Details can be tricky. Double-check yourself with these tax rules affecting homeowners. Courtesy of Houselogic Like most homeowners over the past couple of years, you may have discovered that you can no longer write off your property taxes or claim the mortgage interest deduction. That doesn’t necessarily mean your taxes went up. The change is […]
Archives for January 2023
Should You Buy Flood Insurance?
Courtesy of HouseLogic Did you know homeowners insurance doesn’t cover flooding? Here’s what you need to know about the federal flood insurance program If you have a mortgage on your home and you live in a high-risk flood zone, in most cases, your lender requires you to buy flood insurance. However, if you live […]
2023 Home Improvement Trends
The demand for home improvement continues, and people still want to add both value and comfort to their homes. Whether that’s creating a dedicated work space, upgrading their home or creating a backyard garden. Here are the top trends: 1.- Energy Efficiency Upgrades This winter has been a costly one so far. With the rising […]
Is the Housing Bubble Worse than 2008?
During 2022 the Federal Reserve Bank forcefully raised interest rates 7 times. The goal: “to reduce red-hot inflation rates that are eating into the purchasing power of everyday Americans without sparking a recession.” The market has reacted in a way that signals that a recession is here to stay for awhile. In 2022 we witnessed […]
2023 Real Estate Challenges Ahead
In order to understand the real estate market trends for 2023 let’s take a look at some economic factors: Interest rates, affordability, housing shortage and home sales. Interest Rates During 2022, the Federal Reserve Bank increased mortgage interest rates 7 times as seen in this chart. Once the rate of inflation was going up they moved […]
ESG Negative Impact on Real Estate
Real estate has traditionally offered homeowners and investors security, stability, cash flow, tax breaks, equity building and a hedge against inflation. In recent years we have experienced an unprecedented real estate housing bubble as the result of quantitative credit easing practices by the Federal Reserve Bank and monetary policies. As both inflation and […]
