September 2025

  • U.S. Imposes Tariffs on Imported Cabinets and Furniture: What It Means for Homeowners

    The US Government is applying 50% tariffs/import taxes on imported kitchen cabinets, bathroom vanities, and associated products and 30% duties on imported upholstered furniture…..which may not help housing affordability. (COMPASS) 9/27/2025

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  • NYC Heat Season: The Law, The Fines, and What Landlords Must Do

    Key Legal Requirements in NYC In New York City, heat and hot water are considered essential services under the Housing Maintenance Code and related statutes. Here are the main obligations landlords must meet during Heat Season (October 1 to May 31):  Time Period Condition Required Interior Temperature Day (6:00 AM – 10:00 PM) when outdoor temp < 55 °F Outdoor is cold…

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  • The SALT Deduction Isn’t Dead—But It’s Practically Irrelevant

    The SALT deduction is limited to an extremely small group of people: Before 2018 when the tax policies were revised, the SALT deduction — including state and local income taxes, and property taxes — was unlimited. But the alternative minimum tax reduced the benefit for some wealthy homeowners.You must itemize tax breaks, rather than claim…

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  • Home Loan Refinancing Surges 58% in a Week as ARM Activity Hits 15-Year High

    Applications to refinance a home loan jumped 58% last week compared with the previous week and were 70% higher than the same week one year ago. The ARM share of mortgage activity increased to 12.9% of total applications, its highest level since 2008. The average loan size on refinances reached its highest level in the…

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  • A Window of Relief: Surviving Spouses and the $500K Home Sale Tax Break

    Surviving spouses can still take the entire $500,000 capital gains tax exclusion as long as they sell the home within 2 years of the death of their spouse. (WSJ) 9/14/2025

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  • From Home to Investment: A 1031 Exchange Could Save You Thousands

    If you rent your house rather than sell it, it becomes a business property. Selling via a 1031 “like-kind” exchange, allows you to defer the gain, rather than pay taxes immediately. Ultimately, when you sell the replacement property, you’ll be liable for capital-gains taxes then—unless you pass away, which allows your heirs to inherit the…

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  • Modern American Dream

     A recent survey determined the 8 pillars to achieving the “AMERICAN DREAM” are: being able to retire comfortably, being able to afford quality healthcare, raising a family, owning a new car, going on vacation every year, caring for pets and having a wedding….and 85% said owning a home.  (USA TODAY) 9/3/2025

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