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Carrington Mortgage Services, LLC Learning Center

Reflecting on 2023, Looking Forward to 2024: Mortgage & Housing Market Review

With a combination of inflation, rising home prices, higher mortgage rates compared to recent years, and a short supply of housing, 2023 was tough on the housing market. In addition to rising costs, wages didn’t increase nearly as fast as homebuying costs, with the average American spending 41.4 percent of their annual income on an average-priced home according to Redfin.

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Carrington Charitable Foundation’s 11th Golf Classic raises more than $1.9 million for wounded Veterans

Distinguished Veteran guests took center stage as the Carrington Charitable Foundation (CCF) held its 11th CCF Golf Classic benefitting CCF’s Signature Programs that support post 9/11 combat wounded American Veterans on October 9, 2023, at The Resort at Pelican Hill in Newport Coast, Calif. The event raised more than $1.9 million for its initiatives that enable Mobility, Stability, Purpose and Prosperity for U.S. servicemen and women returning from post-9/11 battlefields. CCF is the nonprofit organization of The Carrington Companies. More than 250 golfers participated and the event culminated in a dinner and auction attended by more than 450 people.

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Seven Ways to Make Your Home Less Spooky this Season

Fall and winter are just around the corner, and that means it's time to start thinking about getting your home ready for the colder months. With Halloween approaching you might think ghosts and witches are the spookiest visitors around, but higher energy bills and home maintenance issues in the fall and winter can be plenty spooky too! Don't worry, we've got you covered with seven tips to keep your home cozy and comfortable this season.

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Minimizing the Impact of Property Tax Increases

Property taxes play a significant role in your escrow account balance, and in turn, impact your monthly mortgage payments. Along with increases in home insurance rates, homeowners face property tax increases that can impact their escrow accounts and finances. As local tax rates and property assessments fluctuate, your property tax liability can increase over time. However, there are strategies you can employ to minimize these increases and preserve your financial stability. By taking advantage of available exemptions, budgeting and planning, homeowners can look to maximize their savings and create a more affordable homeownership experience.

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