End of Year 1031 Tax Exchange Real Estate selling Issues

by arnielevine | Nov 3, 2016 | Finance, Real Estate news, San Diego Real Estate

There are two issues that come up toward the end of the calendar year relating to 1031 Exchanges. The first has to do with the time allocated to complete the 1031 Exchange. Issue #1 The tax code requires that a 1031 Exchange be completed within 180 days after the sale...

Fed holds off interest-rate hike

by arnielevine | Jul 5, 2016 | Finance, Real Estate news, San Diego Real Estate

Just as many predicted, the Federal Open Market Committee,the group that sets the benchmark interest rate for bank lending, elected this week to hold steady and not increase federal funds rate. The current rate is set at between 0.25% and 0.5%, and will remain so,...

Existing home sales growing in San diego is at the highest pace in the past decade

by arnielevine | Jul 5, 2016 | Finance, Real Estate news, San Diego Investment Properties, San Diego Real Estate

Existing home sales jumped in May to their highest increase in almost 10 years, according to a recent report by the National Association of Realtors. While existing home sales may have jumped, the high demand and lagging home prices caused the median sales prices to...

Treasury stealing of Fannie, Freddie shareholder profits "costly for housing"

by countyproperties | Jul 17, 2015 | Finance, Real Estate news

Yale Law School lecturer Logan Beirne examined a lawsuit recently filed by three Fannie Mae and Freddie Mac investors accusing the federal government of exceeding its authority as a conservator. The three plaintiffs in question allege that the Federal Housing Finance...

Rental housing stock not nearly enough to handle coming wave

by countyproperties | Jun 12, 2015 | Finance, Real Estate news, San Diego Real Estate

Urban Institute: Rental surge to drop homeownership rate to 61.3% by 2030 The Urban Institute’s Housing Finance Policy Center just releaseda major new longitudinal study of expected household formation and homeownership ratesfrom 2010 to 2030. The paper predicts...

In real estate escrows, what are Prorations?

by countyproperties | Aug 28, 2014 | Finance, Real Estate news

In a real estate transaction, there are usually expenses and payments that must be “prorated” (or properly distributed or divided proportionately) so that the parties are equitably responsible for amounts owed during their respective ownership of the...