Not exact matches
Real estate groups have come out
against the changes, claiming the new rules will hurt
homeowners and homeownership levels.
After the
real estate bubble popped and the economy fell into recession, many
homeowners decided
against leaving their homes and «trading up» or investing in new property, and instead focused on improving what they already had.
Homeowners may claim interest charges
against the amount borrowed for their mortgage — but not their entire mortgage payment — and any
real estate taxes included in mortgage bills.
Another argument
against is that
homeowners are already overweight in
real estate based on their home equity, and that the volatility of REITs is higher than the rest of the stock market.
Real estate sales professionals are constantly up
against big competition with DIY
homeowners trying to sell their homes themselves.
Just as RE-Insider predicted when the HUD settlement came out earlier this month, angry
homeowners have filed a federal consumer fraud class action lawsuit
against Fidelity National Title Insurance and other major title insurers alleging the companies kicked back fees to
real estate agents for
real estate settlement services.
The ease at which lenders have offered to finance all or most of the purchase price, second mortgages that place a lien
against the
homeowner's equity, a depreciating
real estate market, and long term financing with minimal principle reduction have all contributed to this phenomena.
SACRAMENTO, California (Reuters)- California's recovering
real estate market means higher property taxes for
homeowners whose bills were reduced during the economic downturn, despite tough protections
against tax hikes imposed by voters decades ago, a new report says.