Industry News
What Is a Tax Sale Property and How Do Tax Sales Work?
Normally when you buy a house, you don’t want a home with any outstanding liens against it (that’s also why you pay for a title company). But what happens to those houses with outstanding taxes? You can buy those, too. Or you can just buy the lien and profit from...
Mortgage Rates Fall Below 3% Again—but Rising Prices Mean That Home Buyers Shouldn’t Expect Savings
Home buyers are seeing a break from rising mortgage rates as the bond market finds its equilibrium, but that doesn’t mean most Americans will save money when they purchase property. The 30-year fixed-rate mortgage averaged 2.98% for the week ending Nov. 10, down 11...
Natural Disasters Are Now Affecting Where Homebuyers Choose To Live
Homebuyers have become increasingly worried about natural disasters. After witnessing the deadly carnage wrought by wildfires, storms, and the problems related to extreme heat and cold, natural disasters have become top of mind for homebuyers. More than 3 in 4 recent...
‘The Fever Has Broken’: Is the Housing Market Frenzy Really Going To Cool Off This Fall?
Over the next few weeks and months, the long-overheated U.S. housing market is expected to continue to cool off in the bracing chill of autumn. After a wild year of unprecedented price increases, a worsening shortage of homes for sale, and cutthroat bidding...
Homeowners To See Higher Property Taxes, Thanks to the Pandemic—Here’s What They Can Do
This year’s housing boom has presented a financial windfall to sellers and an agonizing ordeal to buyers. However, even homeowners who stayed put may be affected—by being hit with higher property taxes. Average property taxes paid rose 4% in 2020, according to data...
White House to Unveil Steps Aimed at Easing Housing Supply Shortage
WASHINGTON—The Biden administration is poised to unveil a series of steps aimed at addressing the U.S. shortage of entry-level homes and rental properties, according to people familiar with the matter, moves designed to boost their financing and construction over the...
Wildfire Mitigation is Key to Protecting your Home
DENVER – On Thursday, the Storm Prediction Center issued the first extreme fire danger warning for Western Colorado and Eastern Utah in 15 years. Unfortunately, this serves as a reminder that we are now in the height of wildfire season in Colorado and the West. People...
Is Inflation Peaked? Jury is Still Out For Now.
Signs of rising inflation around the world are keeping investors on edge. But in some corners of markets, pressure is easing, raising hopes that Peak Fear may have passed and central banks will be confident enough to sit tight. What's happening: The price of lumber,...
Got Half-Done Home Improvement Projects? Here’s Why and How To Finally Finish the Job.
With everyone spending more time at home, many people are embarking on home improvement projects that, alas, never seem to get finished. Like that half-painted laundry room or the closet organization system that's still sitting in its box. We all have them. So why is...
7 Mistakes People Make Handling Deceased Family Members’ Estates
Dealing with a family member's death can be a double cruelty. There is the emotional loss. Then, that's often followed by the monumental task of dealing with the deceased's estate—you might have to figure out how to sell their home and we at JONES HOMES have dealt...