IRS Part of Condo Sale by Foreign National?
Real estate Q&A: When a foreign national sells property they own in the U.S., a portion of the sale needs to be held back and sent to the IRS by the buyer.
Reassess Buyer Expectations Due to Interest Rates?
26% of people may be less likely to buy a home this year because of rising interest rates, says a survey forecasting the outlook for homeowners in 2022.
Video Ideas to Encourage Business Growth in 2022
Real estate pros can boost business with personalized happy b-day videos or ones that congratulate homeowners on the anniversary of their home sale.
Realtor.com: ‘Close the Gap’ in Homeownership
How? By matching up to $100K to the HCA Equity Down Payment Assistance Fund, helping minorities and low- to moderate-income with down payments and closing costs.
Mortgage Rates Rise, 30-year Loan Reaches 5%
Freddie Mac: That’s up from 4.72% last week; it’s the first time the 30-year FRM has hit 5% in over 10 years amid persistent high inflation.
Inflation Edges Higher, Affecting Housing
NAR Chief Economist: The Fed Reserve will be forced to raise interest rates multiple times, pushing mortgage rates up and slowing home sales, price increases.
Don’t Force a Commute as Gas Prices Soar
Gas prices recently reached a 14-year high, and most workers don’t want to return to commutes to the office full time. Employers have options to explore.
Home Building Shifting to Rural and Small Counties
NAHB: 10.5% of all single-family homes built in 4Q 2021 were constructed in rural areas, up from 10% in 4Q 2020; for multifamily units, it was 6% vs 4.1%.
U.S. Inflation Up 8.5% in Past Year
The rise is the fastest pace in more than 40 years; costs for food, gasoline, housing and other items are squeezing consumers and wiping out many pay raises.
Citizens Insurance Adds 25,000 Policies
The state’s insurer of last resort had nearly 818K policies as of March 31, up from 792.6K at the end of Feb., as private insurers drop policies.