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What are the potential home equity and tax strategies for wealthy seniors?

Housing Wire

It depends on an individual’s tax bracket and their priorities, but there are several options for higher-net-worth individuals,” Resch said. But the 2017 Tax Cuts and Jobs Act (TCJA) is also scheduled to sunset at the end of 2025 unless Congress acts to either extend or replace it.

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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

Our best guess is that any changes to the commission structure are more of a mid-year second half type of event that doesn’t really start to show in the numbers until 2025,” Tomasello said. The good news is that we can bracket the financial impact and they can absorb it, and I think that’s good news.

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What the Biden tax plans mean for the housing market

Housing Wire

There was also no mention of changes to individual provisions (including the lowered MID cap and the SALT limitation) from the TCJA that will sunset after 2025. No changes were proposed for the capital gains exclusion on primary residences. As part of the AJP, the administration is proposing to invest $213 billion in affordable housing.