Real Estate Blog LA

First up:The loss of tax deductions. In most cases, people who lack a mortgage pay more federal and state income taxes than those who qualify for a mortgage deduction.  A Mortgage Calculator illustrates this point: Assume that a buyer is currently paying $1,500 per month on a rental. If the buyer purchases a $300,000 property with $30,000 ...

In April of 1973, mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's markets, one in the early 1980s and the other in the early 1990s, the rates were much ...

Due to my efforts in optimizing my website www.LAexclusiveProperty.com I am speaking with more and more International Buyers that are beginning to consider real estate investments in California. The reasons for this traction are the weakened dollar and market dynamics in this state. Home prices have peaked, Supply is the best in more than 10 ...

Are Buyers and Sellers waiting out the market? They may be, as evidenced by the latest data regarding SoCal Home Sales Transactions which fell below 10,000 in the month of January. This is the first time this has happened in around 20 years. Clearly, Buyers are waiting, but should they? With interest rates low, supply up, and ...