Trying to time the market can work about as well as using tea leaves to predict the future. This piece by Keeping Current Matters, shared with me by a friend in the industry, covers a few of the home-buying realities created by rising interest rates. It’s been made clear that rates will continue to rise within the U.S. However, the cost to rent will continue to rise as well. Keep in mind that interest rates should be a factor, but not the only factor, in the decision to buy or sell real estate.
Set up a free consultation to see how rates may impact buying or selling your own slice of Idaho.
Avoid Capital Gains Tax on Your Home Sale—Legally
One of the best financial and tax benefits of home ownership is the tax-free income you can earn when you sell the house. Those filing taxes as single can exclude up to $250,000 of income and it is $500,000 for those filing jointly. Whether you are using the funds to...