‘A rain tax. Seriously, they want to tax the rain’: Critics blast proposed charge for Toronto homeowners
Critics are slamming a “rain tax” Toronto is proposing to impose on homeowners. Newsweek reported. What are the details? The magazine reported that city officials are proposing to impose a “stormwater fee” on homeowners based on the extent to which their home’s wastewater impacts the storm sewer system, which would force citizens to use their […]
Michigan Offers Homeowners $500 a Month to House ‘Newcomers’
Michigan is reportedly promoting a program that would give citizens $500 a month to accept immigrants. A program called New tenant subsidyis set to provide take shelter outside the state’s shelter for “refugees”; The assistance will be available to homeowners for up to one year, according to MLive.com. Michigan is currently offering “newcomers” (as they […]
Georgia homeowner’s rental property seized by squatters while he was caring for sick wife: ‘Very frustrating’
A Georgia man whose vacant rental property was seized by squatters while he was away caring for his sick wife said it would be especially difficult to evict squatters under the limitations of current law. “Basically, these guys came on a Friday, broke into my house, and had all my stuff brought in in a […]
St. Louis homeowners sue city for allegedly refusing to remove ‘scary, smelly’ homeless encampment in front of their house
Two Missouri residents who suffered for three years from pungent odors and lewd acts at a homeless camp outside their homes are suing the “woke” city. Plaintiffs Richard Baumhoff and Stephen McClanahan claim the city of St. Louis has refused to act despite multiple requests for relief from police and the city. Residents said police […]
1 in 5 homeowners thinking of selling in the near future: Zillow
As interest rates fall, more homeowners are considering selling. (iStock) Homebuyers have had a tough time in recent years. Number of listings hits record low. However, one in five homeowners are currently considering selling. Zillow Report said. About 21% of buyers are considering selling in the next three years, up from 15% last year, according […]
Existing housing supply builds as homeowners with sub 6% mortgage rates return
Lower mortgage rates are helping to build much-needed housing supply. (iStock) Mortgage rates are expected to fall faster than initially expected, which could help build much-needed housing supply. However, recent reports suggest that some homeowners have already sold. The percentage of mortgages with interest rates below 6% has fallen to 88.5% from a record high […]
CA Dems Push Bill Forcing Insurers to ID Homeowners Who Own Guns
A bill introduced Friday by California Rep. Mike Gipson (D) would require insurance companies to submit annual reports to lawmakers disclosing whether homeowners have guns in their homes. It is mandatory. This bill, AB 3067, To tell: “This bill would require insurance companies, by January 1, 2026, to include on their homeowner or renter insurance […]
Nearly 89% of U.S. homeowners with mortgages have an interest rate below 6%: Redfin
Mortgage interest rates below 6% are common among American homeowners. (iStock) The real estate market is cooling as mortgage interest rates are gradually falling towards 6%. Still, many homeowners still have low interest rates compared to last week’s drop to 6.66%. In fact, almost 89% of the borrower’s interest rate is less than his 6%. […]
2023 was the hottest year on record, driving up utility costs and homeowners insurance prices
Rising temperatures could lead to more natural disasters, leading to more insurance claims and higher interest rates. (iStock) Global temperatures are rising, and last year was the hottest year on record. Copernicus Climate Change Service. As temperatures rise, so does the cost of cooling your home. Last summer, natural gas consumption reached an all-time high. […]
Homeowners’ monthly mortgage payments dropped to lowest rate in years
Mortgage payments fell to an average of $2,361 by the end of 2023. (iStock) Good news for homebuyers and homeowners alike. Monthly mortgage payments have dropped to the lowest average interest rates in years. According to a recent Redfin report. The average mortgage payment is $2,361 as of December 31, 2023. This is a decrease […]