by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
WHAT HOME SELLERS SHOULD KNOW ABOUT TAX REFORM MOVING EXPENSES Moving expenses are no longer tax deductible, except for members of the Armed Forces. HOME SALES IMPACT “¢Taking into account the impact of tax reform, home sales in California are expected to...
by arnielevine | Feb 8, 2018 | Current Affairs, Finance, Real Estate news
The new limit on deductible mortgage debt is $750,000, down from the previous $1 million. There are certain situations which may allow a home purchase to qualify for the $1 million, even if the home closes after Jan. 1, 2018. Talk to a tax professional to learn more....
by arnielevine | Jul 21, 2017 | Real Estate news, San Diego Real Estate
Americans are more confident about housing, as sentiment levels returned to the previous high. The Fannie Mae Home Purchase Sentiment index increased 2.1 percentage points to 88.3 in June, matching the all-time high set in February. The increase is due to four of the...
by arnielevine | Jul 21, 2017 | Finance, Real Estate news
If you bought a house with a down payment of less than 20 percent, your lender required you to buy mortgage insurance. The same goes if you refinanced with less than 20 percent equity. Private mortgage insurance is expensive, and you can remove it after you have met...
by arnielevine | Jul 21, 2017 | Real Estate news, San Diego Real Estate
Housing inventory fell 8.9% from last year in the second quarter of 2017, sending homebuyers scurrying to beat the rising competition. Housing inventory dropped for nine consecutive quarters, and is currently down a full 20% from inventory levels five years ago. And...
by arnielevine | Feb 24, 2017 | Finance, Real Estate news
Imagine mortgage credit standards as a roadway, connecting lenders with potential borrowers who dream of owning a home. What in the mid-2000s was a wide-open superhighway with few barriers became, after the 2008 housing crash, a one-lane path open only to the most...
