President Trump said this week that he is considering removing capital gains tax for home sales. Home sellers who lived in their home for two of the past five years can currently exclude up to $250,000 in capital gains from their taxable income as a single filer, or up to $500,000 as a couple filing
If you’re looking to buy or sell a home this year, there are new rules around how buyers’ agents are paid that you need to know. Before these changes took effect last summer, the home seller would decide how much to pay both their agent and the buyer’s agent. The buyer’s agent commission would be
The 2024 election results show that voters are willing to greenlight big spending to fund affordable housing. Across the country, cities and states approved hundreds of millions of dollars in bonds and taxes to increase housing supply. But the question remains—given existing regulatory barriers like zoning and red tape, will that money be spent where
Redfin’s economists expect there will be more home sales in 2025, largely due to pent-up demand. But some would-be homebuyers will still be priced out, with home prices climbing and mortgage rates remaining near 7%. Rental prices, on the other hand, should stay flat while wages increase, improving affordability for renters. Politicians from both sides
This was originally published to Forbes on July 30, 2024. The pros and cons of owning a home versus renting one are changing along with the climate. Aspiring homeowners are already grappling with rising mortgage rates, record-high home prices and near-record rent prices, and now they’re having to factor risk from natural disasters and skyrocketing insurance costs into their
This was originally published to Forbes on August 29, 2024. The housing market is poised for a dynamic shift this fall, driven by recent declines in mortgage rates and the Federal Reserve’s anticipated rate cuts. This presents challenges for both buyers and sellers who want to time the market. Here’s what homebuyers and sellers can