![]() ![]() Homeowners that escrow for property taxes should expect to see a bill from their mortgage lenders at the end of 2018 for an escrow shortage. All of these factors are affect affordable housing in Delaware and make it less affordable. Mortgage interest rates are increasing and the price of homes are increasing across the board as Delaware deals with the lowest inventory of homes for sale since it has been tracked. The yearly average increase would be about $107.40 and this comes after the big school districts increasing their property taxes last year and on the heels of the State of Delaware raising their transfer tax to 4% which is the highest in the nation. The increase in property taxes and sewer fees will make cost of owning a home and buying a home more as the increase will increase closing costs and yearly out of pocket money to own a home. What will the effect be for homeowners and home buyers moving forward? The last point could be contended in that to get the same level of education as the Pennsylvania counties, you would have to pay for private school in Delaware so the money would be offset if not higher for the private school education versus the public school education on Pennsylvania. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |