Real estate
Existing home sales fall to a 10-year low in September, as mortgage rates soar
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the […]
Read More
IRS bumps up estate-tax exclusion to $12.92 million for 2023. Here’s what that means for wealthy Americans
Bernd Vogel | Getty Images Ultra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week. Starting in 2023, individuals can transfer up to $12.92 million to heirs, during life or at death, without triggering a federal estate-tax bill, up from $12.06 million in 2022. Since married couples may share […]
Read More
Homebuilder sentiment drops to half of what it was six months ago
Homebuilder sentiment in the single-family home market has fallen to half what it was just six months ago as mortgage rates climb, according to a new report. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which is designed to gauge market conditions, fell 8 points to 38 in October from the […]
Read More
Sturdy or vulnerable? Experts are break up on Australia’s financial outlook
A consumer wanting at the value of limes at a fruit stand in Sydney. According to Australia’s Bureau of Statistics, Australia’s inflation charge rose to 6.1 in June, a 21-year substantial. Lisa Maree Williams | Getty Photos News The Bank of Queensland stated it’s “really bullish” on Australia’s “extremely robust financial state” — but not […]
Read More
This relatives owns a ‘princess cottage’ in Disney World’s gated community—where houses sell for $12 million: Choose a glance inside of
In 2020, when the pandemic place our travels to a halt, my spouse and children purchased a 4-bedroom, 3,600-sq.-foot household in Golden Oak at Walt Disney Planet Resort around Orlando, Florida. My dad and mom had been wanting to obtain a holiday home for some time. I have a now five-calendar year-old daughter, and my […]
Read More
Young, wealthy investors are flocking to alternative investments, study shows. What to know before adding to your portfolio
More advisors are using alternative investments Alternative investments typically fall into four categories: hedge funds, private equity, “real assets” like real estate or commodities and pre-packaged investments known as “structured products.” Amid double-digit losses in the stock and bond markets this year, there’s been an uptick in advisors turning to alternative investments, as planners seek […]
Read More
Demand for riskier home loans is high as interest rates soar
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the […]
Read More
It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to […]
Read More
China’s tech stocks are tumbling, but quick sellers have a various sector in their sights
Chinese tech shares proceed to be overwhelmed down , but quick sellers appear to be targeting yet another sector recognized for its large valuations: true estate. The real estate business in China experienced the premier raise in brief offering as opposed to other sectors in the third quarter, in accordance to details analytics organization S3 […]
Read More
Here’s how uber-rich pass wealth to heirs tax-free when markets are down
Year-end Planning Here’s how uber-rich pass wealth to heirs tax-free when markets are down Published Mon, Oct 10 20221:44 PM EDTUpdated 2 Min Ago Greg Iacurci@GregIacurci WATCH LIVE Source
Read More