Defer Taxes With A 1031 Exchange

It can be tricky, but the opportunity for savings makes the effort worth it if your property or transaction qualifies Thinking about swapping your ski chalet in Aspen for an oceanfront mansion on Miami Beach? If you’ve used your vacation home as an investment property, and collected rental income, you might be able to take … Read more

Biden Administrations Bold Plan To Combat Appraisal Bias

The 5-point plan seeks to arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry and leverage data for policymaking. The Biden administration announced Wednesday an ambitious set of reforms intended to combat bias in the home appraisal process, along with a report chronicling a history of bias and its effect on … Read more

Tech Savvy Millennials Near Half Of All Homebuyers

Millennials made up the largest share of buyers at 43%, up from 37% in 2020, according to the National Association of Realtors’ Home Buyers and Sellers Generational Trends Report. When a listing attracts multiple offers — common in the hot market of the last couple of years — chances are the homebuyers on the bidding … Read more

Tech Savvy Millennials Nears 50% Share Of US Buyers

In 2021, millennials made up the largest share of buyers at 43%, up from 37% in 2020, according to the National Association of Realtors’ Home Buyers and Sellers GenerationalTrends Report. When a listing attracts multiple offers — common in the hot market of the last couple of years — chances are the homebuyers on the … Read more

Mortgage Rates Spike To New Highs!

The 30-year fixed-rate average climbed to 4.16 percent this week. It started the year at 3.22 percent. The days of record-low mortgage rates are over. Driven up by inflation and global conflict, the 30-year fixed average hit a high not seen since May 2019. According to the latest data released Thursday by Freddie Mac, the … Read more

First Time Homebuyers Are Making Up For Lost Time

Communications manager Isabelle Novak and her partner, software executive Reid Gridley, represent a burgeoning population of millennials buying high-end homes across the country. The median price of a single-family home in Portland, Ore., reached $502,000 last year, a year-over-year increase of 15 percent in a property market that ranks as one of the hottest in … Read more

Bye Bye Starter Home!

As millions of Americans go in search of their first home this spring, many may find that the starter homes they once envisioned now have long-term home prices. Now what? Spring Madness is a week-long Inman series analyzing this year’s spring homebuying season. We’re digging into the state of the housing market, the impact of … Read more

The Next Generation of High-Net-Worth Buyers

Millennials make up the next generation of high-net-worth buyers, and spend 21.6 percent of their income on housing. Here’s what makes them tick and what they’re looking for in an agen Meet the rising group of millennial millionaires: They’re bootstrapping, self-motivated workers who come from diverse backgrounds and have built successful businesses. And now they’re … Read more

High-End Housing Sees Influx Of Millennials

Long on the sidelines, this population cohort is making up for lost time. Communications manager Isabelle Novak and her partner, software executive Reid Gridley, represent a burgeoning population of millennials buying high-end homes across the country. (Leah Nash for The Washington Post) The median price of a single-family home in Portland, Ore., reached $502,000 last … Read more

Say Goodbye To The Starter Home

As millions of Americans go in search of their first home this spring, many may find that the starter homes they once envisioned now have long-term home prices. Now what? Spring Madness is a week-long Inman series analyzing this year’s spring homebuying season. We’re digging into the state of the housing market, the impact of … Read more