Homes are selling fast, indicating it’s still competitive.Buy now if you're ready.Buyers are hesitant now, so waiting might be wise if you're cautious.
Early-Q4: Best Time for Homebuyers
The first week of October 2024 offers homebuyers potential savings of over $14K on median-priced homes.
This week may see up to 37% more for-sale inventory compared to the start of 2024.
Commercial Real Estate Market Enters Normalization Period
The commercial Real Estate market is experiencing a normalization period with stable prices but rising vacancies.Migration to the Sun Belt has slowed, while the Snowbelt is showing improved performance.
How Much Does It Cost to Sell a House?
Overview of Selling Costs
– Commonly 10% to 15% of the home price
– Includes both mandatory and optional expenses
Taxes and Fees
– Property tax: prorated share owed at sale
– Real Estate transfer tax may apply based on location
– Capital gains tax on profits over $250K (or $500K for couples)
How Older Office Properties Could Make A Comeback
The older office space market, once deemed obsolete due to remote work trends and economic factors, may still have potential for revival. With necessary updates and energy-efficient renovations, B and C class buildings could attract tenants again, similar to how past fashion trends have resurfaced. Lowering interest rates could further stimulate investment in these properties, benefiting urban economies. However, success depends on market demand, area improvements, and corporate interest, suggesting a cautious optimism for the future of older office spaces.
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Commercial Leasing Simplified: What You Need
Key Components:
1. Lease Term: Duration of the agreement
2. Rent: Amount and structure of payments
3. Operating Expenses: Maintenance, taxes, & insurance costs
4. Maintenance Responsibilities: Who handles repairs?
5. Use of Premises: Allowed activities & restrictions
6. Renewal Options: Terms for extending the lease
Buy or Wait? Home Purchases and Elections
Personal financial health, not election timing, is the key factor in deciding to buy a home.
Political elections historically have little effect on long-term home value appreciation or the housing market.
Money-Saving Hacks for Homebuyers in 2025
Cut Cable Costs: Switching from cable to streaming can save over $2,600 annually.
Reduce Subscriptions: Regularly review and cancel unused streaming and subscription services to avoid overspending.
How to Prevent a Tax Hit When Selling a Rental Property
Investing in rental properties can generate steady income and significant profits upon sale, but it may also lead to substantial capital gains tax liabilities. In 2024, the capital gains tax rate is 15% for married couples with taxable income between $94,051 and $583,750, rising to 20% for higher incomes. Strategies to minimize these taxes include tax-loss harvesting, utilizing IRS Section 1031 for like-kind exchanges, and converting rental properties into primary residences to exclude up to $500,000 in gains. Consulting a tax professional is advisable for tailored guidance.
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What Is Buy Now, Pay Later?
BNPL options are becoming popular for spreading payments on large purchases, including home-related expenses.BNPL loans don't require hard credit checks, making them easy to qualify for.
