The battle against inflation is being won, and the bay area housing market seems to have mostly rebounded. The producer price index (PPI) is lagging the consumer price index (CPI), which suggests that the economy is in a different place than most people think. This could mean that the economy is not headed for a …
Bay Area Real Estate Market Update Bay area real estate during the first half of 2023 saw a marked increase in listings going into contract with days on market decreasing. This was driven mainly by 3 factors. 1. Historically low inventory; 2. Nasdaq index increasing significantly; 3. Buyers trying to lock in homes at current rates and refinance later; Low …
March Inflation Figures: On Wednesday, the much-anticipated March inflation figures were released. The overall inflation rate saw a significant drop from 6% to 5%. However, the “core” inflation rate, which excludes the volatile food and energy sectors, experienced a slight increase, ticking up to 5.6%. These diverging numbers have led to different interpretations among analysts …
March 2023 Inflation, Interest Rates and Q1 Market Stats Read More »
‘Interest rates’ two words that drove the bay area real estate market in the first quarter of 2021. Prospective homebuyers were spurred into action at the thought of rising interest rates and low inventory. Record low rates and the thought that the Federal Reserve would likely raise rates in 2022 pushed wavering home buyers that …
As much as HGTV would like us to believe, a home renovation project doesn’t just end with the before-and-after reveal. If you’re about to embark on an extensive remodeling project, be prepared for your property taxes to increase. Here’s what you need to know: What kind of renovations trigger a property value reassessment? Under …
You’ve Just Remodeled Your Home. What Happens to Your Property Taxes? Read More »
If you’ve been thinking of selling your home, chances are high that you’ve checked out services like Zillow and Redfin to get a sense of how much money you could make through sale. Here, we break down what you need to know about online estimate tools and how much trust you can place into those …
Zestimate or Zestimiss? Is Zillow Damaging your Home Value? Read More »
California Gov. Gavin Newsom signed into law two new housing bills, SB 9 and SB 10, that will essentially end single-family zoning and increase the state’s housing production. Though it remains to be seen whether the new laws will help alleviate California’s mounting housing crisis, the legislation will begin to impact homeowners and developers at …
How SB 9 Will End Single-Family Zoning in California Read More »
President Biden unveiled a $3.6 trillion tax plan earlier this year that could have significant tax implications for real estate investors, inheritors, and married couples making $509,300 or more a year, or single individuals making $452,700 or more a year. The plan still needs to be approved by Congress and has already received significant pushback …
Greetings! Hope all is well and you are enjoying some semblance of return to normalcy with California reopening. For a great primer on what that means, the Mercury News put out a helpful FAQ. Market Update From a macro perspective we’ve seen home prices continue to hold with the greatest increases in the single family …
There are two things in life that are certain: death and taxes. And if you’re about to sell a property, then you know what’s coming next: capital gains tax. In the context of real estate, capital gains taxes are taxes that you owe for profits you make from the sale of a property. Homeowners …
Why You Should Rent Out Your Primary Residence Before Selling Read More »
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