Source: CNBC — If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the average U.S. home seller scored a profit of $94,092, up 71% from $55,000 two years ago,...
Source: Market Watch — The numbers: Existing-home sales increased by nearly 7% between December and January, hitting a seasonally-adjusted, annual rate of 6.5 million, the National Association of Realtors said Friday. Compared to a year ago, sales were down...
Source: Scotsman Guide — As a nearly $9 million settlement between federal regulators and Trustmark National Bank makes painfully evident, few things present more unwelcome press for mortgage bankers and servicers than accusations of redlining or...
Source: ABC 4 — As of today, Utah has a housing shortage of 44,500 units. Should you keep trying to get into a home? Ace Allack of People’s Home Equity, has served as President of Salt Lake Home Builders Association and has insight into what makes our market...
Source: Thrillist — With New York City rent prices recently seeing their biggest increase in over a decade, many New Yorkers are looking for any way they can to save on rent. A new bill under consideration in the state legislature could provide help by setting...
Source: House Logic — The answer to whether closing costs are tax deductible — or mortgage interest and property taxes for that matter — is often maddeningly, “It depends.” Basically, you’ll want to itemize if you have deductions...
Trump Expects Rate Cuts with Warsh as Fed Chief, But Warsh Stresses Fed Ind…
