Virtually every homeowner around here would benefit greatly from the capital-gains tax being removed from home sales. Only those who bought in the last 3-4 years don't have a $250,000+ gain already ($500,000 for married couples), but they bought their forever home and...
Of course, we could always experience a curveball that could radically alter the market conditions without notice. If you thought the inventory surge this year was noticeable, wait until this takes effect! Hat tip to Annabama for sending this in: Today, Congresswoman...
Everything went our way - except the higher mortgage rates. The House of Representatives early this morning passed the One Big Beautiful Bill Act that delivers significant wins for the real estate sector, reinforcing tax provisions long championed by the National...
Jordan Marks, your San Diego County Assessor/Recorder/County Clerk wants to help homeowners that are seniors learn how they can upgrade their lifestyle without increasing their property taxes. The Proposition 19’s senior exclusion from reassessment, or also known as...
I try to avoid politics here but the housing-related measures get some attention. Hat tip to Peter for providing this valuable data on Prop 5: Though California is known as a liberal blue state, we don't like it when Prop 13 is threatened. The last attempt was in 2020...
If the Trump or Harris presidential campaigns send out AI bots to learn about fixing the housing market, maybe they will find this here. We're on a path that is likely to continue unless bold aggressive moves are taken in the housing market - do you have the guts to...
It looks like the over-heated housing market will cause the government to do something so it looks like they care. There was a $8,000 first-time homebuyer credit back in 2009-2010 that was free money given to those who just happened to buy a house then - nobody bought...
Dear Liz: My husband died in November 2022. I was told that if I sell the house within two years of his death, I can benefit from two capital gains exclusions, his and mine, each for $250,000. The house was appraised at $912,000 based on his date of death. I don’t...
Prop. 19 allows homeowners 55 and older, the severely disabled, or the victims of a wildfire to move their lower Prop. 13 tax base up to three times to anywhere in California. Before the law was enacted in 2021, homeowners only got one base tax transfer and it only...
One of the main reasons that the real estate market could levitate at these price points is the monumental wealth transfer between baby boomers and their kids. A major tax advantage is closing out at the end of 2025, and those with a healthy portfolio will be letting...
