The mortgage rates have had gyrations over the past few months, presently just under 7% for the 30-year fixed. The buyer base is getting accustomed to the higher rates, but rates still affect the affordability, especially when paired with the property values going up. In a normal housing ... » Learn More about San Fernando Valley Real Estate Market Update March 2024
Mortgage Rate Update Update March 22 2024
Last Wednesday the Federal Reserve had its March FOMC meeting and left the Fed Funds Rate alone at 5.25%-5.5%. They believe the inflation rate is still moving in the right direction, but the January and February higher inflation rates appear to be seasonally prone to err. Chair Powell reiterated ... » Learn More about Mortgage Rate Update Update March 22 2024
How The Real Estate Sales System Will Change Post NAR Settlement – Pros and Cons
The real estate business model, how buyer and seller representation is constructed, commissions paid, and transactions negotiated is presently in a period of transition. I’m not going to get into the weeds on the seller and buyer lawsuits, the DOJs reneging on a prior negotiated agreement, etc. ... » Learn More about How The Real Estate Sales System Will Change Post NAR Settlement – Pros and Cons
How You Can Be Broadsided By Taxes When You Sell Your Home With A Home Office
When the pandemic hit, seems like everyone started working remotely, and created a home office. The IRS lets us write-off that portion of the home for business use. I’m not going to get into the methods or calculations for the deduction, but the tax implication when that home is ... » Learn More about How You Can Be Broadsided By Taxes When You Sell Your Home With A Home Office
Your Tax Benefits; Understanding How Revocable and Irrevocable Trusts Impact 1031 Exchanges
The main difference between a revocable trust and an irrevocable trust is the degree of control that the person creating the trust (the "grantor") has over the assets in the trust. A revocable trust, also known as a living trust, is a trust that can be modified, amended, or terminated by the grantor ... » Learn More about Your Tax Benefits; Understanding How Revocable and Irrevocable Trusts Impact 1031 Exchanges