Puerto Rico is rich in culture and history and filled with natural beauty. It is also home to the biggest tax break you've never heard of, Act 60." What Is Puerto Rico Act 60? Act 60, in the simplest terms, is game-changing legislation that will have you saying “ adiós” to federal and state income taxes. On July 1, 2019, the Government of Puerto Rico consolidated all of its tax incentive laws...

Although data suggests that inflation is softening, increases in housing costs, which account for a large share of inflation, remain significantly high, mainly due to low inventory relative to demand. As a result of high inflation, the Federal Reserve will continue to jack up interest rates at a fast pace. Although the Fed forgo a hike at its meeting of policymakers last month we expect rate hikes to...

If you are waiting for interest rates to go back into the 3.x% from 2 years ago, you may be waiting for a very long time. Although some forecasters predict that rates will decline over the next 12 months, they do not see rates going below 5% any time soon. Even if the Fed gets inflation under control. This is our new reality, our new normal and something we will have to come to accept. This will...

Four Federal Financial Regulatory Agencies finalized a policy on how to handle commercial loan accommodations and workouts for financially troubled firms. Checkout this...

Interesting that the ratio from home buyers to homes is 2:1. This means that demand for housing will continue to remain high in the near future. The above combined with high interest rates means that there are a lot of folks unable to afford a new home. Even when new construction surged 21.7% in May, my perception is that these new constructions are not for small affordable housing, but for homes with...

If you live in Florida and confused about Flood Insurance, this article provides some clarity into this issue. Checkout this...

This is how you start to create stability and provide a means to impact house pricing. We are starting to see gradual improvement in single family new home starts. This will increase inventory in the marketplace and with the Fed's apparent slow down in interest rate hikes, this could stabilize mortgage rates. With the lack of inventory for resale, this will provide much needed inventory into the...

Many think the real estate market is cooling down, however, buyers are still actively pursuing first time home purchases regardless of the high interest rates. This combined with low inventories, continue to support current market prices. The right moment to purchase the home of your dreams is when you find it. Interest rates will come down over time and you will have the option to refinance. Waiting...

This is something every homeowner who uses a portion of his home as a business office or rents rooms on their home should be paying attention to as this could result in steep bills for back taxes and penalties and potential loss of their homestead exemption. Checkout this...