Last week's economic news included Federal Reserve Chair Jerome Powell and weekly readings on mortgage rates and new jobless claims. Fed Faced with Public Mistrust of Institutions Federal Reserve Chair Jerome Powel said in a speech to a group of teachers that the Federal Reserve is paddling against a current of public mistrust of the institution. Mr. Powell assured his audience that the Fed was "working in a non-political way" to support the economy. Mr. Powell said that the Fed was working to … [Read more...]
How To Cut A Great Deal On A New Home Construction
Savvy home buyers often get great deals on new home constructions by asking for deals and discounts and doing some up-front research. Home builders often dislike offering steep discounts in sales prices because they want everyone in the community to feel like they bought their property at a fair price. Maintaining sales prices also helps with future home appraisal values. It helps all of the buyers in a neighborhood to keep sales prices consistent and growing. Fortunately, you can … [Read more...]
3 Ways Tax Reform Affects Your Real Estate Investments
The Tax Cuts and Jobs Act of 2017 instituted some of the most dramatic changes to the financial landscape in the United States in over 30 years. These adjustments to the IRS code have an effect on everyone who earns and spends money in this country. What changes can real estate investors expect to see from the new legal standards? Higher Standard Deduction, Less Itemized Deductions Before the reforms, single tax filers were allowed a standard deduction of $6,350. Married couples filing jointly … [Read more...]
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