How to Address Concerns About Foreign Home Buyers
At both the federal and local levels, there is more that policymakers could and should do to address legitimate domestic concerns about foreign home buyers, regardless of buyers’ nationalities. And there are already some promising efforts.
Taxing Foreign Home Buyers: What It Does and Doesn’t Do – Intended or Not
One proposed explanation for rapid housing cost growth in many of these cities is the notion that foreign home buyers are to blame. In response to this theory, a handful of global cities have enacted new taxes on foreign home buyers – notably Vancouver, Toronto, Singapore and Sydney. A number of U.S. communities are weighing similar proposals.
U.S. Stability Draws Foreign Buyers Leery of Uncertainty at Home
The primary drivers of foreign home buyers in the United States, in the near term, are expected to be economic and political factors in their countries of origin – and not necessarily the appeal of the United States’ domestic amenities.
Tax Reform Would Limit Ways Filers in High-Cost Markets Can Reduce Their Bill
The proposal to double the standard tax deduction is one piece of the Congressional Republicans’ tax plan that could put more money in middle-income Americans’ pockets.
Mortgage Rates Retreat from Four-Month Highs on Fiscal and Monetary Policy News
The prime 30-year fixed mortgage rate quoted on Zillow touched its highest level since mid-July last Wednesday.
Next Fed Chair to Shape Interest Rates at Critical Moment for Housing
The president’s nominee for the next Chair of the Federal Reserve will play a critical – if indirect – role in housing affordability through the end of this decade and maybe beyond.
The Impact of the Amazon Jobs Boom on Seattle Rents
Across the Seattle area, the South Lake Union job boom is associated with faster annual rent increases between 2011 and 2015.
Case-Shiller August Results and September Forecast: Gains to the Horizon
The predictable rhythm leaves us wondering which of these trends might break in 2018 – if any.
Rapid Reaction: Q3 Homeownership Rate
Housing costs are rising, competition among buyers is fierce and the number of homes actually available to buy is at historic lows – and still, the U.S. homeownership rate is on the rise, climbing for the second straight quarter and proving American home buyers are nothing if not tenacious and resourceful.
September 2017 Market Report: U.S. Rent Growth on the Rise Again
Don’t look now, but after a largely uninterrupted, almost two-year slowdown, U.S. rent growth is picking up again.
