10 $10 Ways to Bring Beauty Into Your Apartment

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Infused Water Recipes To Help You Hydrate & Detox In The New Year

Our favorite way to make an apartment feel like home is by decorating. There is no better feeling than coming home to a place that looks and feels exactly how you’d like it to. That being said, we know that apartment décor can get pricey. That doesn’t mean you have to sacrifice your personal style, though! There are plenty of ways to bring beauty into your apartment without breaking the bank. Below, find 10 ways for $10 (or less) to bring beauty into your apartment. From tidying tips to DIY projects, you’ll find something on this list that will make coming home feel even more special.

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Source: blog.apartminty.com

Few Retirement Account Limits Will Rise Next Year

Upset women with savings
Photo by Krakenimages.com / Shutterstock.com

Savers hoping to be able to sock away more money in retirement accounts in 2021 than they could in 2020 are out of luck.

Most contribution limits for common workplace retirement and individual retirement accounts, or IRAs, are subject to inflation adjustments. But for the 2021 tax year, none will budge.

The IRS announced Oct. 26 that the contribution limits for these accounts will not increase for 2021, meaning the year for which your tax return is due by April 2022.

Most income limits for IRAs — which determine whether and how much you can contribute to an IRA — will increase, however.

Contribution limits for workplace plans

For 2021, the base contribution limit for the following types of workplace retirement accounts will remain $19,500, the same as it was for 2020:

  • 401(k) plans
  • 403(b) plans
  • Most 457 plans
  • Thrift Savings Plan

The base contribution limit for Savings Incentive Match Plan for Employees (SIMPLE) retirement accounts also will remain the same: $13,500.

Catch-up limits for workplace plans

Each year, folks who are 50 or older can save more money in their tax-sheltered retirement accounts by also making additional contributions, known as “catch-up contributions.”

For 2021, the catch-up contribution limit for the following types of workplace retirement accounts will remain $6,500, the same as it was for 2020.

  • 401(k)
  • 403(b)
  • Most 457 plans
  • Thrift Savings Plan

This means that someone who is at least 50 years old could contribute $19,500 plus $6,500 to those types of accounts — for a total of $26,000 — in 2021, as was the case the prior year.

Contribution and catch-up limits for IRAs

The base contribution limit for individual retirement accounts remains the same as it has been since the 2019 tax year: $6,000.

The catch-up contribution limit for IRAs also remains the same, at $1,000. The IRS notes that this is because the catch-up limit for IRAs is not subject to an annual cost-of-living adjustment, unlike various other types of retirement accounts.

Income limits for IRAs

Income limits for IRAs will change for 2021. These limits determine whether you’re eligible to contribute at all to a Roth IRA and whether you can make tax-deductible contributions to a traditional IRA.

The income phase-out ranges for Roth IRA contributions will increase as follows for 2021:

  • Single and head of household tax-filing statuses: $125,000 to $140,000 — up from $124,000 to $139,000
  • Married couple filing a joint return: $198,000 to $208,000 — up from $196,000 to $206,000
  • Married couple filing separate returns: $0 to $10,000 — unchanged

This means that a single taxpayer, for example, who earns less than $125,000 in 2021 can contribute to a Roth IRA up to the full limit — $6,000 or $7,000, depending on his age. But if that taxpayer earns $125,000 to $140,000, he can contribute only a reduced amount. If he earns more than $140,000, he cannot contribute to a Roth IRA.

The income limits for tax-deductible contributions to a traditional IRA depend not only on your tax-filing status and income but also on whether you or your spouse is covered by a workplace retirement account. For specifics, see the bullet points in the IRS’ announcement.

Wondering how else traditional and Roth IRAs differ? Check out “Which Is Better — a Traditional or Roth Retirement Plan?“

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Source: moneytalksnews.com

5 Gorgeous Sofas You Will Love, All For Less Than $1,800!

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Infused Water Recipes To Help You Hydrate & Detox In The New Year

Decorating an apartment should be fun and exciting, but we know it doesn’t always go that way. Picking out your furniture and decor can become a daunting task, especially when you start looking at price tags. Furniture is expensive, and there really is no way of getting around that. That being said, there are some affordable options out there, and you won’t have to sacrifice your style. We’ve put together 5 of our favorite gorgeous sofas, ranging from sofa beds to sectionals. The best part? These beauties are all under $1,800. Happy shopping! 

Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.

Source: blog.apartminty.com

Start The Year Right With A No Spend Month

If you’re like most of the people in the country, this holiday season, you may have eaten and bought too much despite your best intentions.

The holidays are a time of excess, even if you try hard to avoid it.

Many people find January or February an ideal time to cut back and restore balance in their lives.

One perfect way to do this is to have a no spend month or a spending freeze.

Have a no spend month

Have a no spend month

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restore balance to my life.  One way to do that is to be more mindful of how I spend money and to use what I already have.

If you can’t have a no spend month in January, February is also a great month, plus it’s three days shorter than January.

How do you restore balance after the holidays?  Do you have a no spend month or a pantry challenge?

Source: biblemoneymatters.com

Homie’s Denver Housing Market Update January 2021

With the start of a new year, we can’t help but look forward to watching how the market changes throughout 2021. So how did the Denver market start out the new year? We’ve got your update!

Data from ReColorado from January 1, 2021 to January 31, 2021.

Monthly Sales

It’s common for the volume of sales to shrink during the month of January, and this year has been no different. With a 38% decrease from December, January monthly sales landed at 3,164. This is a 6% decrease from January of the previous year.

Graph of Monthly Sales

Data retrieved from ReColorado.

New Listings

New listings also experienced a year-over-year decrease, landing at 4,285. While this is a 12% decrease from the previous year, it’s a 29.6% increase from the previous month.

Graph of List Prices

Data retrieved from ReColorado.

Sale Price

In contrast to new listings and monthly sales, sale prices saw a significant year-over-year increase. The average sale price for a Denver home in January was $550,165, a 16% increase from this time last year.

Sales Price

Data retrieved from ReColorado.

Days on Market (DOM)

Even though there were fewer sales in January than there were last January, those sales are happening at much faster speeds. The average number of days spent on the market for a Denver area home in January was 26, which is a 19-day decrease from last January.

Graph of Days on Market

Data retrieved from ReColorado.

Turn to a Homie

Whether you’re ready to buy or sell, Homie has experienced, local real estate agents who are ready to find you what you’re looking for. These agents understand all the ins and outs of the Denver market, and they’ll lend you their expertise while you buy or sell your home. Click to start selling or buying and to get in touch with your dedicated agent.

Learn more about Colorado Real Estate

How to Buy a Home in Denver
How to Sell a Home in Colorado
5 Tips to Help You Afford Your First Home

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Source: homie.com

MBS RECAP: No Easy Answers Today; Still Anyone’s Game

Bonds were weaker earlier in the trading session but rallied back mid-morning before coasting mostly sideways into the close.  Bond bulls were frustrated by the inability to break the floor at 1.27-1.28% in 10yr yields.  Bond bears were frustrated by the clear unwillingness to explore new highs compared to yesterday.  In other words, it was an “inside day” with lower highs and higher lows, and part of a 2-day consolidation following the highest yields in 11+ months.  Such consolidations can be preludes to big bounces OR renewed selling pressure.  There weren’t any major clues in today’s session about which side is going to win.  

Econ Data / Events

  • Fed MBS Buying 10am, 1130am, 1pm

  • Jobless Claims 861 vs 765 f’cast, 848k prev

  • Import Prices 1.4 vs 1.0 f’cast, 1.0 prev

  • Export Prices 2.5 vs 0.7 f’cast 1.3 prev

  • Housing Starts 1.58m vs 1.658m f’cast, 1.68m prev

  • Building Permits 1.881m vs 1.687m f’cast, 1.704 prev

Market Movement Recap

08:41 AM

Treasuries started stronger in Asia as trading picked back up after Lunar New Year holiday closures.  Yields have been rising modestly since then and stocks have been sliding.  8:30am econ data passed without fanfare leaving 10yr yields 1.5bps higher at 1.297 and UMBS 2.0 coupons nearly an eighth lower.

10:57 AM

Bouncing back in the other direction now after AM weakness took yields to highs by 10:15am.  MBS had been down nearly a quarter of a point, but have bounced back by an eighth (down only an eighth now).  

02:54 PM

Friendly bounce continued, more so for MBS than Treasuries, but both are near unchanged levels currently.  Stocks recovered a bit as well, so we can continue to watch the “accommodation” trade (i.e. stocks and bond yields moving in opposite directions as the market reacts to changes in Fed policy potential.  This is far from the only game in town, but it could be a factor).

04:31 PM

Slight weakness heading into the after hours close, but not enough to make a case for any new momentum.  The takeaway remains equivocal with a clear rejection of the stronger levels, but no threatening move back to the weaker levels.  


MBS Pricing Snapshot

Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.

MBS

UMBS 2.0

101-30 : -0-03

Treasuries

10 YR

1.2970 : -0.0020

Pricing as of 2/18/21 4:41PMEST

Today’s Reprice Alerts and Updates

11:00AM  :  Reprice Risk Fading as Bonds Bounce

10:19AM  :  ALERT ISSUED: Negative Reprice Risk Increasing For Some Lenders

8:40AM  :  Little-Changed at Slightly Weaker Levels After Data


Economic Calendar

Time Event Period Actual Forecast Prior
Thursday, Feb 18
8:30 Export prices mm (%) Jan 2.5 0.7 1.1
8:30 Import prices mm (%) Jan 1.4 1.0 0.9
8:30 Building permits: number (ml) Jan 1.881 1.678 1.704
8:30 Housing starts number mm (ml) Jan 1.580 1.658 1.669
8:30 Philly Fed Business Index * Feb 23.1 20.0 26.5
8:30 Build permits: change mm (%) Jan 10.4 4.2
8:30 House starts mm: change (%) Jan -6.0 5.8
8:30 Jobless Claims (k) w/e 861 765 793
Friday, Feb 19
9:45 PMI-Composite (source:Markit) * Feb 58.7
10:00 Exist. home sales % chg (%)* Jan -1.5 0.7
10:00 Existing home sales (ml)* Jan 6.61 6.76

Source: mortgagenewsdaily.com

Existing Home Sales Hit 14-Year High in 2020

Sales of existing homes totaled 5.64 million units last year, the highest since 2006. So reports CNBC.

According to the National Association of Realtors, December existing home sales rose 0.7% from the prior month to a seasonally adjusted annualized rate of 6.76 million units.

Lawrence Yun, NAR’s chief economist, said in a press release, “What’s even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market.”

Read the full article from CNBC. 

Source: themortgageleader.com

Top Sales: Waterfront stunners were the must-have homes in January

Trophy homes sold like hotcakes to close out 2020, but Southern California’s luxury market was a bit quieter in the new year. January saw some surprising sales in unexpected places, with a home in Corona del Mar selling for more than any property in the Platinum Triangle of Beverly Hills, Holmby Hills and Bel-Air.

Here’s a closer look at the priciest deals that went down last month in Southern California.

$25.37 million — Santa Barbara

For the second straight month, Santa Barbara County had Southern California’s most expensive home sale. This one belonged to Mark Mitchell, a managing partner of Lorient Capital, who found a buyer after the home was on the market for nearly a year.

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Designed by the Warner Group of Montecito, the impressive estate spans 3.7 acres in Hope Ranch, a ritzy equestrian community overlooking the ocean. The property is perched on a knoll and descends to 204 feet of water frontage.

Expansive, chandelier-topped living spaces feature walls of glass that take in the Pacific. Amenities include a movie theater and three built-in saltwater aquariums.

In addition to the 10,000-square-foot mansion, there’s a swimming pool, spa, tennis court and guest unit set among rose gardens and palm trees.

$23.5 million — Malibu

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There’s fame in the floorboards of this ultra-stylish, all-black home on the beach in Malibu. It was once owned by action star Jason Statham, who sold it last year to Morphe co-founder Chris Tawil; he flipped it last month for a $5-million profit.

Statham is known for his striking taste in homes, and this one is no different. The bold, black exterior gives way to chic common spaces covered in white oak. A wall of logs frames a brick fireplace in the living room. There are two kitchens — in the main house and guesthouse — four bedrooms and four bathrooms.

Angled French doors open to multiple decks and patios that hover above the beach.

$21.5 million — Malibu

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A short walk down the sand from Statham’s former place leads to January’s third-priciest property. Records show it was bought by a limited liability company tied to Ken Moelis, the billionaire banker who founded Moelis & Co.

The Mediterranean-style home makes the most of its quarter-acre lot with a gated courtyard in front and a spacious wood deck out back. Upstairs, the primary suite boasts a view of the ocean from a private balcony.

The 4,600-square-foot home has an open floor plan with a sleek kitchen and living room with a fireplace. The dining area tacks on a wall of wine storage.

$16.65 million — Corona del Mar

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A new abode found its first owner last month when a modern mansion in the Newport Beach neighborhood of Corona del Mar traded hands for $16.65 million, making it one of the community’s most costly sales in recent memory.

The dramatic mansion was marketed with a long list of designer elements and amenities, as well as a lifestyle: It incorporates the Darwin Premier Wellness Ecosystem, a sensor-monitoring platform that handles air filtration, water purification and circadian lighting.

A sculptural helix staircase navigates the floor plan, descending to a lounge with a garden wall, billiards room, wine cellar and wet bar. Out back, a 900-square-foot terrace adds a reflecting pool.

$15.75 million — Montecito

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The largest home on the list, this French country manor spans more than 12,000 square feet, with the Santa Ynez Mountains above and the Pacific Ocean below. It had been waffling on and off the market for the last two years, originally listing for $22.45 million in 2019, records show.

Recently renovated and expanded, the walled and gated estate sits on 4.5 acres and includes a guest suite, pool house, tennis court, multiple stables and water features such as a saltwater pool, stream and koi pond surrounded by vegetable gardens and citrus groves.

Inside, formal living spaces feature wainscoting, molding, custom fireplaces and beamed ceilings. Most rooms open to the outdoors, including the primary suite, dining area, kitchen, living room and gym.

Source: latimes.com

Homebuilders preparing for big 2021, data suggests

Overall housing starts in January totaled 1.58 million units, a decline of 6% from December, according to the latest statistics from the U.S. Census Bureau. But there’s reason for optimism from homebuilders – a huge spike in building permits.

“Despite a modest month-over-over decline, single-family housing starts are up 17.5% from one year ago,” said Odeta Kushi, deputy chief economist at title insurance firm First American. “Single-family permits, a leading indicator of future starts, are up nearly 30% from one year ago. It’s still not enough to significantly narrow the gap between supply and demand, but it’s a step in the right direction.”

A total of 1.881 million residential building permits were issued last month to homebuilders, roughly 1.2% above December’s tally but more than 22% greater than were issued a year ago.

Interestingly, the overall decrease in housing starts last month was driven by single-family starts, which decreased by 12.2% from the prior month, while multi-family starts increased by 17.1% from last month. A seasonal dip was to be expected, experts said, but the widespread distribution of a COVID-19 vaccine should give the economy – and the housing industry – a shot in the arm in 2021.

Doug Duncan, Fannie Mae’s senior vice president and chief economist, said the vaccine combined with President Joseph Biden’s $1.9 trillion fiscal stimulus will drive consumer interest in locking-in historically low mortgage rates, thus driving the amount of home sales upward.


Making housing more affordable by bridging the affordable supply gap

In the last few years, the number of existing single-family homes for sale has decreased. But home prices have increased. To make homeownership a possibility for everyone, there needs to be a higher supply of affordable homes.

Presented by: Fannie Mae

“We assume that the proposed fiscal stimulus of around $1.9 trillion will be passed in mid-March, and that growth will accelerate sharply beginning in the second quarter,” Duncan said. “If 2020 was the year of the virus, then 2021 will more than likely be the year of the vaccine. Whether the vaccines are effective, including with the new virus strains, and how broadly and timely they can be distributed remain key questions.”

Economists are wary, Duncan said, of a potential boom-or-bust scenario for the housing industry in the new year: the combination of rising interest rates from record-low levels, a high national debt, and the risk of rising inflation.

“Very strong growth in the second half of 2021 could push inflation, and thereby rates, up significantly in 2022, thus invoking a Fed response of tightening and a significant deceleration later in 2022,” Duncan said. “This is not our base case scenario, but we see it as a significant risk moving forward.”

Added John Pataky, TIAA Bank executive vice president: “With rates creeping up and homebuilding still partially restricted by the pandemic, the housing market’s next phase of growth may be much more of a grind.”

Privately-owned housing starts in January hit an adjusted rate of 1.336 million, down 2.3% from December but up 2.4% from January 2020.

Single-family authorizations in January were at 1.269 million, up 3.8% from December.

January housing starts increased in the Northeast (+2.3%), but decreased in the Midwest (-12.3%), the West (-11.4%), and the South (-2.5%).

Where homebuilders go from here is of great interest to industry experts: Construction rates are expected to climb in the opening quarter of 2021 and possibly into the summer thanks to high-lumber prices and low land inventory, but the demand for homes is expected to remain high thanks to low interest rates and the hope of President Joseph Biden’s $15,000 first-time homebuyer tax credit.

“Lumber now costs more than double what it did this time last year – a fact that that has reportedly caused some builders to stop some projects mid-way,” said Matthew Speakman, Zillow economist. “Land and labor shortages also continue to hinder the ability to take on new projects.”

Still, Speakman noted, homebuilders’ earned some benefit of the doubt with the way they handled hurdles in 2020.

“Home construction was a source of strength in the U.S. economy in 2020, as builders strove to keep up with robust demand for housing and put up homes at the strongest pace in a decade and a half,” he said.  

Source: housingwire.com