Billions could be at stake if Congress tinkers with tax exclusion on home sales
By Kenneth R. Harney
It’s often the biggest pot of gold available to any homeowner, yet its fate remains unclear under the main plans for a tax code overhaul proposed so far on Capitol Hill.
The capital gains “exclusion” allows eligible owners to pocket up to $250,000 (taxpayers filing singly) or up to $500,000 (joint filers) from the net gains on their home sales, tax-free.
Real estate lawyer sues Zillow, calls Zestimate a ‘tremendous roadblock’ to selling her home
By Monica Nickelsburg
Since its inception, Zillow’s home-value calculator, know as the “Zestimate” has been one of the most controversial features of the company’s real estate portal. Zillow co-founder Rich Barton openly admitted to GeekWire that the tool is “very provocative and personal and a little voyeuristic.”
10 Tips for Spring Home Buyers
By Alycia Lucio
Follow these 10 tips to make the home-buying process a happy one.
The arrival of spring means it’s time to start fresh. Along with pulling out your warm-weather wardrobe and tackling spring cleaning, you may have a bigger project on your to-do list: buying a new home.
How to Sell a House: 4 New Rules That Can Make or Break a Sale
By Daniel Bortz
These days, knowing how to sell a house isn’t as simple as sticking a “For Sale” sign on your lawn. Times have changed-and the good news is the market is largely tilting in your favor.
Pending Home Sales Dip 0.8% in March
WASHINGTON (April 27, 2017) – Pending home sales in March maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity, according to the National Association of Realtors®. Only the South saw an uptick in contract signings last month.
The Pending Home Sales Index, www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, declined 0.8 percent to 111.4 in March from 112.3 in February. Despite last month’s decrease, the index is 0.8 percent above a year ago.
Existing-Home Sales Jumped 4.4% in March
WASHINGTON (April 21, 2017) – Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March.
Do You Qualify for Treasury Down Payment Assistance?
By LAURA HAVERTY
A home of your own could be within your reach.
It’s spring, and some renters’ thoughts may turn to home buying. Then reality hits: Between paying off student loans, paying rent, and keeping up with other bills, they haven’t saved for a down payment.
How to find a real estate agent who’ll best meet your needs
By Ilyce Glink and Samuel J. Tamkin
How do I find the best real estate agent? And how do I choose which real estate agent to use?
I’m learning a lot going through the process of “properly” selling my house. I interviewed five real estate agents the Saturday before last, and I was amazed by the range of differences in their attitudes and approaches to selling real estate.
Mortgage Rates Hit Lowest Mark of 2017
MCLEAN, VA–(Marketwired – Apr 13, 2017) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year mortgage rate dropping for the fourth consecutive week and hitting a new low for 2017.
5 Major Mistakes That Retirees Make With Real Estate
By Julie Ryan Evans
You’ve worked hard year after grueling year and, finally, retirement is on the horizon. There’s nothing ahead for you but lazy days of relaxation and idle time to pursue those back-burner hobbies. Hey, you’ve earned it!