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New Priorities for Post-Pandemic Homebuyers

What do home buyers really want? The coronavirus pandemic has drastically changed day-to-day living, which has caused most people to rethink what they value and how they want to live. The shift in our collective culture caused by the pandemic means that people are prioritizing different things, and this is especially true for home buyers as they shop the post-pandemic…

Sell Your Home and Potentially Not Owe Capital Gains

Worth anywhere from hundreds of thousands to millions of dollars, your home is likely one of the most expensive things you own. It’s also one of the most lucrative sales you can make. If you take advantage of a seller’s market or make significant renovations to your home, you could make a significant profit by selling it. This profit…

Pandemic Leads to California State’s Emergency Rule on Evictions and Foreclosures

On Monday, April 6, the Judicial Council of California adopted an emergency order suspending eviction proceedings in the entire state of California during the state of emergency caused by the coronavirus pandemic. According to the emergency rule, almost all California evictions and foreclosures are now put on hold for the foreseeable future. California’s state of emergency was formalized by Governor…

Lenders Brace for Mass Mortgage Default

Mortgage Forbearance and the CARES Act The coronavirus pandemic has led to an economic crisis. On March 24, the Federal Reserve Bank of St. Louis predicted that unemployment in the United States will skyrocket to 32%, a point higher than the unemployment peak of the Great Depression, during which the highest rate of unemployment was 24.9%. Income loss due to…

The Coronavirus Aid, Relief, and Economic Security Act

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), passed on March 27,2020 with the purpose of providing relief and support during the coronavirus pandemic in the United States as well as abroad, is a substantial, is an 880 page bill passed into law by the government to relieve some of the economic strain created by the coronavirus pandemic….

How The Cares Act Affects Employment

Assistance for both employers and employees alike is present within the CARES Act in an effort to alleviate some of the pressure that businesses and their employees are facing. The CARES Act and the Self-Employed Individuals who are self-employed experience unique trouble with unemployment during the coronavirus pandemic. While the self-employed may also find themselves out of work in light…

CARES Act Affect on Taxes

Here are some of the ways that the CARES Act impacts taxes: CARES Act Tax Highlights Individuals with retirement accounts, including IRAs, can take early withdrawal on those accounts equaling or up to $100,000. Choosing to take early withdrawal on a retirement account at this time means not paying a 10% withdrawal penalty. The funds can be recontributed over a…

How does the CARES Act help small businesses?

With drastic measures in place to combat the spread of COVID-19 and flatten the curve, one of the most negatively affected groups in the U.S. economy is small businesses. Although small businesses may be struggling through the current crisis, the CARES Act looks to alleviate some of the stress they face, namely through increasing the role of the Small Business…

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