How do you get the $500,000 tax exemption on the net profit from the sale of your home? If you and your spouse file tax returns jointly, and if both meet the "use test." That means you both lived in the house as your primary residence for at least two of the five...
Month: September 2021
9-11
https://www.newyorker.com/magazine/2002/02/11/the-real-heroes-are-dead
Market Slowing
Great thoughts from Ryan at www.sacramentoappraisalblog.com: Now let’s talk about slowing. I’ve had a number of emails lately critiquing my use of the word “slowing,” so I wanted to talk about this openly. I hope that’s cool. If this isn’t your thing, just scroll...
Frenzy Monitor
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Our Big Three - Carmel Valley, Encinitas, and SE Carlsbad - continue to carry substantially more pendings than active listings,...
Housing Demand To Continue
Yesterday, Derrick discussed the macro-economic forces that will affect real estate for years to come:
Home-Price Forecasts for 2022
The YoY change in the San Diego Case-Shiller Index in June was 31% higher than the national 10-city index. If we apply the same 31% to next year's national forecast of roughly +5%, the San Diego home-appreciation rate in 2022 should be around 6.55% - though, if you...
Nicolette Larson
An underrated girl-next-door from the 1980s: https://en.wikipedia.org/wiki/Nicolette_Larson
Why Sell Your Home Now
School is back in session and the holidays are right around the corner - it's the time of year that potential home sellers start looking forward to the next selling season, instead of moving in September/October. Are you thinking of waiting until 2022? Here are my...
Underpricing to Create a Bidding War
Why you should Get Good Help! Kim Rohrer was looking forward to leaving the leaky windows in the two-bedroom Berkeley rental duplex that she shared with her husband and two small children. The couple recently found a three-bedroom, two-bathroom chalet-style house in...
Funding the Flips
Here is who is providing the floor to the residential real estate market: Wall Street has made a mountain of money available to house flippers, and selling move-in-ready rehabs has rarely been easier. The challenge is finding beat-up and out-of-date properties that...