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News & Updates
Amazingly, 2023 Is NOT the most UNAFFORDABLE it’s ever been to buy a Home—Not Even Close!
Yes, we’ve all heard it. Buying a home today might seem like the most unaffordable, and therefore impossible, it’s ever been. Home prices are near record levels, pushed up by bidding wars erupting on anything well-situated and move-in ready. Plus, mortgage rates are...
Seller’s Market, Buyer’s Market, ‘Nobody’s Market’?
Seller’s Market, Buyer’s Market, ‘Nobody’s Market’? The Weird State of Housing Right NowToday’s housing market has everyone wondering: Is it still a seller’s market, or has the power dynamic finally shifted in favor of buyers?Try neither.Uncertainty about the future...
Buying/Selling at Same Time? Consider a Bridge Loan
A bridge loan gives homeowners the freedom to close on another home even if they don’t yet have down payment funds from the sale of their current home. A bridge loan may help your buyer fund their next home before completing the sale of their current home....
Tax Deductions When Selling a Home
Are there tax deductions when selling a home. And the answer is: You bet! Sure, you may remember way back to 2018 and its new tax code—aka the Tax Cuts and Jobs Act—changed some rules for homeowners. But rest assured that if you sold your home in 2022 (or are planning...
Seller’s Market, Buyer’s Market, ‘Nobody’s Market’?
Seller’s Market, Buyer’s Market, ‘Nobody’s Market’? The Weird State of Housing Right Now Today’s housing market has everyone wondering: Is it still a seller’s market, or has the power dynamic finally shifted in favor of buyers? Try neither. Uncertainty about the...
1031 Exchange: ????
A typical 1031 Exchange to defer taxes: 45 Days to identify the NEW Property, 180 Days to Close on said Property HOWEVER - For Exchanges started between Oct. 18th and Dec. 31, the timeline to complete (above) is and can be shortened! The Tax Code states the new...
Market Update
Oct. Single-Family Starts Continue to ContractHousing starts decreased 4.2% in Oct., with a larger dip in single-family home starts (down 6.1%) offset by a smaller dip in multifamily starts (down 1.2%).Elevated mortgage rates, high construction costs for concrete and...