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The 3.8% Real Estate Tax – What?
San Diego, CA – Beginning January 1, 2013, a new 3.8 percent tax on some investment income will take effect. Since this new tax will affect some real estate transactions, it is important to clearly understand the tax and how … Continue reading
California Foreclosure Activity Lowest Since Early 2007
Mortgage default filings in California hit their lowest number since first quarter 2007, according to an October 17 report released by Data Quick News, a leading real estate information service. The report concluded that 49,026 Notice of Defaults (NoD) were … Continue reading
Fannie Mae: Consumer Sentiment Survey Released
Fannie Mae has released the results of their May 2012 consumer sentiment survey and the results suggest that consumer attitudes about the economy have plateaued. What was most interesting, however, was that Americans still expected homes prices to rise over 1.4% … Continue reading
NAR: April Pending Sales Report
The National Association of Realtors (NAR) released their Pending Home Sales report for April. The report suggested that pending homes sales declined 5.5% when compared with the prior month. However, the report also implied that pending homes sales increased 14.4% … Continue reading
Mitt Romney and Self Directed IRA’s
You may not agree with Mitt Romney’s politics, but you have admit that he has employed some of the best tax strategists money can buy. I have added a link to a recent WSJ article below because it is an excellent … Continue reading
