The Median Home Price for a single family residence in Danville in December 2016 was $1,213,000. That Median Home […]Read More
Analysts are now starting to take a look at the big questions that will matter in the home market […]Read More
This will be the year for some substantial changes within the Danville and San Ramon retail landscape. Each city […]Read More
One top factor that people look for when buying a home is the community and walkability of the area. Home […]Read More
As we’ve all waited several weeks to hear of the final version of the massive tax law changes, Congress has finally come to an agreement.
As it relates to the real estate industry, the biggest impact is that the mortgage interest tax deduction will exist up to $750,000 of the mortgage. This is better than the proposed limit in the original House version. With regards to Property Tax and even State Income Taxes, Congress is looking at allowing a deduction for up to the first $10,000. The minimum residency period is also still planning to be raised to be 5 of the past 8 years. These are the anticipated tax law changes as they relate to the real estate industry right now.
Please sign up to keep in touch with me for more details on the tax law as things become clearer. I’m Karen, your Mortgage Genie, helping you find the home of your dreams.
The Proposed New Real Estate Tax Laws: How do they impact home buying? I debated writing this article as the […]Read More
While each chamber of Congress recently approved a version of new tax regulations, the direction is clear. We are in for a whole new era of taxes. While I would strongly recommend consulting a tax consultant, I do want to give you an idea of how I understand this will impact the home buying market. The big difference between the versions is the amount of mortgage interest deduction that will be allowed. On new mortgages, the House version caps it at the interest on the first $100,000. The Senate version caps it at $1,000,000. In addition, there is the possibility that the property tax will no longer be a valid itemized deduction. I anticipate for things to become clearer prior to Christmas but whatever happens, these changes will likely impact the real estate market.
I’m Karen, your Mortgage Genie, helping you find the home of your dreams.
There are many reasons you may be considering refinancing a home loan. Refinancing may allow you to get a […]Read More
Buying a home that stands apart is what Bay Area home buyers are looking for in this competitive housing […]Read More
The Bay Area neighborhood amenities and attractions that you enjoy in communities such as Danville, Alamo, and San Ramon […]Read More