Archive for the ‘Real Estate General News’ Category

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

What we do know is that there have been many price reductions with some 14% of (more…)

Read Full Post »

Competition is Coming

Click here to find your current home value.

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to (more…)

Read Full Post »

Dream Home 8 14 2018

The definition of one’s dream home changes between life stages and generations.  In a recent survey, 64% of Americans say they’ll be able to own or rent their dream home within their lifetime. Here’s what they say makes up the “American Dream Home.”

With the average dream home price being $1,300,000 and an average size of 2,195 square feet.

What is your dream home?


Posted by John Paul Ledesma, GRI | DRE 01810644 | HomeSmart Evergreen Realty




Read Full Post »

This is a link to a CNBC interview with Ara Hovnanian, president & CEO of Hovnanian Enterprises regarding the housing market. Ha basically is saying the same thing that I have been telling people.

Click here to see the interview.

Read Full Post »

Barrons’s video about a JP Morgan report that predicts housing recovery in mid 2011. This video is worth a quick look and brings up some good points but I do not see any price increases without a jobs recovery. He says pricing high in 2009 but he should have said pricing low in 2009.

Housing Recovery May be a year away
– Watch more Videos at Vodpod.

Read Full Post »

Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits. To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010, inclusive. Buyers who are not first-time homebuyers may use the same timeframes to receive up to $16,500 in combined tax credits if they are long-time residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law.
Under the federal law slated to soon expire, a first-time homebuyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010. Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied. The new California law applies to certain purchases that close escrow on or after May 1, 2010 (see Cal. Rev. & Tax Code section 17059.1(a)(4)). California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)). Other terms and restrictions apply to both tax credits.

This is not tax or legal advice.

Read Full Post »

Legislature, governor come to agreement on ’short sales’
BRIAN JOSEPH, Sacramento Correspondent for the Orange County Register

[see the full story here]

With just seven days until Tax Day on April 15, the State Legislature and governor finally have an agreement on a bill to provide tax relief for short sales.

Both houses of the Legislature today passed Senate Bill 401 by Sen. Lois Wolk, D-Davis, which provides tax relief for mortgage debt forgiveness for tax years 2009 through 2013. Just moments ago, Gov. Arnold Schwarzenegger’s staff told the Orange County Register that he will sign the legislation.

If you’re one of the thousands of Californians who sold your home at a loss in what is commonly known as a short sale, that would have put you on the hook for a big tax bill come April 15 — even though you no longer own your home.

Read Full Post »

By Nick Timiraos

Mortgage rates have climbed only modestly in the first week without the Federal Reserve buying mortgage-backed securities. The $1.25 trillion in debt purchases by the Fed have kept mortgage rates at or below 5% for much of the past year.

For the rest of this post go to: LINK

Read Full Post »

Your house can bring big breaks at tax time TaxWatch – MarketWatch

Posted using ShareThis

Read Full Post »

Lowenstein: Walk Away from your mortgage

Yes We Can … Walk Away from Bad Mortgages: Roger Lowenstein Blames the Banks

Lowenstein, asks a provocative question in the accompanying video: In a free market system, why should there be different rules for corporations vs. individual homeowners when it comes to walking away from bad debts?

Read Full Post »

« Newer Posts - Older Posts »

%d bloggers like this: