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Miami-Dade Seeks $2.5 Billion for Housing Crisis
Miami-Dade County is taking bold steps to tackle its severe housing crisis, proposing a $2.5 billion property tax-backed debt package. Mayor Daniella Levine Cava is at the forefront of this initiative, aiming to present the proposal to voters later this year. The largest portion of the funds, approximately $800 million, will be allocated to a […]
Indiana Real Estate Market: A 2023 Recap and 2024 Outlook
In 2023, the Indiana real estate market faced significant challenges, with sales declining by 14% compared to the previous year. The state also experienced a 25-year low in new listings, contributing to inventory constraints and a competitive market environment. However, as 2024 began and the spring selling season approached, there were signs of improvement. Mark […]
Navigating Tax Benefits for New Homeowners Amidst High Interest Rates
In the current real estate climate, characterized by soaring home prices, limited inventory, and rising mortgage interest rates, tax returns for new homeowners are taking on a new complexity. One of the key factors affecting these returns is the mortgage interest deduction, a valuable tax benefit that has undergone significant changes in recent years. The […]
Top Markets for First-Time Homebuyers
In today’s real estate market, characterized by soaring prices, limited inventory, and high mortgage interest rates, first-time home buyers face significant challenges. This group typically has lower incomes and is younger, often lacking the credit history and savings needed for a sizable down payment. However, there is encouraging news. A recent study conducted by Realtor.com […]
US Home Prices to Rise as Mortgage Holders Stay Put: Reuters
According to a recent poll conducted by Reuters, property experts predict a steady rise in U.S. home prices over the next few years. This projection is based on expectations of modest interest rate cuts by the Federal Reserve and a reluctance among existing homeowners to sell, holding onto favorable mortgage rates obtained during the pandemic. […]
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