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Both property owners looking to sell and lenders need to be aware of how code violations affect them.

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As interest rates continue to rise and consumers watch an increasingly volatile market, it appears that a larger number of borrowers may choose to sit on the sidelines in the coming year. The Mortgage Bankers Association has released its Mortgage Finance Forecast for October 2018, predicting a dip in mortgage originations in 2019.

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The U.S. midterm elections ended with the Republican Party maintaining control of the U.S. Senate, but the Democratic Party gaining control of the House. As a result, a Congress once controlled by one party is now divided.

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Home Prices Continue to Increase Nationally and Across Regions

Home prices continue to climb across the country, according to the National Association of Realtors data for September, which was released recently. The median existing-home price nationally was $258,100 in September, a rise of 4.2% from September 2017’s median of $247,600.

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Since 2008, total student loan debt outstanding in the United States has grown 130 percent, to equal $1.5 trillion as of the second quarter of this year. Currently, student loan debt is responsible for 42 percent of all outstanding consumer debt.

The amount of student loan debt outstanding has risen 130 percent since 2008.

Student Loan Debt Impacting Home Ownership for an Increasing Number of People

These figures have been in the headlines for some time. A new survey, though, shows how much of an impact student loan amounts and debt service is having on homeownership. Simply put, student loan debt is impeding the move toward homeownership for a number of people across the country.

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There is a common misconception about the value of manufactured homes, which could prevent either buyers or investors from entering this market. The long-held belief is that prefabricated homes either don't appreciate in value or, worse, lose value over time. A new study reveals that these affordable alternatives appreciate in value at levels similar to site-built homes.

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In the last week of August, housing inventory rose for the first time in four years according to realtor.com data. The rise was small, with just two percent fewer listings for sale that in the same period last year. Realtor.com noted that the climb also stemmed from roughly 488,000 new listings entering the market in the month.

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Now that nine months have passed since the Tax Cuts and Jobs Act of 2017 became a reality, a new study reveals that the legislation is having an impact on home value growth in some markets. Real estate site Zillow has analyzed home value growth across the nation, particularly as it relates to recent changes in the tax law. The results show that the effect so far is slight and limited to certain geographic areas.

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If there’s one word that describes the current housing market nationwide, it’s “strong.” Demand is very high. A strong economy, with low unemployment and strong gross domestic product (GDP) has put money in consumers' pockets.

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The U.S. has seen notable natural disasters over the past year. Last fall, major hurricanes hit Florida, Texas, and Puerto Rico, causing wind damage and major flooding. Wildfires raged in California last winter, and new wildfires rage in the state now. Hawaii witnessed major volcanic eruptions recently. States like Massachusetts and West Virginia experienced weather-related disasters, ranging from winter storm damage to mudslides.

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