FHFA reports that home prices have increased by 6.3% compared to last year.
The most recent Federal Housing Finance Agency’s House Price Index (HPI) report shows a 6.3% increase in home prices between January 2023 and January 2024. Additionally, the seasonally adjusted monthly index for January rose by 0.1% from December. The FHFA HPI is a comprehensive collection of house price indexes that track changes in single-family home […]
The proportion of new home sales completed in cash increased significantly in the third quarter of 2023
According to recent analysis conducted by NAHB’s Eye on Housing, the proportion of all-cash sales in the new home market significantly increased in the third quarter of 2023, while the share of VA-backed sales declined by almost half. The report also highlights that although cash sales only make up a small portion of new home […]
NAR’s Yun Advocates for Capital Gains Tax Cut to Benefit Small Investors
According to the National Association of Realtors (NAR) Chief Economist, Yun, small investors, commonly referred to as “mom and pop investors,” would greatly benefit from a reduction in capital gains taxes. Yun suggests that lowering capital gains taxes would provide these investors with increased opportunities to grow their investments and generate higher returns. By reducing […]