Just over 15% of home listings were considered affordable in 2023: Redfin
Housing has become unaffordable for the majority of Americans. (iStock) Mortgage rates are finally starting to come down, but large parts of the country remain unaffordable. According to a recent report from Redfin. Only 15.5% of homes listed for sale in 2023 were considered affordable to the average U.S. buyer. This is the lowest share […]
Home buyers struggle in 2023, but homeownership rate could rise in 2024
Despite low inventory and high home prices, homeownership reached 66% in 2023. (iStock) The housing market struggled last year. Inventories in the market had already fallen sharply in the previous year, the lowest since the Fed began collecting data in 2016. According to economic data from the Federal Reserve. forever, Housing costs have skyrocketed The […]
73% of Americans still haven’t bounced back financially from the COVID-19 pandemic
The majority of Americans have not recovered economically from the coronavirus pandemic. (iStock) The coronavirus disease (COVID-19) pandemic continues to have a lasting impact on the health of Americans and beyond.According to Real Estate Witch, nearly three-quarters (73%) of Americans are facing financial hardship primarily due to the fallout from COVID-19. study Directed by Clever. […]
IRS waiving $1 billion in penalty taxes, will kick off 2024 tax season on Jan. 29
The Internal Revenue Service (IRS) announced that taxpayers can begin paying taxes on their 2023 earnings starting January 29. (iStock) The Internal Revenue Service (IRS) has waived nonpayment penalties for eligible taxpayers affected by the 2020 and 2021 collection notice suspension. This penalty reduction will benefit nearly 5 million taxpayers, resulting in an estimated $1 […]