News

Recent Inflation Causes IRS to Raise Tax Brackets & Standard Deduction by 7% The Wall Street Journal is reporting that due to rising inflation the IRS has adjusted the Tax Brackets & Standard Deduction for tax year 2023.  According to the WSJ, the 37% top marginal tax rate will apply to individual income above $ […]

Over 100 Zip Codes Switch From Homeowner to Renter Majority A recent report from Rentcafe says renting is at the highest level in half a century, with 43.7 million households currently living in rentals.  In addition, the report says that over the past decade, over 100 zip codes have switched from homeowner to renter majority. 

What’s the Best Halloween Candy? Halloween is upon us and most neighborhoods will soon see the inevitable flood of costumed trick-or-treaters!  So, what’s the best candy to hand out?   A recent survey by YouGov talked with kids ages 8-14 to find out what candies they preferred receiving on Halloween (of course, we all know

Buyers Prevented from Moving into Foreclosed Home by “Supposed” Renters According to a recent report from DC’s WUSA9, a couple in Maryland had a contract with a bank to buy a vacant foreclosed home, however when they went to move in there was a rental truck in the driveway moving someone else in.  When the

Home-Seller Profits Drop Across America According to ATTOM Data’s Q3 2022 U.S. Home Sales Report, profit margins on U.S. median-priced single-family home and condo sales decreased 54.6% as prices declined for the first time in nearly three years.  In addition, ATTOM says the drop-off in profit margins came as the median national home value dropped

Square Footage Is Now Worth Slightly More in the Suburbs Than Cities Redfin says space in suburban homes was worth more than space in urban areas for the first time since they started tracking this data in 2018.  According to their report, a typical home in suburban neighborhoods nationwide was worth $ 206 per square

Existing Home Sales Drop 1.5% in September The National Association of Realtors is reporting that existing home sales were down 1.5% in September to a seasonally-adjusted annual rate of 4.71 million (down 23.8% year over year).  Total housing inventory at the end of September was 1,250,000 units, down 2.3% from August and down 0.8% from

Local Market Monitor’s National Economic Outlook for October ’22 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook By Ingo Winzer October, 2022 The surge in home prices appears over, finally flattened by

Mobile Home Values Rising Nearly As Fast As Single-Family Homes A new report form LendingTree found that while mobile homes are generally far less expensive than their single-family counterparts, their values appreciated as quickly as single-family homes.  They got their conclusion by analyzing data from the 2021 American Community Survey in which they compared the

Heating Costs Expected To Tick up This Winter The prognosticators of weather say the U.S. will have a colder-than-average winter.  Combine that with recent domestic energy policy changes that have contributed to higher energy prices (not to mention recent world events) and you have a recipe for higher heating costs this winter.  Today’s chart from