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Home sales worsen due to inventory, interest rates
This week, the National Association of Realtors announced that 2024 would likely be an even worse year for home sales than 2023. It could wind up as the worst since the late 1990s.
Existing home sales fell 1% in September to a seasonally adjusted rate of 3.84 million. That number is 3.5% lower than a year ago. Median existing home prices ...Read more
Mortgage company asks parent for detailed financial information to co-sign daughter’s loan
Q: My daughter is buying a home. The mortgage company wants me to submit a ton of information in order to be her co-signer. They want all pages of my bank statements for the last three months and my tax returns for the last two years. They also want my social security statement and a letter regarding how much I receive in social security ...Read more
Are there tax implications if someone declines inheritance?
Q: My husband died without a will. We have one son and when my husband passed, my son and I signed an agreement that said if I sold any of the properties, we’d both need to agree to the sale.
When I sold one of the properties that was in my husband’s name, the settlement agent made two checks in equal amounts to me and my son. My son ended ...Read more