, including mortgage payments, insurance, taxes...

It May Be Time To Buy A Home, Now

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

US Counties With the Most Annual Gross Rental Yields for 2023

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

A Guide for Buying A Home With Low Credit

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

Ohio Housing Market Forecast: Will It Crash?

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

Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

Home Evaluation Estimate | roomvu How much is your home worth? Type your property address and get a quick home estimate.

Selling An Inherited House

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

Mortgage demand from homebuyers drops to a 28-year low
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Mortgage demand from homebuyers drops to a 28-year low The average contract interest rate for a 30-year fixed-rate mortgage with conforming loan balances increased to 6.71% from 6.62%. 22News spoke with a local realtor who told 22News, people looking for a home, need to know their “buying power.” “The buyer should be checking in with their lender ...

Ohio markets among the best metros for first-time buyers in 2023

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

A correction is coming, but the market can handle it

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

Ask Me Anything!
Have questions about real estate but not sure where to start?

Ask Me Anything | roomvu Have questions about real estate but not sure where to start?

Guide to buying homes of the 2000s/90s

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

Data shows the rent is (still) too damn high
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Data shows the rent is (still) too damn high The average American household is now considered "rent-burdened," with a record-high share of renters spending more than 30% of income on rent each month, according to Moody's Analytics. Why it matters: This is a painful surge for many, coming at a time when inflation (while on the decline) has driv...

7 Bathroom Renovation Projects That'll Help—or Hurt—Your Home's Value
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7 Bathroom Renovation Projects That'll Help—or Hurt—Your Home's Value But before sinking thousands of dollars into any home project, you might want to consider whether that $10,000 will deliver a return on investment, or ROI, when it’s time to sell your home. ROI, simply put, can be calculated by adding up all of the costs associated with a home project, from materi...