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...
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...
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...