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Don’t DIY Your Benefits
Imagine a home buyer that decides to do their own title work. They watched a couple of youtube videos and printed some forms on google, so they are now an expert. Seems a bit crazy, right? Similarly, the government got involved in health insurance. The spend some...
Biden to Abolish Capital-gains Tax Loophole for Real Estate Investors
Source: MPA --- President Biden is pushing to close a tax loophole that has allowed real estate investors to defer paying capital gains on property sales as part of his $1.8 trillion spending package for new social programs. The Biden Administration said that the...
More than 600,000 Latinos bought a home with a mortgage in 2020
Source: Scotsman Guide --- Over 600,000 Latinos bought a home using a mortgage in 2020, an increase of 13% from the previous year. That’s according to the 2020 State of Hispanic Homeownership Report, released this week by the National Association of Hispanic Real...
New home sales battle: mortgage rates vs. lumber supply
Source: Housing Wire --- Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous...
U.S. Home Prices Surge Most Since 2006 With Tight Inventory
Source: Bloomberg --- U.S. home prices soared the most in 15 years, with low mortgage rates and a scant inventory of properties to buy fueling a tight housing market. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 12% in February from...
Lawmakers introduce bill to give first-time homebuyers $15,000 tax credit
Source: Scotsman Guide --- Two West Coast legislators have introduced a new bill providing a refundable tax credit of up to $15,000 for first-time homebuyers, potentially fulfilling one of President Joe Biden’s campaign promises. Rep. Earl Blumenauer, D-Ore., and Rep....
