Michael Kolomatsky

Thanks to huge increases in values, with home sellers making double or triple what they paid, more sales are triggering the capital gains tax.A large tax exemption enjoyed by many American home sellers for the past 27 years has been losing steam recently, according to a new study by CoreLogic.IRS rules allow couples to avoid

A study suggests that Gen Z has it better in the housing market than the millennials who came before them.Homeownership has been a touchy subject for Gen Z, as the generation compares its housing fate with that of the millennials who came before them. But have rising housing costs really been harder on Gen Z

If paying taxes every year makes you think about moving, consider the state and local tax burden, which varies from state to state.Tax Day — April 15 — is looming in the United States. While federal income taxes apply everywhere, state and local taxes vary state by state. The differences in the total tax burden

Sales of luxury second homes increased in many U.S. markets last year. If you want see some of the priciest, head to Rhode Island.It’s hard enough buying a first home these days. Who on Earth is out there buying a second one? The wealthy, mostly: In 2023, sales of luxury second homes increased in many

Real estate taxes on single-family homes increased about 24 percent from 2019 to 2023.The median price for a single-family home in the United States rose about 40 percent from 2019 to 2022, peaking at $480,000 before receding to about $417,000 at the close of 2023. The higher home prices have led to higher property taxes,

Many U.S. homeowners are staying put rather than selling, even if they’d prefer to move. These days, renovating may be a better bet.If you bought a home before mortgage rates shot up to their current levels, congratulations — you’re probably paying much less each month than you would if you moved today and borrowed again.

More than a third of U.S. homeowners plan to stay in their homes forever, according to a new survey.As if it weren’t difficult enough to find a home to buy these days, a new study reveals that more than a third of all American homeowners plan to stay in their current homes forever.Researchers at This

Nationally, one-year rent increases have leveled out, but local conditions may vary.On the national level, rental rates have flattened over the past year — which is good news following the head-spinning increases of 2022 into 2023. But as Zumper’s February rent report points out, how much a renter should expect to pay in 2024 is

A study ranks U.S. areas for younger buyers based on metrics like availability, affordability, job opportunities and local culture.In a market with high prices, low inventory and high mortgage interest rates, no one faces a steeper uphill climb than first-time home buyers. Generally, they have lower incomes and are younger, meaning they’ve had less time

Hint: It’s where incomes are higher, not where rents are lower, according to a new study.Many of the growing contingent of renters would like to know just where their housing dollars stretch the furthest. A new study by RentCafe attempts to answer the question by comparing the median rent and the cost of utilities, food,