Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

MortgageReal Estate

Mortgage-interest deduction endangered in Trump’s tax reform

Talks bring new wave of uncertainty

House Republicans have proposed tax reform that would make the mortgage-interest tax deduction irrelevant for most Americans, according to an article by Ciro Scotti for The Fiscal Times.

The Better Way tax reform would not remove the mortgage interest deduction, but would make it less attractive for the majority of taxpayers to claim.  

From the article:

The specific language in the Better Way says: “This Blueprint will preserve a mortgage interest deduction for homeowners. …For those taxpayers who continue to itemize deductions, no existing mortgage will be affected by any changes in the tax code. Similarly, no changes will affect re-financings of existing mortgages. But just as importantly, because of the other provisions included in the new tax system, far fewer taxpayers will choose to itemize deductions, with the vast majority of taxpayers finding they are better off by taking advantage of the larger, simpler standard deduction instead.”

Even with Republicans controlling the House and Senate, the new reform could still be difficult to accomplish, according to the article. And  housing experts such as the National Association of Homebuilders, the Mortgage Bankers Association and the National Association of Realtors are responding to what they say is an “indirect threat” to the mortgage-interest deduction and the housing industry, according to the article.

NAR Chief Economist Lawrence Yun even went as far as to say that this new proposal could derail the housing recovery, according to the article.

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3d rendering of a row of luxury townhouses along a street

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