The San Fernando Valley (Los Angeles) single family housing inventory is up in all price ranges year over year. The $450,000 to $600,000 price range jumped from a historic low of 285 properties in July 2013 to 487 July 2014. That price range incorporates the median sales price of around $500,ooo. ... » Learn More about San Fernando Valley Housing Inventory Up All Price Ranges
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Converting a 1031 Investment Property to Owner Occupied Avoiding Capital Gains
1031 Exchanges are great strategies to defer Capital Gains taxes while using the gains to expand a real estate portfolio. If you own investment real estate, or plan on owning investment real estate, you must understand this IRS code or you'll be cheating yourself. Lets take this scenario: What if a ... » Learn More about Converting a 1031 Investment Property to Owner Occupied Avoiding Capital Gains
Homeownership Rate in the Second Quarter of 2014
The homeownership rate fell to 64.8 percent in the second quarter. It marks the lowest ownership rate in nearly 20 years. After peaking at 69 percent in 2004, the ownership rate has been steadily falling, at first from the aftermath effects of housing market bubble-crash to the ongoing tight ... » Learn More about Homeownership Rate in the Second Quarter of 2014
California Housing Market at a Glance – Prices Dropped!
After several years of appreciating values, California's median home prices dropped slightly month over month. As I've been conveying for the past year, the market has been changing from a sellers market to one of neutrality. Existing Home Sales are up a slight 1.5% month over month, but down ... » Learn More about California Housing Market at a Glance – Prices Dropped!
Decline in Foreclosures Reaches ‘Important Milestone’
Foreclosure activity in June was down 16 percent from a year prior, marking the lowest level since July 2006 — before the housing bubble burst — according to RealtyTrac's Midyear 2014 U.S. Foreclosure Market Report. The report showed a much-improved picture: Foreclosure filings, which include ... » Learn More about Decline in Foreclosures Reaches ‘Important Milestone’