Analysts expected Case-Shiller Home Price acceleration to slow modestly in May (the latest available data in this heavily lagged and smoothed data set) and they were right but the slowdown is still almost comedic.
Newsfeed: Case-Shiller Home Price Growth Slowed (Marginally) In May Read More »
Amid a plunge in homebuilder confidence, record low affordability, tumbling single-family starts and permits, and multi-decade lows in mortgage applications, it is no surprise that analysts expected a 5.9% MoM plunge in new home sales in June
The tax limits generally deductions for passive activity losses (PALs) from real estate unless you can qualify as a real estate professional. To measure up, you must be able to prove that you spent enough time on your real estate activities. In a new case, Sezonov, TC Memo 2022-40, 4/20/22, the taxpayer came up short, even with the Tax Court giving him the benefit of the doubt.
Newsfeed: Real Estate Professionals Must Put in the Time Read More »