Silicon Valley Real Estate Market News 3-9-2023
Here's the weekly round-up of news. Check it out, save it for later, and/or share it with your friends.
- “More Homes on the Market Act,” reintroduced by House Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA). increases the capital gain exclusion amounts on the sale of a principal residence to $500,000 for single filers and $1 million for joint filers and indexes the exclusion for inflation. READ MORE
- Market Minute Write up… While the Fed’s hawkish interest rate policy was expected to slow the economy and inflation, recent data continues to suggest otherwise. Despite the ISM services index slowing from the previous month, the service sector still expanded and is keeping pressure on prices. The labor market remains tight and is still not showing signs of deterioration with new weekly jobless claims remaining under 200,000 for the seventh consecutive week. READ MORE
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