HOUSE NARROWLY PASSES TEMPORARY REPEAL OF SALT DEDUCTION CAP!
Realtors, investors, buyers, sellers and homeowners received one of the best gifts for the 2019 holidays when the House passed the REPEAL of the SALT DEDUCTION CAP last week. As part of the Tax Reform Act of 2017, a deduction cap was included that either limited or eliminated the ability for businesses or individuals to […]
Southern California home sales plunge 20% in December to the lowest pace in 11 years
SOURCE: Diana Olick | @DianaOlick Published 2:30 PM ET Wed, 30 Jan 2019 CNBC.com The housing pain persists in Southern California, as higher costs weigh heavily on potential buyers. Home sales in the region fell 20.3 percent year over year in December, according to CoreLogic. That is the lowest December sales pace since 2007. From […]
More than 75% of all homes will sell below asking price in 2019
SOURCE: INMAN BY VERONIKA BONDARENKO DEC 12 In 2018, 62% of all listings undersold, according to Knock More than three-quarters of all homes currently on the market will sell below asking in 2019, according to an analysis by Knock, the home-resale company. By looking at on-market listings and sales trends across the country, Knockdetermined that 62 percent of all […]
California fires: Residents and Realtors flee blaze
SOURCE: INMAN NOV 10 BY JIM DALRYMPLE II Staff Writer Image: GettyImages One broker expects the affected area to see a ‘stopping period,’ or a quiet period in home sales after the fire. WESTLAKE VILLAGE, CA — David Smith, a Keller Williams broker who sells homes in the area currently burning in Southern California’s Woolsey Fire, spent Thursday calling a couple […]
California wildfire victims will face unique challenges finding new housing
Published: MarketWatch Nov 18, 2018 10:12 a.m. ET By Jacob Passy Photo: Getty Images With tens of thousands of people displaced by the wildfires burning across California, many will be scrambling to find new housing. And they’ll have to contend with a housing market with high costs and little inventory, making their recovery all […]
Buying a home? Sellers may use cameras, microphones to spy on house hunters
SOURCE: Paul Davidson, USA TODAY 2:00am ET 4/30/2018 updated: 11:43am ET 5/30/2018 Home buyer, beware! The seller may be watching. And listening. A growing number of home sellers are using security cameras and microphones to spy on potential buyers as they tour their houses or condos. They then may use what they hear or see […]
Realtor nearly arrested after entering recently foreclosed home
A neighbor called the police after seeing Alabama Realtor Cheryl Piccinini attempting to enter home for a showing When Century 21 Regency Realty Realtor Cheryl Piccinini entered an empty home for an upcoming showing, she had no idea she was facing a potential breaking and entering charge. Despite a for-sale sign displayed in the front yard, a […]
Landlord Raising the Rent? Here Are Your Options
Your lease is coming to an end, and you’re faced with the choice to stay put and renew with your landlord or start searching for a new place. But when your landlord or property manager notifies you that your rent will be going up if you stick around, that higher rent may be making the decision for […]
Housing tipping back to a buyer’s market as sellers cut prices
After several years of rich home price gains, the market appears to have found a limit to what people can afford. Sellers are finally responding by lowering prices more often. Approximately 14 percent of all listings in June saw a price cut, that’s up from a recent low of 11.7 percent at the end of […]
When Do Interest Rates Hurt Real Estate Investing?
The days of super-cheap mortgages are likely over. After years of near zero interest rates, the Federal Reserve is raising its benchmark rate, currently at 1.9 percent. Like a ripple across a still pond, as the Fed rate goes so do other important interest rates. And several more increases are expected. Arguably the most important interest rate […]