By Kristine Gill | Better Homes & Gardens
In your search for a home, you might have considered whether you want to live in a community with a homeowners association (HOA). Making that decision comes down to fully understanding what an HOA is, what it does, and what kinds of rules an HOA can make and enforce.
“HOAs serve an excellent purpose in helping all homeowners have a fair understanding of what they need to do to protect property values for the good of all members,” says Murray Davis, a realtor with Better Homes and Gardens Real Estate Kansas City Homes. “They will vary to some extent by HOA or subdivision, but...
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From our friends at the kcm blog
As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.
Home Prices Are Expected To Climb Moderately
Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sources in the industry:
The reason for continued appreciation? The supply of homes for sale. Jessica Lautz, Deputy Chief Economist at the National Association of Realtors (NAR), explains:
“One thing that seems to be pretty solid is that home prices are going to continue to go up, and the reason is that we don’t have housing inventory.”
While inventory is...
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Curious about homeowners association fees? Here’s how HOA fees are collected and used.
By Kristine Gill | Better Homes
There are two major components to a homeowners association (HOA). The first is that the organization oversees a set of rules particular to the residential community. The second component is the associated fee required for living in the community and how the HOA fees benefit the homeowners.
“An HOA fee is typically structured per community to enforce rules and regulations so it can set the covenants, conditions, and restrictions,” says Donna Soda, Realtor and global real estate advisor. “The idea is to maintain the community in a beautiful manner.”
DEFINITION:
What is a homeowners association?
A homeowners...
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