Tax strategist David A. Perez helps real estate investors plan ahead to minimize their tax burden. Find out how his strategies can work for both active and passive investors Would you like to minimize your IRS tax burden and perhaps even reduce it to zero? If so, you need more than your typical tax preparer or CPA. You need a tax strategist who helps you plan your tax strategy long before you ever consider filing your taxes. I rece
Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36M 'home retention actions' during the COVID-19 pandemic Loan servicers collecting mortgage payments on loans backed by Fannie Mae and Freddie Mac kept millions of borrowers from being foreclosed on during the coronavirus pandemic, a report released Friday by the mortgage giants’ federal regulator shows.Unlike the 2007-09 housing bust
Home construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists. Gianni Martinez, 31, thought that it would be fairly easy to buy an apartment.Mortgage rates are now hovering around 7 percent — the highest they’ve been since 2007 — thanks to the Federal Reserve’s efforts to tame inflation. Central bankers have lifted their official policy rate to about 5 p
Rates are still above 6.5%, a key affordability threshold.Despite a dip for the third consecutive week, mortgage rates are still above 6.5%—a key affordability threshold—and remain much higher than they were just two years ago. Freddie Mac reports that the 30-year fixed-rate mortgage averaged 6.67% this week. A year ago, rates averaged 5.81%, and in early 2021, they were in the 2% range.The dramatic change in rates has created a “mortgage r
Find out the bright spots that are on the horizon for housing. Existing-home sales increased slightly in May, even as buyers continue to face severely limited options on the market. Total existing-home sales—completed transactions including single-family homes, townhomes, condos and co-ops—rose 0.2% month over month in May, the National Association of REALTORS® reported Thursday. Still, sales are down 20.4% from a year ago as low inventory r
If you're just starting out, here's how to choose your investment property and increase its value for maximum return on investment Whether the amount you can invest is $10 or a million dollars or more, it’s important to understand the fundamentals of real estate investing, how to get started and, most importantly, how to select investments that will yield the maximum return. Brian Davis and Denise Supplee are the founders o
Average homeowner equity per borrower dropped by 1.9% in the first quarter of 2023 For the first time in more than a decade, the average U.S. homeowner with a mortgage has less home equity than they did a year earlier.Among the roughly 63% of U.S. homes with a mortgage, average homeowner equity per borrower was $274,070 in the first quarter, down 1.9% from the same quarter last year, according to real estate data tracker CoreLogic.The last t
As inflation decelerates, the potential for lower mortgage rates is becoming a greater possibility.Mortgage rates decreased for the second consecutive week but still remain above 6.5%, a far cry from a year ago, muting any celebration from borrowers. Freddie Mac reports the 30-year fixed-rate mortgage averaged 6.69% this week.The weekly drop comes on the heels of better economic news: The Federal Reserve on Wednesday voted to pause hikes to its b
Several economic indicators are showing improvement, but the Fed warns that two more rate increases are likely this year. That has some economists concerned.Ending a cycle of 10 consecutive rate hikes, the Federal Reserve voted this week to hold off on another increase to its key short-term interest rate. The news fueled hopes that borrowing costs for home buyers could cool in the coming weeks, but only if the Fed continues to pause rate hikes. M
According to Splitero CEO Michael Gifford, we’re still in an affordability crisis and unlikely to see a complete housing market tumble in 2023 It’s been a housing market roller coaster the past few years with no shortage of news about record-high prices, outrageous negotiations (like all-cash deals and cars), and questions about if there’s a bubble and if it’ll burst. The pendulum swung from a buyer’s market to a sellerâ€
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
