Tag: housingmarketnews
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S&P Case-Shiller shows U.S. home prices up for fourth straight month in May
[ad_1] U.S. home prices rose for the fourth straight month in May, according to the S&P Case-Shiller index. A broader measure of home prices, the national index, rose month-over-month in May by 0.7%, but was down 0.5% over the past year. All numbers are seasonally adjusted. Nationally, year-over-year appreciation in May was down 1.7% though,…
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My brother and I will inherit our mother’s house. It’s appreciated in value by $700,000. Will we have to pay capital-gains tax?
[ad_1] Dear MarketWatch, I am the trustee for my mother’s revocable trust, and my brother is a backup trustee. When she passes, I plan to sell her house and distribute the proceeds. My younger brother currently lives in the house and takes care of her. I want to sell the house as it is very…
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U.S. home prices rise in April, signaling a recovery in the sector, Case-Shiller says
[ad_1] The numbers: U.S. home prices rose in April as the housing market remains frozen by a lack of for-sale listings. Homeowners’ unwillingness to sell is pushing up home prices, despite elevated mortgage rates. The S&P CoreLogic Case-Shiller 20-city house price index rose 0.9% in April, as compared to the previous month. Home prices were…
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We bought a 100-year-old home. We decided to renovate, but things took a turn.
[ad_1] Dear MarketWatch, We have a family home that is nearly 100 years old. My partner and I bought the home from our family for a discounted price, thinking we would build a new home on the property. We started the new build process in early 2020 and then the pandemic hit. We were able…
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My wife owns her mother’s home. Can she avoid capital gains tax if she sells?
[ad_1] Dear MarketWatch, Before I married my wife, she took out a mortgage on a home in El Paso, Texas so she and her mom could live in it. After we married, my mother-in-law stayed at the property and made the mortgage payments. She’s not in good health and my wife wants to sell the…
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A record number of homes are being built to rent. Does this hurt house hunters?
[ad_1] As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also…