Month: February 2018

What could make divorces more contentious? The new tax law – Chicago Tribune

Soon new ex-spouses won’t be able to deduct alimony from their taxable income; divorce attorneys warn that could add bitterness to an already sour process. Ally MarottiContact Reporter – Chicago Tribune Divorcing couples may have a harder time settling their finances beginning next year due to a change in federal tax law, and attorneys warn that could …

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Divorce: Investing Your Financial Settlement

Rob Clarfeld , CONTRIBUTOR Opinions expressed by Forbes Contributors are their own. From a financial perspective, not much good comes from a divorce. Invariably, two households need to be supported from the same pool of income and assets that existed when the couple was married.  Although both parties need to adjust to their post-marriage financial realities, generally, the …

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Existing-Home Sales Suffer Biggest Annual Drop In 3 Years — Before Mortgage Rates Jumped | Stock News & Stock Market Analysis – IBD

ED CARSON – 2/21/2018 Existing-home sales fell 3.2% to an annual rate of 5.38 million last month, the National Association of Realtors said Wednesday. Economists had expected home resales at an annualized pace of 5.65 million. January’s numbers represent the slowest sales pace since September, while the 4.8% year-over-year decline was the worst since August 2014. Existing …

Existing-Home Sales Suffer Biggest Annual Drop In 3 Years — Before Mortgage Rates Jumped | Stock News & Stock Market Analysis – IBD Read More »

What Will Spiking Mortgage Rates, High Home Prices, And The New Tax Law Do To The Housing Market? | Seeking Alpha

Wolf Richter – Feb. 22, 2018 5:37 AM ET Surging home prices have primed the housing market for this. The average interest rate for 30-year fixed-rate mortgages with a 20% down-payment and with conforming loan balances ($453,100 or less) that qualify for backing by Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) rose to 4.64%, the highest …

What Will Spiking Mortgage Rates, High Home Prices, And The New Tax Law Do To The Housing Market? | Seeking Alpha Read More »

Post-Divorce Money Tips to Prepare for the Next Stage in Life – TheStreet

By Cindy Turkington The divorce papers have been signed and you are now single, over the age of 50, and completely in charge of your finances. Depending on whether you were involved in your family’s finances while you were married, you are probably either feeling confident about your financial situation, completely terrified or somewhere in between. …

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Mortgage applications tank, as rising rates make homes less affordable

The numbers are getting uglier for potential homebuyers and homeowners looking to save some money. Mortgage interest rates jumped again last week, causing mortgage application volume to fall 6.6 percent from the previous week. Volume was just 3.5 percent higher than the same week one year ago, according to the Mortgage Bankers Association. Diana Olick …

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New Tax Laws Make Experts Nervous About State of U.S. Housing Market – TheStreet

Much of corporate America is celebrating the GOP tax-reform law, but don’t count a significant portion of housing experts among them. ByTony Owusu – Feb 20, 2018 9:30 PM EST Forty-one percent of economists polled are worried about the housing market. Much of corporate America is celebrating the GOP tax-reform law, but don’t count a significant portion of housing experts among …

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How to Handle a Property Sale After a Divorce | The Mint Hill Times

BY ANNA GRANGER – February 21, 2018 Real estate transactions are not just about money. For most, buying and selling their home is a very emotional experience. When you add in the emotions of divorce, a property sale can become even harder. Here are a few tips to help you better handle a property sale after …

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