Tax Benefits of Home Ownership
What are the tax benefits of owning a home? Plenty of California homeowners are asking themselves this question right about now as they prepare to file their taxes. Let’s look at some of them: Mortgage interest: This deduction is itemized, so for this to work in your favor, all your itemized deductions need to…
Read moreNorth Bay Real Estate Trends for February 2021
Looking at all the homes and condos for sale in the northern California counties of Lake, Marin, Mendocino, Napa, Solano, and Sonoma Counties at the end of February, there were just 1,431 on the market. This is the lowest inventory amount since 2005 and 2% below that of January. This region generally enjoys a Spring…
Read moreWhere Would You Move To?
This is the question that is on many minds in the North Bay after several years of fires, evacuations, power outages, and poor air quality. The answer isn’t easy. With a global pandemic and economic upheaval facing us almost everywhere we turn, the solution might just be to stay put. On considering the alternatives, most…
Read moreSecond Half of 2020 Real Estate Market Looking Good
Take a breath! There’s good news ahead. According to many economists we are going to start to see an economic rebound in the second half of this year. Here’s a look at what some of the experts are saying: Jerome Powell, Federal Reserve Chairman: “I think there’s a good chance that there’ll be positive growth…
Read moreSpring Real Estate Boom Has Shifted to Summer
With the stay-at-home order gradually lifting, what was once the boom in real estate during the spring, is just now showing signs of life again as we enter summer. To quote Joel Kan, Economist at The Mortgage Bankers Association: “Applications for home purchases continue to recover from April’s sizable drop and have now increased for…
Read moreSonoma County Real Estate Report for March
In examining the March real estate market results, it is important to recognize that there is a time-lag of 3-6 weeks between a listing coming on the market and an offer being accepted. With this in mind, almost all the sales data we have as of the first week in April reflects the market before…
Read moreReal Estate is an “Essential” Business
With strict regulations in place regarding self-distancing, what is to become of the real estate market? While California real estate sales is now deemed an “essential” industry, it does not mean back to business as usual. All realtors still need to follow health guidelines and each city and county can stipulate what that looks like…
Read moreWhat is a Good Return on Real Estate Investment?
There is no question that investing in real estate can be profitable. However, it is important to be realistic and that you keep your goals achievable. First of all, you need to keep in mind that you will not make a profit overnight. Secondly, you need to understand that the location of your property will…
Read moreHomeownership and Tax Breaks
Besides the wealth accumulation that property appreciation affords, tax breaks are another way homeowners benefit from their real estate investments. Here are some facts that set the record straight on the tax advantages of homeownership: Mortgage Interest: Homeowners with a mortgage that went into effect before December 15, 2017, can deduct interest on loans up…
Read moreLos Angeles 4th Quarter Real Estate Market Report
Recently Compass California Real Estate issued a 4th quarter report on the sales activity in the larger Los Angeles area. The report heralds a favorable start to 2020 with overall sales increasing more than 7%, although the average home sales prices varied from market to market. Here is a brief summary of a few areas:…
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