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Did You Know?
Inflation inflates everything..... including the size of deductions! For 2025, single filers can earn up to $48,350 in taxable income — $96,700 for married couples filing jointly — and still pay 0% for long-term capital gains. Long term capital gains tax rates for 2025 for single filers earning between $48,351 to $533,400 is 15% and 20% for $533,401 or higher. Those married and filing jointly its 15% for $96,701 to $600,050 and 20% for $600,051 or higher. Singles selling a home still get the $250k exemption and married couples $500k. Those who rent to invest their capital do not benefit from this. (CNBC)
Did You Know?
US Inflation is about at the Fed’s 2% annual target in September, even as the monthly pace of price growth ticked higher:
- The 2.1% rise in September PCE was the smallest annual increase since early 2021, compared with 2.3% in the year through August, rising 0.2% in September, versus a 0.1% rise in August.
- Core PCE index (excludes food and energy) gained 0.3% in September, an acceleration from its 0.2% increase during August, a 2.7% YOY gain. 0.17% Monthly inflation is consistent with the Fed’s 2% annual target.
- A 2% decline in energy prices in September alone—and 8.1% from 2023—helped bring down the PCE price index. Food prices were up 0.4% in September, but only 1.2% higher than in 2023.
Did You Know?
It is estimated that around 11,000 political groups spent $14.7 Billion to influence the 2024 Election....that is about enough money to build 36,750 $400,000 homes.....
Did You Know?
Gen Z - those aged 18 to 29 - are carrying $1.12 trillion of debt, according to the Federal Reserve Bank of New York. This only makes up 6.3% of the total $17.8 trillion in US consumer debt. Their debt has been fueled by sky-high rents, soaring college costs, higher inflation and the Covid-19 economic downturn.
Did You Know?
If the Fed decides to become aggressive and cut rates faster than expected, it could trigger what’s known as a mortgage “refi wave” ...when people pre-pay their mortgages en masse during a relatively short period. All that pre-payment activity during a relatively short amount of time can create disruption. In the capital markets, new issuance rises as older bonds are retired either partially or in full, leaving investors flush with principal that needs to seek reinvestment opportunities. Prepayment risk management is one of the most important factors that investors concern themselves with when valuing Mortgage backed securities. (CNBC)
Did You Know?
If the US currently produces about 10% more oil than it did 5 years ago, yet the oil price is 17% higher today, does producing more lower prices in global markets? Thankfully housing is more localized, so chances are raising inventory - building more - SHOULD lower prices....
Did You Know?
Housing mortgage rates are expected to continue trending lower, stimulating more housing activity. Single-family homebuilders are set to continue outperforming as mortgage rates decline. (J P MORGAN)
Did You Know?
The “Emerging Trends in Real Estate” report from Price Waterhouse Coopers and the Urban Land Institute identified Dallas as the top market for real estate investment in 2025. Dallas last had the top ranking in 2019 and has stayed in the top 5 since. (NBC)
Did You Know?
The operating profits of surveyed food and beverage retail stores rose from $14 billion in 2019 to $25 billion in 2023, a 79% increase, reflecting a higher profit margin applied to a higher level of operating expenses. Food prices are up about 25% since pre-pandemic fueled mostly by supply chain issues, rising wages (average for a grocery worker is $16/hour, about $33k per year) the Avian flu (almost 100 million chickens and turkeys killed), and the Ukraine war. (Federal Reserve Bank NY)
Did You Know?
A growing number of wealthy Americans are making plans to leave the US in the run-up to Tuesday’s election: many fear political/social unrest regardless of who wins, according to immigration attorneys. The top countries for Americans looking for residency or second citizenships include Portugal, Malta, Greece, Spain, Antigua and Italy. Arton Capital, which advises the wealthy on immigration programs, found 53% of American millionaires say they’re more likely to leave the U.S. after the election, no matter who wins. 😳😳😳 (CNBC).
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