Market direction unclear as statistics suggest opposing trends

Posted Leave a commentPosted in Financing, Market Direction

The end of February, interest rates were at a four-year high, with 30-year fixed rate mortgages averaging 4.40% and 5-year adjustable rate mortgages averaging 3.65%. At the same time, interest on treasury notes is down. This means investors are abandoning bonds and now buying mortgages. Despite changing their methods, investors don’t have any concerns about […]

How Trump’s tax plan affects Real Estate in California

Posted Leave a commentPosted in Market Direction

Included among the many tax changes in the 2018 Republican Tax Plan are the following major changes: nearly doubling the standard deduction, causing fewer people to itemize beginning in tax year 2018; limiting state and local taxes (SALT) to $10,000 per tax return; reducing the mortgage interest deduction (MID) from $1 million to $750,000; making home equity loans (HELOCs) no […]

Finding affordable housing gets easier

Posted Leave a commentPosted in Financing, Housing shortage

New laws passed in September of 2017 are aimed at allowing for and funding the construction of lower-income, higher density housing in California.  Following are synopses of the more impactful changes.  Elsewhere on this blog is a more in depth article on Accessory Dwelling Units, or ADUs, also known as grannie flats. ( SB 2, […]