Tag: real estate
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The Rising Cost of Homeownership: Why Americans Now Need $108K Annually and How Passive Income Can Bridge the Gap
The dream of homeownership is becoming increasingly elusive for many Americans. Recent reports reveal that the annual income needed to afford a new single-family home—taking into account property taxes, insurance, and other related costs—has soared to an astonishing $108,000. This figure represents a significant jump from 2019, when the required income was only $56,800. Several…
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The Game-Changing Settlement in Real Estate: What It Means for Home Buyers and Sellers
The recent settlement of $418 million by the National Association of Realtors (NAR) is a significant milestone in the real estate industry. It has the potential to fundamentally change the traditional commission model.