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With low inventory, house hunters are in full safari mode

Housing Wire

The Leading Indicator of Remodeling Activity, or LIRA, a measure developed by Joint Center for Housing Studies at Harvard University , seems to support Mohan’s assessment, showing that year over year “expenditures for home improvements and maintenance will post a modest decline of 2.8% through the first quarter of 2024.”

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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Between the launch of FHA in 1934 and when President Lyndon B. GDP, roughly $3 trillion.

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Features That Can Make Or Break The Value Of Your Home

Lamacchia Realty

In-Law Apartments How this can Increase Value: A well updated and cohesive In-law apartment is very attractive to buyers who are looking for one. However, it needs to be cohesive and not take away from the home’s overall appeal. This is one of the few home improvements that can increase the value as the years pass.

Law 67
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Study: ADUs Can Add 35% to Home’s Value

Empire Appraisal Group

Study: ADUs Can Add 35% to Home’s Value. Accessory dwelling units, also known as granny flats, in-law suites, or garage apartments, have been on the rise since the pandemic. ADUs are growing at a rate of 9% or 100,000 per year, according to a new analysis by Porch.com, a home improvement site.

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Tax Implications of Selling your Home

Lamacchia Realty

You can figure out your capital gains by using this formula: subtract what you originally paid for the property from the selling price (but also make sure you’re considering any home improvements or extra expenses from the sale). These taxes can vary depending on the state’s tax laws and how long the property has been owned.

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5 Features That Can Make Or Break The Value Of Your Home

Lamacchia Realty

It is also a risk many home buyers wouldn’t want to take if they have young children. In-Law Apartments. Increase Value : A well updated and cohesive In-law is very attractive to those looking for one. It needs to be cohesive and not detract from the home’s overall appeal. To that group, it does add value.

Law 67
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Maximizing Tax Advantages of Owning a Home

Eppraisal

Capital Gains Exclusion Another key tax advantage of owning a home is the ability to exclude a portion of capital gains from the sale of your primary residence. This deduction allows homeowners to access the equity in their homes at a lower cost, as the interest paid on these loans is typically tax-deductible.