Republicans in Congress are attempting to extend the tax cuts that were implemented by former President Donald J. Trump, but the sticking point seems to be the $10,000 cap on deducting state and local taxes (SALT). Many homeowners who live…
Over the past few months, the real estate market has been unusually volatile, with mortgage demand going up and down in accordance with a number of factors. The most notable factor has been interest rates, which have generally been on…
Demand for mortgage refinancing skyrocketed in the first week of February, increasing by 18% compared to the week prior. This dramatic rise in demand for refinancing is attributed primarily to decreases in mortgage interest rates, which have been steadily declining for a month. As a result, the prospect of refinancing seems more appealing to many, especially to those who bought mortgages when interest rates were at their peak.
The Biden Administration has recently announced a “Blueprint for a Renters Bill of Rights,” which would set forward a series of new legal protections for renters across the United States. This blueprint includes a number of provisions that could substantially impact property owners who rent out to other people, including limiting their ability to raise rent. If adopted, it would be one of the most significant changes to federal housing policy in years.
Mortgage demand dramatically increased in the second week of January, rising by more than 25% compared to the week prior. This is the most significant increase in the number of people seeking mortgages since September, when the housing market began…
For the first few months of 2022, the housing market was soaring, climbing even higher due to low mortgage interest rates and relatively low inventory compared to the number of people seeking new homes. However, a combination of interest rate…