According to a recent Trend Report by Coldwell Banker Global Luxury, nearly 40%, or almost four out of ten, American millionaires plan to buy a property overseas within the following year. The survey polled over a thousand (1,053) U.S. consumers aged 18 and above, with a household income exceeding $1 million, between November 27 and December 11, 2023. The report also … [Read more...] about Almost 40% of American Millionaires Eye Homes Abroad
Housing Market
The American Dream of Owning a Home Feels Further Away Than Ever for Renters
There is some news hot off the press from the Federal Reserve Bank of New York, and it's not the greatest for those of us dreaming of owning a home, especially if we're renting. This survey they did? It's showing that buying a house has gotten a whole lot trickier. So, what's the deal? Let's dive in and find … [Read more...] about The American Dream of Owning a Home Feels Further Away Than Ever for Renters
More Americans Face Capital Gains Taxes on Home Sales
Selling your home can be a thrilling experience, unlocking new opportunities and potentially bringing a nice financial windfall. However, many sellers overlook a hidden tax implication: capital gains taxes. These taxes apply when you sell an asset, like your home, for more than you … [Read more...] about More Americans Face Capital Gains Taxes on Home Sales
Are Reverse Mortgages a Smart Financial Tool for Cash Strapped Seniors
Their home is a valuable financial resource for numerous Americans aged 62 and older. Yet, as retirement nears and savings decrease, some seniors might encounter financial difficulties. Reverse mortgages can help in these situations by letting homeowners get money from the value built up in their homes without selling … [Read more...] about Are Reverse Mortgages a Smart Financial Tool for Cash Strapped Seniors
A Cooling Trend in Florida Housing Market Despite National Uncertainty
Florida's housing market used to be hot, with houses selling fast. Now, things are changing. More houses are for sale and taking longer, so the crazy price increases might slow down. The housing frenzy is calming down, making things more … [Read more...] about A Cooling Trend in Florida Housing Market Despite National Uncertainty