Home sales and prices are still soaring #8212; and may keep it up, a possible new homeowner tax credit, a grim holiday retail season but some promising investments still there.
Today on Millionacres
Why it matters: While it#8217;s a great time to sell a home, for the most part, it makes it harder for real estate investors to find a deal. That won#8217;t be getting any easier if this sales pace continues, as the National Association of Realtors (NAR) predicts.
Why it matters: Millionacres#8217; Aly Yale says while there#8217;s no telling the future, there are some glimpses of what housing may look like in the new year, which can help guide investing strategy. She shares some here.
President-elect Joe Biden is proposing the First Down Payment Tax Credit, a refundable, advanceable credit worth up to $15,000 for qualified first-time homebuyers. Biden#8217;s intent is to make that money available when buyers seek to purchase a home; they won#8217;t have to wait until they file a tax