TCJA, HELOCs, Tax Deductions, and You
The 2018 Tax Cuts and Jobs Act (“TCJA”) altered the rules surrounding tax deductions on home equity lines of credit (“HELOC”); many people leverage their home equity to liquidate assets, using their property...
Read Full PostPending Home Sales Decrease due to Low Inventory, But Housing Market Remains on Right Track
According to the National Association of Realtors (“NAR”), the index measuring pending home sales (by tracking the number of real estate contracts signed but have not closed) has been dropping since August 2020;...
Read Full PostMortgage Rates Increase for Fourth Time in Six Weeks, Mortgage Applications Slow Down, but Housing Market Still Red Hot
Last week, according to the Mortgage Bankers Association (“MBA”), applications for new homes dropped by roughly 5% from the prior week. Simultaneously, the average loan reached a 30-year high; the average loan c...
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