Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.
The start of a new year always compels people to take a fresh look at their health, career, relationships, and financial goals. But with historically low mortgage rates, increased home sales and price growth, and tight housing inventory, the time is right to also make some homeownership resolutions for 2021.
While the U.S. economy is experiencing turmoil in many segments due to the global coronavirus pandemic, real estate has remained relatively unscathed. Historically low mortgage interest rates have led to increased demand for home purchases. Combined with relatively low home inventory in many markets, home prices are reaching record levels with no clear end in sight. One market expert… Read more »
Many clients ask me about the sale of their home capital gains taxes they may owe. Capital gains are the difference between how much you pay for a capital asset how much you sell it for. These gains can have important tax considerations when you sell your home. Home sale capital gains tax rates vary… Read more »
Thinking about buying or selling a house is a major life decision. You may wonder when exactly is the best time to seek the services of a real estate agent. While you may just be information gathering, engaging an agent as soon as possible in your process can help inform your strategy and set you… Read more »