WHEN: Oline Jan. 9th
WHERE (WEBINAR):Â https://attendee.gotowebinar.com/register/3441837879236909568
- Real Estate Deals (KW Commercial Deal TBA)
- Investing in convertible notes (JD Morris, Red Hook Capital)
- Using your IRA to create notes (Brian Davis, Self-Direct IRA)
- BioTech Deal (Red Hook Capital deal TBA)
- GPS Deal (TopAlphaCapital deal TBA)
- Other Deals TBA
Happy Investing & Networking,
Read More:Â http://www.latimes.com/business/realestate/la-fi-harney-20121202,0,6866408.story
What would happen to home values in the event that popular real estate deductions for mortgage interest and local property taxes were cut significantly? It's an issue you're likely to hear more about asÂ CongressÂ and theÂ ObamaÂ administration wade deeper into "fiscal cliff" and comprehensive tax reform negotiations heading into 2013.
Some of the forecasts are scary: Any significant reductions in these long-established tax benefits would inevitably trigger declines in home values. Under some circumstances, they could be well into the double digits â€” 15%, according to Lawrence Yun, chief economist of the National Assn. of Realtors. "That's how much we can expect values to fall as buyers discount the value of the deduction in their purchase offers," Yun says.
Other projections are more nuanced: Yes, cutting back on real estate write-offs could make homes less attractive financially, but other potential features of a final tax compromise could counteract the loss of deductions, softening the net impact on values. Plus no one on Capitol Hill is talking at the moment about eliminating the mortgage interest or property tax write-offs, just capping them in some way for higher-income individuals.
Home prices increased in September in most major U.S. cities, more evidence of a housing recovery that is providing a lift to the fragile economy.Standard & Poor's/Case-Shiller reported Tuesday that its 20-city index of home prices rose 3 percent in September compared with the same month last year. Prices also gained 3.6 percent in the July-September quarter compared with the same quarter in 2011.Across the nation, prices increased in 18 of 20 cities over the 12-month period. In Phoenix, prices jumped 20.4 percent over that stretch to lead all cities. Prices in Atlanta showed a modest 0.1 percent increase, ending 26 straight consecutive year-over-year declines.
Read More: Â http://realestate.aol.com/blog/2012/11/27/home-price-increase-september-us-cities/
For your local market contact me at jd.morris@KW.com
A little-known federal law allows many members of the armed services who are transferred to another state a chance to keep their income taxes to a minimum â€” or sometimes to avoid them altogether.
Q. I am in the military and serve at a naval base in Florida, which levies no state income taxes. But now I am about to transfer to a base in California, which has one of the highest state income taxes in the U.S. Is it true that I can keep Florida as my state of legal residency to avoid paying income taxes, even after I move to the West Coast?
Read More:Â http://www.dailyherald.com/article/20121123/entlife/711239962/
Real estate agents said they've had to "get creative" to find houses for their prospective buyers in a North San Diego and Southwest Riverside housing market with hardly any houses for sale.
Buyers flooded back into the market late this summer and into the fall, but potential sellers have been reluctant to put their houses on the market priced for so much less than they bought them for.
Real estate agents have had to reach out to their networks of friends and colleagues to find houses before they hit the main Realtors' database, and some sellers' agents are keeping their listings off the database entirely, called a "pocket listing." Some agents have taken to advertising their buyers to homeowners who may not have put their houses on the market.
Read More:Â http://www.nctimes.com/business/housing-in-market-reversal-agents-toil-to-find-houses-for/article_4db2b071-c743-59a4-9a8a-02c02fcd56a9.html
Contact us to learn more about your local market:
Home prices through July posted their largest year-to-date rise since 2005, according to theS&P/Case-Shiller indexcovering 20 major metropolitan areas.
Prices rose by 5.9% from the end of last year, according to the index, compared with a 0.4% gain for the same period last year and a 2.1% gain in 2010, when tax credits fueled a burst of home sales activity.
Are price gains limited to one segment of the marketâ€”say, foreclosed properties?
Not really. Data from real-estate firm CoreLogic show that the increases are being felt across all segments of the market. Overall median home prices in August were up by 12% from one year ago, as are median prices of existing homes that arenâ€™t distressed sales.
Median prices of bank-owned foreclosures were up by 3%, while median prices were flat on short sales, where banks approve the sale of a house for less than the mortgage-debt thatâ€™s owed. Median prices of new homes, meanwhile, are up by 6%.
Read More:Â http://blogs.wsj.com/developments/2012/09/25/five-questions-why-home-prices-are-rising/