Archive | Real Estate and Mortgages RSS feed for this section
couple looking at home

How House-Smart Are You?

Relocating to a new area? When is it best to buy, and when should you stick to renting? We were just interviewed by AARP for an article on “How House-Smart Are You?” in the June 2018 AARP Bulletin. We were asked when it makes sense to buy, and when you’re better off renting. It’s a topic we […]

Read full story Comments { 0 }
house for sale 3

What’s Ahead For Housing Prices?

What impact will tax reform have on housing prices? You’re probably aware that real estate taxes (and other local and state taxes) are only deductible up to $10,000 per year. There are also new caps on deductible mortgage interest. What does this mean for home prices? Here’s some insights to help forecast where home prices […]

Read full story Comments { 0 }
house for sale 2

Quote Of The Week: The Ultra-Cheap Mortgage Era Is Over

“Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultracheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers.” Laura Kusisto and Christina Rexrode, The Wall Street Journal, “Mortgage Rates Hit Seven-Year High as Ultracheap Era Ends,” May 18, 2018 The Takeaway: Interest […]

Read full story Comments { 0 }
miami faena balcony

South Florida Luxury Real Estate Attracts Tsunami Of Foreign Money

File this under proof that we live in a truly global economy. It’s especially evident in South Florida, where some of our neighbors are likely to be foreign. Foreign investors spent a truly astonishing $7.1 billion on homes in South Florida last year, according to The Real Deal Miami. Where do those buyers come from? […]

Read full story Comments { 0 }
homes monopoly

Clearing Up The Confusion: Deducting Mortgage and Home Equity Interest In 2018

You probably know that last December’s Tax Cuts and Jobs Act changed the rules for deducting mortgage and home equity interest. Now, the IRS has fine-tuned the new guidelines, clarifying that you are allowed to deduct home equity interest in some cases. Here’s a quick summary. As always, consult your tax advisor for details relating to your situation. […]

Read full story Comments { 0 }
new york uppe west side

New York Real Estate Isn’t Made Of Gold, After All

Attention, real estate tycoon-wanna-be’s. Hate to burst your bubble, but here’s some surprising news from Douglas Elliman Real Estate, the largest real estate brokerage firm in the New York area and the fourth largest residential real estate company nationwide. It seems that Manhattan homes actually proved to be poor investments during the past decade. Not […]

Read full story Comments { 0 }
south fl house commons green

The Kids Are Alright: Waves Of Millennials Buy Their First Homes

They’ve definitely moved out of the basement. U.S. homeownership rates rose last year for the first time in 13 years, driven by young buyers purchasing their first homes. All the hand-wringing about millennials living in the basement and never being able to buy their own home has proved to be unfounded. The largest demographic group […]

Read full story Comments { 0 }
house picket fence

Too Big? Too Small? How To Find The House That’s Just Right

In the market for a new home? How do you know what size home is right for you? Too small, and you have to worry about feeling cramped and out-growing your new digs too quickly. Too big, and you’ll be  paying for space you don’t need, not to mention feeling lost in a maze of […]

Read full story Comments { 0 }
sinking home

Will The New Tax Bill Sabotage Northern Home Prices?

A quick read of the new tax bill shows that residents in high tax states like New York, New Jersey and California will lose out next year. Some of the new tax provisions may even prompt them to pack their bags and move elsewhere. Worse, those who stay behind may find their home values knocked down […]

Read full story Comments { 0 }

Irma Just A Bad Memory? Don’t Forget The Lessons Learned

Hurricane Irma seems like it was years ago, but take a moment to ask yourself if you’re ready for next year. Delray Beach insurance agent Mark Rindom and I spoke with journalist Kim Lankford of Kiplinger about flood insurance. Yes, we know it isn’t a sexy topic, and it’s the last thing on your mind […]

Read full story Comments { 0 }