Veronica Dagher
speaker
3,082 appearances
51 recordings
1 series
first heard Sep 2017
last heard Jan 2025
Veronica Dagher’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Why Downsizing Your Home Isn’t the Money Move It Used to Be · 13 Oct 2023
podcast
There's a whole section of folks who actually want a bigger home.
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Some of these folks are finally able to afford their dream home, their perfect home that they've been waiting to purchase all these years.
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And then other people are on the opposite side of this.
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They would like to downsize, but they can't.
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They need to stay in their larger home or buy one even bigger because they have to accommodate their adult children who are unable to afford their own place in this housing market.
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And so what we're seeing is a lot more multi-generational housing situations these days.
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There is, for sure, especially if your home equity has grown significantly over the past few years.
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And for many retirees, that is exactly what happened.
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Home values have really gone up so much, making people's homes a lot more valuable than they were just, you know, five, ten years ago.
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And so for those who have lived in the same home for decades, if you go to sell, you could face some really significant capital gains taxes.
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And so some people are saying, you know what, I want to leave something to my kids.
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I don't want to get hit with a big tax bill now.
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I'm just going to stay in this home for as long as I can.
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And then hopefully I'll pass away in this home.
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And then all this can go to my kids at a much more favorable tax rate if they have to pay taxes on it at all.
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All of these things are making it a tough time for homebuyers who are already stressed by the lack of inventory out there to buy and also home prices in general haven't backed off much in many places in the country.
Mortgage rates are influenced by what the Federal Reserve says about inflation.
And while the Fed doesn't directly set mortgage rates, their comments about the heat or lack of heat in the economy do influence mortgage rates.
Mortgage rates are more closely tied to the 10-year Treasury yield, and that's remained high despite promising inflation data and expectations from the Fed that rates will ease.
It's a tricky time for buyers because we're in a situation where the difference between mortgage rates and the 10-year yield has been larger than usual.
Showing 821–840 of 3,082 · page 42 of 155
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