Mindblown: a blog about philosophy.

Mortgage interest tax deduction available if itemizing, benefiting homeowners in tax year 2023. Recent tax law changes may affect eligibility for mortgage interest deduction.

HB 2570 lacks affordable housing provisions, Governor urged to veto Arizona Starter Home bill. Key stakeholders excluded, bill fast-tracked without proper debate, undermining local oversight.

1. Is hybrid really working? Hybrid work needs refinement for productivity and comfort, balancing office and remote needs. 2. Will AI go from hype to habit? AI's potential in Real Estate prompts a shift from hype to strategic integration and regulation awareness.

Fed likely holding rates steady in March meeting, keeping mortgage rates around 7%. Experts predict mortgage rate drop later in 2024, possibly due to falling inflation.

1. Boost your credit score:: – Even a small increase can save you thousands on interest over the loan term 2. Check and improve credit: – Strategies include midmonth payments and maintaining a low credit-utilization ratio.

Americans now need an annual income of ~$106,500 to comfortably afford a typical home, a significant increase from $59,000 in 2020.Home ownership is considered affordable if housing costs, including mortgage payments, are no more than 30% of pre-tax income.

Seller's Closing Costs: Average about 1.2% of the home's sale price in Arizona, not including commissions. Real Estate Agent Commissions: Typically 5-6% of the sale price; negotiation possible; median Arizona price is $432,100. Market Variability: Commissions depend on the sale price; vary across Arizona, e.g., $444,990 in Phoenix.

Phoenix boasts the smallest gap between owning and renting, with a difference of $87/mo. The median monthly cost of a mortgage in Phoenix sits at $1,703.

Realtor.com predicts a challenging housing market due to low inventory and high mortgage rates. The gap between housing supply and demand is widening, especially for single-family homes. Multifamily housing offers more affordable options. Closing the gap would require a significant increase in construction, which may not be feasible. Continue to full article