65% of U.S. households own their homes, but most have no clue how homeownership taxes actually work.
If you own a home (or plan to), here are the tax rules that could save you thousands:
@thegarybrecka Ok. What would you recommend as the first line of defense. My client just paid a small fortune to have a bathroom gutted to remediate mold. Most folks don’t have the $ to handle and insurance doesn’t cover most of the time. This post is fear based and doesn’t really help imo.
Steve Harney, founder of @KCMcrew, passed away on Sunday at the age of 68
Not only was Steve an immensely successful real estate entrepreneur and thought leader, but he was also one of the kindest and most passionate men I've ever met
https://t.co/2OcZ1KQokv
Housing thread time!
Sellers are coming back to the housing market. Can buyers keep up?
New listings this week climbed 14% vs. last year at this time. While available inventory ticked down from last week, total inventory is 12% greater than last year.
More inventory means more selection for home buyers this year, and more home sales. Are there any signs that supply is growing too fast? Can buyer demand keep up?
That’s what we’re looking at in this week’s @AltosResearch real estate market video.
[video link follows the thread]
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Most forecast models expect mortgage rates to slowly decrease
The latest projections from Fannie Mae and MBA 👇
IF they're right, it'll gradually alleviate strained housing affordability
This is a slightly different way to look at the impact mortgage rates have on purchasers. Most people shop by the amount they can afford on a monthly mortgage payment.
As rates move, so does the price of the house they can afford. Let’s assume they wanted to keep their mortgage payment (principle and interest) below $2,600 a month.
Just saying…
🚨🚨🚨
The average 30-year fixed mortgage rate falls to 6.82% following the Fed presser
That's the lowest reading since May 18th
Housing affordability has improved considerably since October's high of 8.03%
Spread: 279 bps