Posts Tagged ‘property tax’

Could Capital Gains Tax Reform Reduce Housing Supply?

Posted on December 06, 2017 by Laura Lam

While tax reform will impact everyone who works in mortgage finance to some degree, it may also affect potential homeowners and home sellers via reform to the capital gains tax.  Capital gains is a tax that may be levied when an investor sells an asset at a notable profit — selling a home may be an example of this type of taxable transaction. Data and analytics firm Black Knight did a deep dig into the tax reform.  One clear finding from Black Knight is that proposed changes to the capital gains exemption on profits from the sale of a home…

What Does the Average American Spend on Housing?

Posted on February 24, 2017 by Laura Lam

While the cost of college has climbed at an alarming rate over the past 20 years, there remains no purchase more significant — financially or, perhaps, emotionally — than a house. While some have rightly questioned whether the American Dream is worth pursuing, the fact remains that we all need a place to rest our heads at night. According to the Bureau of Labor Statistics’ (BLS) 2014 Consumer Expenditure Survey (CES), the average American household spends about $1,030 per month on rent or mortgage, inclusive of property taxes, insurance, and utilities (not including telephone). That’s roughly 21% of the average household’s income…