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What Buyers Need To Know About Homeowners Association Fees

Keeping Current Matters

But you may not be thinking about homeowners association (HOA) fees. When buying a home, youre probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs.

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California will require home insurers to offer policies in high-risk wildfire areas

Housing Wire

The California Department of Insurance unveiled a new regulation this week that aims to increase homeowners insurance coverage in areas prone to wildfires , a response to the recent pullback in policies by several major insurers. The number of policies under the FAIR Plan more than doubled from 2020 to 2024, according to the AP.

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Primary suites, kitchens, roofing lead remodel impact report

Housing Wire

As homeowners continue to invest in upgrading their living spaces, a new report from the National Association of Realtors (NAR) and the National Association of the Remodeling Industry (NARI) highlights home remodeling projects that offer the greatest personal satisfaction, and those most likely to recoup costs.

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Fannie Mae title pilot could save homeowners up to $1,692 per refi

Housing Wire

The authors also believe that the pilot could generate increased title insurance competition, which they believe would benefit solo female householders, Hispanic, Black, AAPI homeowners, homeowners aged 55 and older and non-urban homeowners. It is clear this program should continue and expand, a summary of the study states.

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Higher insurance premiums are a shoo-in after the LA wildfires

Housing Wire

On Wednesday, the Office of the Comptroller of the Currency (OCC) took protective measures by issuing a proclamation that allows national banks, federal savings associations, and federal branches and agencies of foreign banks to close their offices in areas of California affected by the fires.

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Home equity cushions homeowners against economic shocks

Housing Wire

Vast home equity cushion Keep this very simple: 82% of homeowners in America have at least 30% of equity in their homes. In contrast, data from the National Association of Realtors (NAR) shows that down payments have been steadily increasing for many years.

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Renovation projects remain popular, but homeowners often need help paying for them

Housing Wire

Ongoing supply and affordability challenges in the housing market have frustrated many homeowners who have looked to trade up or relocate for various reasons. Louis-based Clever Real Estate , 63% of homeowners would rather remodel their current home than move to one that has already been fixed up. trillion at the midpoint of the year.