There was a snafu in the rush to sign the tax reform bill: "The Senate parliamentarian determined two minor provisions do not have budgetary impacts and had to be removed from the bill," the representative told Business Insider. "The Senate will still vote tonight,...
While we await the final vote on tax reform...... We've heard some pretty delusional ways to describe architectural features over the years. There are always certain less-than-desirable elements to any home and it makes sense to soften the bad things by...
Here we have three different real-estate-industry opinions on the effects of the final tax reform. 1) The demand will increase due to more spendable income, pushing home prices higher; 2) The demand will drop, due to less spendable income because middle-class...
Last year at this time, we had thirty houses for sale priced under $800,000 - today we have TWO! Here they are: This just sold for $660,000 in March - backs to I-5 freeway:...
It's now been widely reported - and Rob Dawg agrees - that Congress did not change the two-out-of-five-year requirement for home sellers to receive up to $500,000 in net proceeds, tax-free. The only two changes in the final tax reform bill are 1) Lowering the mortgage...
A phenomenal turnout for an open house scheduled for nine days before Christmas. It make you think the demand is non-stop:
We knew these were coming: The legislation preserves the deductions for mortgage interest and charitable giving, though it lowers the cap on the mortgage deduction from $1 million to $750,000. Seeking to win over House Republicans from high-tax states, the conference...
We see these stories regularly now, but nothing is changing. Even if we had another housing crash and prices retreated by 10% or 20%, homes would still not be affordable for most. Hat tip to Richard! LINK For all of its claims of being an economic paradise,...
If all you want to spend is the mid-$700,000s, and prefer a new house with no Mello-Roos, this might be worth considering:
Congress is expected to vote on the final version of the Tax Reform Bill next week. The terms being bandied about: The mortgage-interest deduction will remain, but only for loans up to $750,000 for future buyers, instead of $1,000,000. State and local income and...
