Tag: real estate news
Texas Real Estate Bubble Tops $1B in First Quarter of 2018
HARDBALL, Texas — Real estate market conditions in Texas are now so strong that the first quarter of 2018 will likely see the hottest prices in a decade, according to an article in the Houston Chronicle.The article said that the average price of a home in Houston is expected to climb to $1,100,000 by the…
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How to pay for a mortgage in just six weeks
Credit cards and home equity lines of credit are the best way to get a mortgage on your home.And that’s just about the only thing you need to know before you can start paying it off.Here’s everything you need in just four weeks.1.How much does it cost?How much is a home mortgage?If you live in…
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A new report on the L.A. real estate industry shows a troubling trend in which local and regional leaders are being bought and sold to finance more homes for investors, and the developers who own them, at lower prices.The LA Times, which is owned by the Times Co., reports that over the past five years, property developers have been buying up land at below-market prices. This trend is particularly prevalent in Southern California, where the market is already experiencing the worst housing shortage in at least a decade.The Times
notes that the trend has been exacerbated by the state’s “affordable housing” tax.The tax, which the state introduced in 2014, taxes developers who sell affordable housing on the basis of gross market value, meaning the higher the property’s gross market price, the less the tax is levied on it.The idea is that if a developer…
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Real Estate Crowdfunding: Idaho floridians to get $10,000 for real estate crowdfunding
Idaho is looking to kick off the real estate fundraising season with a $10K donation to a local crowdfunding platform.On Friday, the Idaho Real Estate Board (IDEOB) announced a partnership with the Idaho State House of Representatives to provide $10 million for local projects, which will be distributed among the Idaho communities that have been…
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