As we move further into October, the latest economic news offers critical insights for homebuyers and sellers. Staying informed on inflation, stock markets, and mortgage rates can help you make well-timed decisions in this evolving real estate market. Let’s break down what this week’s data means for you. Inflation Update: Cooling but Still Present This [...]
Dear Friends, Colleagues & Clients, Understanding how a home appraisal influences the selling price and mortgage amount is essential for anyone in the real estate market. Whether you're buying, selling, or refinancing a home, appraisals play a crucial role in determining the property's fair market value, directly impacting the loan amount you can secure. What [...]
Tax relief is available for people living in areas declared disasters by the Federal Emergency Management Agency. To find out if an area qualifies for disaster tax relief, check IRS news from around the nation. Affected taxpayers have more time to file and pay If people live at an address in an area that qualifies for [...]
Walgreens' new CEO Tim Wentworth says the pressure is on to develop new drug pricing models following a recent shift in the retail pharmacy market "to give patients the Cost Plus experience." "The plan designs the market has largely evolved to are creating this underlying demand to give patients the Cost Plus experience so that [...]
Former IRS Commissioner Mark Everson compares the efforts of the IRS to go paperless to the interstate highway system of the 1960s, when he was a child. "You would drive from New York, where we lived, and I-95 ended in Providence," he said in an interview with JofA. "You'd be doing great and then, all of the [...]
No one is saying that permanent whole life insurance is the greatest invention since the wheel was created. But this estate planning concept—which has seemingly been around since the dawning of time—does offer significant financial and tax benefits. Background: Although there are many variations of permanent whole life insurance, let’s stick with the basics. Typically, [...]
Maintain Regular Hours...Most of the Time Set a schedule and stick to it...most of the time. Having clear guidelines for when to work and when to call it a day helps many remote workers maintain a work-life balance. That said, one of the best benefits of remote work is flexibility when the job allows for it. [...]
Stock markets ended the week lower - Stock markets ended a multi-week winning. The Nasdaq had closed higher for nine straight weeks. The Bank of England raised rates by 1/2% which surprised economists. U.S. Federal Reserve Chairman Powell testified in Congress this week. He stated that further rate hikes would be necessary. These moves ignited recession [...]
STOCK MARKETS: Stock markets closed with mixed results this week. The Dow is down, the S&P is flat, and the Nasdaq is higher. 2023 is turning out to be a banner year for the tech-heavy Nasdaq. All markets were lower before rallying on Friday when President Biden told reporters that a deal to raise the [...]
Household debt rose to new levels in 20 years — jumping $394 billion in the fourth quarter of the year alone — driven by credit card balances and auto loans. A February 16 report from the Federal Reserve Bank of New York's Center for Microeconomic Data(opens in new tab), highlighted that U.S. household debt hit a [...]