A recent discussion has sparked interest in a potential change to capital gains taxes on home sales. The idea, floated by a prominent political figure, suggests eliminating these taxes entirely. This has led some to speculate about the implications for homeowners. Currently, capital gains taxes apply when a home is sold for more than it was purchased, after accounti...
The real estate market is feeling the pinch. In May, sales of new single-family homes took a nosedive, plummeting by 13. 7% compared to April. This drop brought the sales figure down to 623, 000 units on a seasonally adjusted, annualized basis. To put that into perspective, it's not just lower than last month but also 6. 3% below May 2024. It's also lagging behind th...
In April, the housing market took a hit. Sales of existing homes slowed down to a pace not seen since 2009. This drop happened despite a growing number of jobs in the economy. The slowdown is due to high interest rates and a lack of confidence among buyers. The National Association of Realtors reported that sales fell slightly from March to April. This drop was unexp...
The housing market showed unexpected strength in February. Sales of existing homes went up by 4. 2% from January. This is a significant jump, especially when experts had predicted a 3% drop. However, it's important to note that these sales figures are based on deals that closed in February. This means the contracts were likely signed back in December or January. Duri...
In the heart of Nashville, a big change is happening. Kristin Cavallari, known for her podcast, has found a buyer for her luxurious farmhouse in Franklin, TN. This isn't just any home; it's a sprawling 6, 799 square feet with 4 bedrooms and 5 bathrooms. The property sits on a generous 28 acres of land. The journey of this property is quite interesting. Kristin bough...
The housing market faced a tough start in January. Sales of previously owned homes dropped by 4. 9% from December. This means fewer people were buying homes than the month before. The main reasons? High mortgage rates and rising prices. Even though there were more homes available, many people couldn't afford to buy. The good news is that sales were up by 2% ...
Dansby and Mallory Swanson, a prominent sports couple from Chicago, have been making significant moves in the real estate world. They recently sold their luxurious home in Sandy Springs, Georgia, for a cool $2. 1 million. You might be wondering, why the move? Well, they recently upgraded to a bigger and better place in Lakeview. The Swansons' home in Sandy S...
Last year, Americans bought the fewest homes in nearly 30 years. It's not because people don't want to buy homes; it's because many can't afford to. High housing prices, not enough homes for sale, and rising mortgage rates are making it very hard, especially for first-time buyers. Experts say these issues might not improve soon. The U. S. hasn't been building enough...
In 2024, American home sales hit a new low, falling to numbers not seen since 1995. The reason? Sky-high home prices and high mortgage rates are making it tough for people to buy homes. Previously owned homes, which make up most of the market, saw a total of only 4. 06 million sales last year. That's a real drop! Interest rates on 30-year fixed mortgages peaked at 7...
November saw a surprising boost in home sales, with a 4. 8% increase compared to October. This puts sales at an impressive 4. 15 million units annually, according to the National Association of Realtors. The best part? This is a 6. 1% rise from last year, making it the third-highest pace of the year. This good news comes from contracts signed in September and Octobe...