Equity-Rich Properties Surge Nationwide-find out your equity in San Diego

by arnielevine | Dec 16, 2017 | Current Affairs, San Diego Real Estate

Homeowners should be feeling richer. The share of equity-rich properties rose to a new high–26 percent of homeowners with a mortgage in the third quarter, according to ATTOM Data Solutions’Q3 2017 U.S. Home Equity & Underwater Report. In the third quarter,...

Americans say now is good time to sell their home

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...

homebuyers move at a fastest pace than ever

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...

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...

Rising home prices increases your homeowner equity

by arnielevine | Sep 10, 2016 | Real Estate news, San Diego Real Estate

Rising home prices cause homebuyers to cringe, however, for current homeowners, it’s another story. In fact, these rising home prices are pulling many homes out from underwater as the values increase to more than homeowners owe. Home Equity Report from ATTOM...

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,...