Will The New Tax Bill Cause California Housing Prices to Drop? The recently passed tax bill may affect the California Housing Market. Since 1986 the tax code has offered rewards for homeownership. This is one of the first reworks of the tax bill announcing significant changes. Mortgage interest and property tax deductions will be reduced increasing many homeowners’ monthly housing costs. Society...
Beautify San Jose Grants Improve San Jose Real Estate Values & Establishes Community Pride San Jose city grants are being awarded for beautification projects that can improve San Jose real estate values and unite communities. Neighborhood beautification projects are working diligently to reduce graffiti, trash, and “blight.” Selected associations can be awarded grants up to $5,000. For an...
The passing of the GOP tax bill unveiled Dec. 15th may cause expert opinions to change for the 2018 real estate market. A recap of some issues the housing market faced last year… Shrinking supply of homes for sale. This continues to be a problem primarily affecting the entry-level market. Prices could be driven up due to a low supply of homes for sale. Fairly static mortgage rates, expected to...
A draft of the tax reform legislation was released on Thursday by the House Ways and Means Committee. Many of the provisions listed in the republicans’ September tax reform framework are incorporated in the Tax Cuts and Job Act, H.R. 1 along with new details. Federal government revenue is eligible to be cut by up to $5.1 trillion over the next 10 years with the budget legislation passed in October. It...
Low Down Payment Options Now Available For Millennials and First-Time Homebuyers Low down payment programs attract millennials and create opportunities for first-time homebuyers. Did you know that 61% of first-time homebuyers purchased their home using a down payment of 6% or less? A recent report released by Down Payment Resource shows this data. The same source shows a similar trend among all buyers;...
San Jose real estate is among the metro areas showing slim margins when comparing the cost of buying a home versus renting a home. A recent Rent vs. Buy Report released by Trulia concludes it’s cheaper to buy a home than rent a home in 100 of the biggest metro areas in the U.S. Trulia’s report claims it’s about 3.5% cheaper to buy vs. rent in the San Jose real estate market. While prices can...
Photo via Pixabay by FrankWinkler Many Americans look forward to retirement because it’s symbolic of finally being free of most debts, including a mortgage. However, many seniors are finding that their dollars aren’t going as far as they used to, and by the time retirement rolls around some people are finding that they still owe on their home. As a financial planner, you may find that you have to...
Should I Build or Buy My Next Home? Congratulations! You’ve decided to invest in a home. For the discerning consumer, there’s a lot of options out there. New developments, new neighborhoods, old neighborhoods, vacant lots, un-vacant lots—the truth is, there’s a lot of decisions to make. But, after you’ve picked where you want to live, you have another tough choice to make: do I build or buy?...
Bay Area Housing Market Trends You Should Know Understanding the housing market is all about knowing up-and-coming trends, which may seem difficult, but the truth is that it can be accomplished with extensive analysis. At the moment, there are four trends in the Bay Area housing market that you might find interesting. 1. The Young People You may know millennials as young 20 to 30-something adults who...
20 of the Hottest Real Estate Markets for August 2016 Summer vacations are winding down and fall is in the air! The temperature may be the only thing cooling down this August. According to realtor.com, the market has not been this hot in over a decade! The hottest real estate markets topping the chart in the nation indicate prices are reaching new highs and homes are selling in fewer days on the market...
Compare listings
Compare