Published by MarketWatch | November 2, 2021 “We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility,” CEO tells investors. Zillow Group, Inc. is calling it quits on the home-flipping business, while disclosing losses of more than …
Zillow to Stop Flipping Homes Due to Massive Losses Read More »
Published by Visual Capitalist | October 20, 2021 The average American needs their retirement savings to last them 14 to 17 years. With this in mind, is $1 million in savings enough for the average retiree? Ultimately, it depends on where you live, since the average cost of living varies across the country. How Long $1 Million …
Published by REALTOR Magazine | October 19, 2021 The physical presence of an appraiser is no longer necessary to determine a home’s value. The Federal Housing Finance Agency will accept appraisals conducted remotely—without the physical presence of an appraiser—starting in early 2022 for qualifying Fannie Mae– or Freddie Mac–backed mortgages. The government-sponsored enterprises will use …
FHFA: Desktop Appraisals to Become a Permanent Option Read More »
Published by Forbes.com | October 5, 2021 No one can predict the future, but there are clear trajectories for certain asset classes that are undeniable. The opportunity clock is ticking. As a critical deadline in the qualified opportunity zone program approaches on December 31, 2021, investors are finding the potential tax benefits of the program …
FORBES: As Opportunity Zone Window Closes, The Case For Investment Is Stronger Than Ever Read More »
Published by Sovereign Wealth Fund Institute | September 29, 2021 Capital gains tax is a tax on the profit that investors realize on the sale of their assets. On September 28, 2021, Federal Reserve Chairman Jerome Powell and U.S. Treasury Secretary Janet Yellen testified on the coronavirus and CARES Act before the U.S. Senate Banking, …
U.S. Treasury Secretary Janet Yellen Supports Taxing Unrealized Capital Gains Read More »
Published by Investment Watch | September 20, 2021 How serious is this? Serious. The issue at hand is China’s massive Evergrande property developer. The company is effectively insolvent, with over $300 billion in bad loans. Many are calling this “China’s Lehman Moment.” The company’s stock is down 80% Year to Date. Real estate comprises nearly …
INVESTMENT WATCH: China’s Black Swan Has Arrived Read More »
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