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- NewsCNBC.com•1 hour agoSnowbirds: When it's time to sell your primary residence
Jan Dusold and her husband, Edward, originally bought a second home in Florida to live in for just half the year, spending the remainder in their hometown of St. Louis to be close to children and grandchildren. Not long after, the couple decided they liked their Punta Gorda lifestyle more, and the cost of owning the St. Louis home while they were away was adding up to the tune of $18,000 annually. Once, after several months in Florida, they came home to a slow sink leak that had damaged their home. They decided to sell and opt for a three-month furnished lease in their hometown once a year for a net savings of nearly $14,000. They'll invest the proceeds of the sale or possibly start a small business,
- NewsKiplinger•2 days ago9 IRS Audit Red Flags for Retirees
ThinkstockIn 2015, the Internal Revenue Service audited only 0.84% of all individual tax returns. So the odds are generally pretty low that your return will be picked for review. That said, your
- BusinessMarketWatch•2 days agoHousing’s big question — what will happen when buyers think 4% rates are ‘crazy’
‘Tis the season for authoritative forecasts about what to expect in the coming year, but given the enormous surprises that have rocked Washington, markets, and beyond in the past 12 months, MarketWatch decided to offer not predictions, but questions, about the housing market in 2017. What impact will higher mortgage rates have on the market? The average 30-year fixed-rate mortgage has jumped 76 basis points in the weeks since the presidential election, and most housing analysts think it’ll go even higher in 2017. Mortgage rates would have to be a lot higher before they really crimp a buyers’ ability to afford a home – Trulia chief economist Ralph McLaughlin estimates between 7% and 10% for many