2023
Real Estate sales can trigger capital gains tax based on profit earned. Capital gains exclusion is available for primary residences....
Housing prices remained high in June due to low inventory and increased buyer demand. Avg home sale price in June was $426K, close to the all-time high....
Jumbo mortgages are non-conforming loans that exceed the conforming loan limits established by the Federal Housing Finance Agency. They are primarily used to finance high-value properties, but come with stricter requirements, such as a higher credit score, lower debt-to-income ratio, and larger down payments. Despite these challenges, jumbo mortgages can be a powerful tool for financing luxury...
Buying and selling a home simultaneously can be a difficult process, but with the right planning and strategies, it is possible for many homeowners. There are several options to consider, such as a bridge loan, a contingency, and a post-closing occupancy agreement, each with their own advantages and disadvantages. It is important to consult an experienced professional to determine which option is best...
The Fed Paused its key interest rate at at its current range between 5.25% and 5.50%. Meanwhile a rate hike is expected on Fed next meeting on Oct 31- Nov 1.Officials cut forecasts for 2024 rate cuts, suggesting a "higher for longer" policy; benchmark rate above 5% by end of 2024....
Rent prices in the US ↑ 1.7% MoM in June and ↑ 3% since April. The median rent is $2,029, ↓ 1.8% than the peak in August 2022 but ↑ 5% from February 2023. The rental industry's slower pace of growth is attributed to new inventory....
A survey of 1.3K Real Estate investors reveals that 60% believe the US is facing a housing shortage. 80% of these investors are selling renovated homes at or above asking price, indicating strong demand....
Georgia's housing market is hot, with Atlanta and Gainesville being two of the hottest metro areas in the country....
Conventional loans are a popular type of loan for home buyers, offered by private lenders and requiring a down payment of 3-5% and decent credit. These loans come in two main varieties - conforming loans with a maximum loan amount set by the government, and non-conforming loans with no limit. Borrowers should consider their individual situations to determine which type of loan is right for...