Real Estate News 04/10/2024

Today’s News Synopsis:

The share of San Francisco sellers losing money on their home sale is sitting near its highest level in more than a decade, largely because prices have come back down to earth after skyrocketing during the pandemic.

In The News:

Redfin – “Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale, More Than Four Times the National Share“ (04-10-24)

“In San Francisco, the typical seller who’s parting ways with their home for less than they originally paid is losing $155,500. Nationwide, the median loss is roughly $40,000. .”

CNBC –  “‘What Biden’s new student loan forgiveness plan means for your taxes“ (04-09-2024)

“While forgiveness before 2026 won’t trigger a federal tax bill, borrowers could owe taxes on future debt cancellation, experts say.”

Yahoo Finance –  “Half of Zillow’s top cities for first-time homebuyers are in the Midwest” (04-06-24)

“Zillow ranked the cities based on rent affordability, the share of listings that a typical household can afford, expected competition for affordable homes, and the number of similar-age families living in the area.”

Money Talks – “The 10 Fastest-Growing Towns in America Today” (04-03-2023)

“Around 60% of all U.S. counties saw their population increase in 2023, according to the U.S. Census Bureau. That includes 58% of the 538 micropolitan areas of the nation.”

CNBC – “Consumer prices rose 3.5% from a year ago in March, more than expected” (04-10-2023)

“The consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely keeping the Federal Reserve on hold with interest rates.”