Tag Archives: Homeowners

High interest rates are making tax returns more complicated for many new homeowners — but in a good way. The mortgage interest deduction — a lucrative homeowners’ tax benefit taken on itemized returns — was limited by the Tax Cuts and Jobs Act (TCJA) in 2017, severely curtailing the number of households that can write off the interest they pay on their home loan. But today’s high interest rates are tipping the calculation back in favor of claiming this largely forgotten benefit,… Source link

Homebuyers who were able to buy over the past years or owners who locked in dramatically low mortgage rates by refinancing are not selling as those same rates climb. “That’s going to continue likely for the rest of this year, as affordability challenges really reign [over] buyers’ budgets and sellers’ decisions on whether or not to list their homes,” Zillow Economist Nicole Bachaud told Yahoo Finance Live (video above). The housing market is in the midst of a major shift as the Federal… Source link

About 60% of lower-priced homeowners may pay higher property taxes than their counterparts who own more expensive homes, according to a new study released Tuesday. Why? Owners of those higher-valued properties, ranging from $500,000 to $1.2 million, are at least two times more likely to appeal their property taxes and possibly pay far less, said Ownwell, a property-based startup in Austin, Texas. The amount of appeals depends on the county and the state. For example, homeowners of higher-value… Source link

Biden signed $10 billion in mortgage help for homeowners. Do you qualify? Millions are still at risk of losing their homes as a result of the economic crisis fueled by the pandemic. More than 10 million U.S. homeowners are behind on their mortgage payments and are experiencing “housing insecurity,” according to census data. If you’re in that group and your debt is piling up, the White House set aside $10 billion in the recent COVID relief package to help Americans pay their housing… Source link

‘You have been identified by our group as being a Trump supporter.” Thus begins the text of threatening letters recently sent to homeowners with Trump yard signs in New Hampshire. The letters continue, “We recommend that you check your home insurance policy and make [sure] that it is current and that it has adequate coverage for fire damage. You have been given ‘Fair Warning.’” The menacing notes are just the latest example of the threats, theft, and electoral shenanigans… Source link