Published by REALTOR.com | July 3, 2024 Expenses associated with owning a home—including the mortgage, homeowners insurance, and real estate taxes—now take up 35.1% of a homeowner’s take-home pay Home affordability is at its lowest point since 2007, according to a new report from ATTOM Data Solutions. Expenses associated with owning a home—including the mortgage, …
Home Affordability Just Hit Its Lowest Point Since 2007 Read More »
Published by CNBC | June 25, 2024 The housing market is unlikely to recover for several years and affordability won’t get any better unless a recession hits, according to Bank of America economists. In a mostly pessimistic outlook on the sector, the bank sees a variety of factors lining up against both a major improvement …
BOA: Housing Market To Remain ‘Stuck’ Until At Least 2026 Read More »
Published by FOX Business | May 3, 2023 IRS also plans to nearly triple audit rates on large corporations with assets over $250M The IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of its sweeping effort to crack down on tax cheats. The tax-collecting agency aims to …
IRS Plans To More Than Double Its Audit Rate of Wealthy Taxpayers Read More »
Published by FOX Business | April 24, 2024 Rising home insurance rates are crushing U.S. families The astronomic rise in mortgage rates and spike in home prices over the past year have pushed a key tenet of the American dream out of reach for millions of families. Now, there is another obstacle to homeownership: higher …
Surge in Home Insurance Costs Adding More Inflation Pressure on Americans Read More »
Published by Inc.com | April 3, 2024 A new survey finds the average American thinks they’ll need nearly $1.5 million to retire, a 53 percent rise since 2020 that contrasts with flatlining rates of savings Over the years, business owners, managers, and investors have all probably extended the time frames in which they’re expecting to …
Poll: At Least $1.46 Million Needed for Retirement Read More »
Published by FOX Business | April 1, 2024 The annual earnings required to afford a median-priced home, which Bankrate lists at $402,343, rose 46% between January 2020 and January 2024. Homes in the United States have become increasingly unaffordable during President Biden’s term in office, with one study showing that buyers in nearly half of the 50 …
Homes Have Become Less Affordable Since Biden Took Office Read More »
Published by The Center Square | March 14, 2024 A monthly mortgage payment for a typical U.S. home has nearly doubled since January 2020 The housing market is not immune from inflationary woes as buyer’s purchasing power has significantly diminished in four years. Home buyers in 2024 need 80% more income to purchase a home …
Home Buyers Need 80% More Income to Buy Than 4 Years Ago Read More »
Published by REALTOR.com | February 20, 2024 Fears of another recession striking have been mounting as the Federal Reserve has attempted to slow the U.S. economy down by raising interest rates. While the Fed’s rate increases brought the real estate market to a near halt and contributed to the scores of layoffs at some high-profile companies, it’s looking …
Would a Recession Clobber the Housing Market or Make It Affordable Again? Read More »
Published by Real Estate News | December 18, 2023 Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures this year. Though mortgage rate relief appears to be on the horizon, it’s still anyone’s guess which direction the housing market will go in 2024. The …
What Happens With Mortgages if There’s a Recession? Read More »
Published by FOX Business | December 26, 2023 Tax brackets to shift higher by 5.4% in 2024 Higher federal income tax brackets and standard deductions will take effect at the beginning of January, potentially giving Americans a chance to increase their take-home pay in 2024 and shield more of their income from the IRS. The …
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