There are 343 houses for sale between La Jolla and Carlsbad listed above $2,400,000, and only 25 sold in November - nearly 14 months of inventory! The tax reform won't do much for those sellers - more coming today on who might be affected. The UNDER-$800,000 Market:...
Let's just quit N.A.R. and the rest of the bureaucracy and join together as a network of agents who share listings among ourselves! Hat tip to daytrip for sending this in: LINK For many high-priced and desirable properties, especially in metros such as LA, the sales...
Real estate spokespeople from N.A.R., C.A.R., Zillow, etc. keep saying that if tax reform removes the incentives for homeownership, prices would fall at least 10%. Then the Senate leaves the mortgage-interest deduction untouched, and adds back in the property-tax...
The Senate's version of the tax reform bill didn't include any changes to the mortgage-interest deduction, which keeps the limit at mortgages under $1,000,000. But the House limit was $500,000, and they still have to reconcile the two versions, so it's not done yet....
As we await the final version of the tax reform bill, let's enjoy some 'lighter' fare now that it's December! Hat tip Lindsey Tuer:
