Category: Uncategorized
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Officials Say 10,000 Publicly-Funded Housing Units Under Development In Iowa
Iowa has allocated 770 million dollars in grants and tax credits for housing developments, expected to create around 10,000 homes and apartment units. This includes 632 million dollars in federal tax credits over ten years, with 80 million in state tax credits for new construction in areas with housing shortages. Additionally, 16 million dollars is…
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Fed’s Rate Path: Forecast to End 2025
OECD predicts a peak in short-term interest rates at 4.4% in Q1 2025, then a gradual decline. Interest rates are forecasted to decrease to 4.2% in Q2, 4.0% in Q3, and 3.7% in Q4 2025.
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5 Tips to Consider for Homebuyers During Election Time
Election years can shift buyer and seller behavior, causing lower inventory and potentially higher prices. After elections, market stabilization might lead to more listings and increased negotiating power for buyers.
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Mixed Price Predictions: Zillow vs. Moody’s Clash
Recent forecasts offer contrasting views on future home price trends. Zillow predicts a -1.2% decrease in home prices from May 2024 to May 2025, signaling potential market shifts.
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Where to Buy for Maximum Appreciation This Year
Oxford, MS: Homes appreciate at 14.87%, the highest in the U.S., with an average value of ~$345K. Dodge City, KS: Home prices increased by 14.68%, with an average price of just over $205K.
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Going to an open house? Now you might have to fill out a form, per new homebuying rules
Changes in home buying and selling practices are underway following a settlement by the National Association of Realtors regarding commissions. Starting August 17, open house visitors will be required to fill out a form indicating whether they have representation. Buyers must now negotiate their own contracts with agents, determining their commission, which they must sign…
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Iowa H2 2024: Best Time to Buy a Home
In Iowa, 20.4% of homes are selling below their listing price, indicating potential for negotiation. Autumn months see sellers more willing to negotiate, with prices avg ~$218K in November.
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NAHB Index Dips: Homebuilders Cut Prices by 6%
NAHB Housing Market Index decreased from 43 in Late-Q2 to 42 in Early-Q3. Present sales conditions declined from 48 to 47, while expected sales rose from 47 to 48.
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Why Buy a House Now Before Year-End Rate Cut?
Fannie Mae and NAR expect the 30-year mortgage rate to lower to 6.7% by year-end. The Mortgage Bankers Association forecasts a slightly lower rate of 6.6%.
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Happy Labor Day
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals…