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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2613)

11/27/2017 9:27:14 PM

From: Riskmgmt

1 Recommendation

Recommended By
John Pitera

Read Replies (1) | Respond to of 2722

U.S. New-Home Sales Unexpectedly Rise to Highest in a Decade
bloomberg.com
Highlights of New-Home Sales (October)

Single-family home sales rose 6.2% m/m to 685k annualized pace (est. 627k), the highest since Oct. 2007, a revised 645k rate
Purchases in the South increased for a third month, to the fastest pace in 10 years
Median sales price increased 3.3% y/y to $312,800
Supply of homes at current sales rate fell to 4.9 months, the smallest since July 2016, from 5.2 months; 282,000 new houses were on market at end of October

To: John Pitera who wrote (2613)	12/20/2017 4:55:52 PM
From: Riskmgmt	1 Recommendation Recommended By John Pitera Respond to of 2722

John, Kiss (keep it simple Santa) Forget all the fancy stuff- this without doubt the best gift the IRS gives you. Tax free 1/4 of a million, 1/2 a million if you are married. Capital gains exclusion: Home sellers can exclude up to $500,000 for joint filers or $250,000 for single filers for capital gains when selling a primary home as long as the homeowner has lived in the residence for two of the past five years. An earlier proposal would have increased that requirement to five out of the last eight years but it was struck down We dodged a bullet! Anyone who doesn't take advantage of this is, missing the best Christmas gift ever. Wishing you all the best of Holiday Cheer. R