Market Matters January 18th
State bill proposal to expand rent control in California fails; Homes in Los Angeles selling over asking price, find out by how much; are the new tax laws affecting homebuyer plans? read more at link; how are the wildfires affecting residents, will they stay or go?
Beyond the Headlines January 11th
Where is new hottest housing market in nation? San Jose for 2018 is the prediction; What can homebuyers expect in 2018, read more here; modify Prop 13 to make the tax base portable, read more here!!; home equity hits record high, and Treasury yield is highest point since last March. Read more at link.
Beyond the Headlines, January 4th
Southern California home prices expected to rise in 2018, but sales have plateaued; Did you know you now have a $10,000 deduction cap, but read here about the new Calif bill to help those with higher property taxes; Calif has a new "portability tax" proposal, will it make it to the ballot to help 55+ to transfer property tax base anywhere in state? ; Starting in 2018, homeowners can deduct interest on mortgages only up to $750,000. The previous cap was $1 million, with an additional $100,000 allowed for home equity loans. Interest on home equity loans and lines of credit will no longer be deductible.; read more at the link
Beyond the Headlines Dec 28th
The IRS now says prepaying 2018 property tax might not be such a good idea; Three housing issues in California for 2018, including the future of Prop. 13; ADUs (accessory dwelling units) help add new housing; Recently passed GOP tax overhaul may change some homeowners plans to buy in California; existing home sales may be highest in Calif since 2006, although it may slow for 2018; The new Republican tax overhaul will likely chop plans for thousands of new affordable homes in California and further squeeze low-income renters;
Beyond the Headlines Dec 21
Will homeownership become more expensive under new tax law? 5 homeownership changes in new tax law; Calif fires may affect insurance fire coverage in the future; read more here . . .
Beyond the Headlines Dec 14th
Home prices in California and throughout Southern California have gone up on an annual basis for almost six straight years, with homes selling in record time, mostly at the asking price or higher.
Beyond the Headlines Dec 7th
San Diego County values way up, so is the population, 11th least affordable market worldwide; Republican tax plan could cost California housing in the billions; PACE loans (energy program liens) no longer accepted under FHA loans;
Beyond the Headlines Nov 30th
Conforming loan limits for 2018 raised in California, to $453,100 and $679,650, respectively, goodnews for high cost areas; Property owners in California, Florida and New York have the most to lose if Congress limits tax deductions for interest payments; Prop 13 overhaul on ballot in 2018 would allow 55+ homeowners to transfer property tax base anywhere in state; millennials want to buy, not rent; Angelenos renting out all types of space, unregulated; read this and more at the link
Beyond the Headlines Nov 23rd
Multigeneral profiles changing housing market, number of Americans over 80 will double in 20 years; SoCal prices up in October, San Bernardino County biggest increase; Bay area transition to Sacramento; nationwide equity rich owners increase; CA population grows in spite of outflow of population, read more at link