SALT Tax Deductions Raised to $40K for Homeowners
Beginning with the 2025 tax year, a new federal law significantly increases the cap on state and local tax (SALT) deductions from $10,000 to $40,000 for taxpayers earning under $500,000 annually. The higher deduction limit will remain in effect through 2029, gradually adjusting upward by 1% each year before reverting to $10,000 in 2030. For […]
Number one challenge facing buyers when making offers? APPRAISAL GAP!
Unfortunately nothing is normal about the current housing market… Not only do buyers need to be prepared to compete with multiple offers, but their strategy has to be perfectly suited for their financial situation. What happens if a property does not appraise at the offer price? I hope other realtors are preparing their clients for […]
Now A Good Time To Consider New Construction
I was able to get into contract on a new construction home with my buyer yesterday and the experience has far exceeded my expectations. Builders were trying to flood the market with new build inventory as prices in the housing market exploded, but now that things have cooled off, they have inventory that is expensive […]
Nearly 40% Of Homes Are Owned Mortgage Free!
New data out this month also shows that there are a record number of Americans that own their home outright and have no mortgage payments at all. This is a significant trend I am tracking as many homeowners have not only paid off their mortgages, but now hold significant equity in their homes. For many […]
Investing In Residential Vs. Commercial Properties – Pros And Cons
I have so many clients that are reaching out to me right now that want to get involved with investing in real estate but they are not sure where to begin. There are so many factors to consider and selecting the right property can make all the difference. I work with an amazing team of […]
Interest Rates Are Dropping… Early 2024 Predictions!
Quietly over the past month or so interest rates have dropped nearly a full percentage point. This means many buyers are jumping back into the mix for buying their next home, and sellers are considering making a lateral move to their next property. The reason we saw market activity more stagnant throughout 2023 was that […]
Insurance Concerns For California Homeowners
Many California homeowners were caught off guard this year when their homeowners insurance policies were non-renewed. It has become one of the biggest topics of conversation for my clients as well as people in my community scrambling to find a solution. State Farm and Allstate abruptly pulled out of the California market after experiencing multi-billion dollars […]
Deciphering Capital Gains With Real Estate
Many homeowners that I work with are taking advantage of the amazing capital gains rules when selling their primary home or investment property. Most commonly they are looking to move or downsize and the large capital gains exemption they can take from the sale helps tremendously with the transition. For primary residences the capital gains […]
If Interest Rates Are Increasing, Will Prices Begin To Drop?
This week a lot of people have been asking me if they should wait to buy or sell because interest rates are rising so rapidly. There is not a short answer for this question so let’s try to break down some of scenarios that I see playing out. The obvious consideration here is that if […]
How Passing Down A Property Can Go Wrong
Many property owners think that a will is the best instrument for directing ownership for their heirs. I outlined in a previous article that a trust is always better than a will in order to avoid a lengthy and expensive probate process. I have many clients working through unnecessary probate proceedings and the timeline and […]