Many, but not all, new home communities in California are subject to Mello-Roos taxes and the amounts will vary at each new home community.
By Marilyn Kennedy Melia • Bankrate.com Should aspiring homeowners “stretch” to buy houses that are as expensive as they can afford? After all, mortgage interest rates are still low, and house prices are rebounding from a deep plunge. The answer depends on each buyer’s unique situation, in finances and in life. For most people, it’s […]
Rising Mortgage Rates May Spark Buying Frenzy Daily Real Estate News | Thursday, May 30, 2013 Rising mortgage rates are prompting some renters to jump off the fence and consider buying a home, so they don’t miss out. Mortgage rates have seen a sharp rise in recent weeks. Mortgage applications for home purchases have risen […]
The opportunity to protect hard earned equity in the sale of an investment has been available to consumers since 1921. However, complexities and details of the tax code prevented only the most knowledgeable from using this option. In 1990 the Omnibus Budget Act clarified the process an opened this option to a broader set of […]
Section 1031 Exchange ׀ FAQs Source: Federation of Exchange Accommodators / www.1031.org Every Section 1031 Exchange transaction is different. These “Frequently Asked Questions” are intended to answer general inquiries. The application of these principles will depend on the specific facts of each transaction. Always consult a competent Qualified Intermediary, attorney, or tax advisor to determine […]
Technically speaking, April 15th is tax day. But for Americans who expect a refund including many homeowners who want to cash in on real estate-related tax perks, filing sooner holds the promise of getting that check in hand, stat. If you count yourself in that number, here’s a handy guide for 9 pieces of paper […]
NEWS FLASH Call your member of congress today to protect the mortgage interest deduction Congress, as part of negotiations on avoiding the “Fiscal Cliff,” has made direct references to “closing loopholes” and “limiting deductions” as a way to raise revenues. Clearly, the mortgage interest deduction is high on this list of revenue raisers. Losing the […]
Down payment: the mere utterance of the term strikes dread in the hearts of many a homebuyer-to-be. Coming up with a down payment often seems like an obstacle that must be overcome, as it is the biggest test of our ability to save money most of us will ever face and it’s a test that […]
While home prices are nowhere near their peak of 6 or 7 years ago, the nationwide data is clear: the housing market this summer has been hotter than at any time since the recession: The Census Bureau just revealed that new home starts rose 6.9% in June to their highest level in four years […]
Buying a home in most major markets will end up being cheaper than renting one. San Diego Breakeven Time – 3.6 Years. NEW YORK (CNNMoney) — For people who are willing to stay put for a few years, buying a home has become a much better deal than renting in almost every major housing market […]
HEALTH-CARE REFORM LAW CONTAINS SURTAX THAT CAN AFFECT HOME SALES By Kenneth R. Harney WASHINGTON — When the Supreme Court upheld the health-care reform law on federal tax grounds, it restoked a housing issue that had been relatively quiet for the past year: The alleged 3.8 percent “real estate tax” on home sales beginning in […]
by Jeff Clabaugh Long-term mortgage rates continue to fall to new record lows, with the average rate on a 30-year fixed-rate mortgage falling below 3.5 percent for the first time ever. Freddie Mac’s weekly rate report says the average rate on a 30-year fix in the week ending July 26 was 3.49 percent. A year […]
Mortgage Rates Continue Record-Breaking Streak Daily Real Estate News | Friday, July 27, 2012 The 30-year fixed-rate mortgage — the most popular choice among home buyers — is now a full percentage point lower than a year ago, Freddie Mac reports in its weekly mortgage market survey. Fixed-rate mortgages have been on a record-breaking streak […]
Daily Real Estate News | Tuesday, February 28, 2012 Home buyers with mortgages backed by the Federal Housing Administration will soon see a rise in fees, the agency announced Monday. The agency is raising its fees in an effort to try to recoup some of its depleted reserves*, which suffered from the rising number of home […]
What’s the best way to go about getting a mortgage in this low interest-rate but tight credit environment? Mortgage Bankers Association President & CEO David Stevens and WSJ’s Nick Timiraos on Lunch Break have some advice.