October 2017 Market Report: Home Values Growing at Twice the ‘Normal’ Rate
October was the 15th consecutive month in which home values rose by at least 6 percent, which is double the roughly 3 percent annual rate of appreciation we might expect in a more “normal” market.
October Home Sales Forecast: Back to Normal
Home sales likely moved past late-summer weather disruptions in October, with both existing and new home sales reverting to recent norms.
Changes to Capital Gains Taxes Could Radically Alter the Calculus for Home Sellers
Proposed changes to the laws governing the exclusion of home sales from capital gains taxes would both radically change the time horizon for short-term homeowners considering selling their home and have a potentially huge impact on the inventory of homes for sale.
2018 Predictions: The Inventory Crisis Will Drive the Market
In most markets around the country, inventory of homes for sale has become so tight that housing is now a game of musical chairs: Nobody wants to stand up from the home they’re currently living in and list if for sale, for fear they won’t be able to find another home to buy.
Senate Tax Plan Would Make MID Feasible on Fewer Homes Than House Bill
Changes to the nation’s tax code as proposed by the U.S. House of Representatives and the Senate are set to impact current and would-be homeowners in a number of ways.
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.
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.
Buyers With Lower Down Payments Make More Offers
The amount of a buyer’s down payment can come into play when other factors in competing bids are a wash. On average, higher down payment buyers make 1.9 offers, while low down payment buyers make 2.4 offers.
Under Proposed Tax Changes, Taking MID Would Be Worthwhile on Only 5% of U.S. Homes
Currently, a little less than a third (29 percent) of all U.S. homes are valuable enough to make taking the Mortgage Interest Deduction (MID) worthwhile for tax filers. Under recently proposed tax changes, that number would fall to just 5 percent.
