To gauge the government’s stance on home loan interest rates in Budget 2024, homebuyers and industry experts should closely monitor official statements, policy announcements, and economic indicators, says Atul Monga, CEO and Co-founder, Basic Home Loan. In an interview with MintGenie, Monga said that reviving expired incentives, such as tax breaks, is crucial for affordable housing.
Capital-gains taxes occur when you sell an asset, like your home or a stock. They are paid to both the state and federal government. The government collects a percentage tax on the gain or profit of the asset while in your possession. As you think ahead to tax season, understand that taxes on capital gains were lowered
China will offer more bailout loans for its struggling real-estate sector with the first funds expected to become available in the coming days, its housing ministry said Friday, in the latest move to help kickstart stuttering growth. Troubles in the property industry have been one of the main headwinds facing the world’s second-largest economy, with
An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China’s financial institutions should provide strong support to the country’s beleaguered real estate sector and not “blindly withdraw” financing for projects facing difficulties, according to a senior Chinese financial regulatory official. His strongly worded comments follow the
Fannie Mae has announced an update to its HomeReady mortgage product that could save certain borrowers thousands of dollars on upfront homebuying costs – but this offer is only available for a limited time. In a lender letter issued Wednesday, the mortgage giant unveiled a temporary $2,500 credit for low-income homebuyers that can be used
Published: Jan. 25, 2024 at 12:01 p.m. ET U.S. mortgage rates rose to the highest level in six weeks, but have stayed well below 7%, offering some stability to home buyers. The 30-year fixed-rate mortgage rose and averaged 6.69% as of January 25, according to data released by Freddie Mac FMCC on Thursday. It’s up
If you were priced out of the housing market in 2023, you might have better luck finding an affordable home in 2024. Mortgage rates are expected to decrease by nearly 1% by year’s end — from 6.6% down to as little as 5.75% — according to recent housing forecasts. That’s good news for buyers, as
of the contract agreement is complete. getty Is owning a house a risky investment? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Marco Giacoletti, Assistant Professor of Finance at University of Southern California, on Quora: Owning a home is
SAN ANTONIO – In just a couple of weeks, Broker Associate David Anderson said he feels confident about the 2024 real estate market. “It’s going to be a very solid market,” Anderson said. “Everything that went was going wrong at the beginning of 2022 is going right in 2024.” After a year with historic highs
Castaic Studios LLC v. Wonderland Studios LLC Facts: A property owner enters a license agreement with a user granting them occupancy of a portion of their property. The agreement states the owner retains the legal right to possession and the occupancy is governed by contract law, not landlord-tenant law. The occupant defaults and the owner