Home Ownership Costs

Home Ownership Costs Closing Costs: Taxes and escrow payments, legal fees, recording fees and title insurance (between 3-4% of the purchase price), and of course the down payment. The mortgage: the average mortgage payment per month on a 30-year fixed mortgage in New...

The New Normal – High Real Estate Taxes

PA and SC Catching Up to NJ: Higher Taxes in Pennsylvania and South Carolina By: Anthony DiMaio Governments have big appetites, especially when it comes to real estate taxes, as we are finding out. I recently randomly reviewed the property taxes for a home located in...

New Single-Family Homes Get Smaller

The inventory shortage has had a dramatic impact upon the price of a home. And as we have seen, availability isn’t the only issue; price has become problematic, especially for first-time home buyers. That is one of the reasons why home builders are attempting to...

US Housing Market Climbing to $47 Trillion

The recent analysis from Redfin indicates that the US housing market inched its way higher to nearly hit $47 trillion in value. That is an increase of $400 billion from 2022. This steady climb is attributed to the historic shortage of availability of homes for sale on...