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01 Jul 2024

What’s Ahead For Mortgage Rates This Week – July 1st, 2024

Financial ReportsFinancial Report, Jobless Claims, Mortgage Rates

Following the release of key data such as the FOMC rate decision and CPI and PPI inflation reports, only the PCE Index reports remained to set the course, which are coming in well within expectations. The Consumer Confidence Report is also a significant concern since it influences broader economic decisions when consumers hesitate to spend, usually due to rising living costs. Consumer Confidence Report Consumers were slightly more optimistic about the economy at the end of June, but the effects of high inflation in the past few years still weighed on their minds. The final reading of the consumer sentiment…

Green Features to Look for When Buying a Home

Real EstateEco-Friendly Homes, Energy Efficiency, Green Living

When shopping for a new home, it's important to consider not just the aesthetics and location, but also the environmental impact of your future residence. Green features in homes are becoming increasingly popular, not only for their benefit to the environment but also for the cost savings they can provide over time. Here are some key green features to look for when buying a home: 1. Energy-Efficient Appliances One of the easiest ways to ensure your new home is eco-friendly is by checking for energy-efficient appliances. Look for the ENERGY STAR label on refrigerators, dishwashers, washing machines, and other major…

Understanding the 1031 Exchange for Real Estate Investors

Investment Properties1031 Exchange, Tax Deferral, Wealth Building

Navigating the world of real estate investment can be complex, but one of the most valuable tools for savvy investors is the 1031 exchange. Named after Section 1031 of the Internal Revenue Code, this strategy allows investors to defer capital gains taxes on the sale of an investment property by reinvesting the proceeds into a similar property. Here’s a breakdown of what you need to know about the 1031 exchange. What is a 1031 Exchange? A 1031 exchange, also known as a like-kind exchange, is a swap of one investment property for another that allows capital gains taxes to be…