California Homeowners Bad News
California Homeowners
Senate-Passed Tax Legislation Bad News for Homeowners
Yesterday morning, the U.S. Senate, by a vote of 51-49, passed legislation that would change the face of homeownership in this country for decades to come. The House passed its own version of tax reform Nov. 16,2017.
A last-minute change to the Senate version would make up to $10,000 in property taxes deductible for the small number of homeowners who would still be itemizing. Previously, the Senate version had eliminated the property tax deduction entirely. The change aligns with the property tax cap set in the House bill. One difference between the two bills is that the Senate version retains the deductibility of mortgage interest payments on up to $1 million of indebtedness; the House version caps indebtedness at $500,000 (again, for the small minority still itemizing).
Now, members of the Senate and the House must meet to agree on a final bill. It’s not too late to make your voice heard.
Join us in telling your members of Congress that incentives for homeownership and the capital gains tax exclusion on the sale of a home MUST be protected. Read more 
San Diego Real Estate Market Observations
San Diego Real Estate Market Observations
In this video I give my observations and opinions on the San Diego real estate market in mid-July 2017. actually, these are just my personal opinions so before acting on any of the information here I would advise talking with your accountant and financial advisor prior to making any real estate contractual commitments.
Well, with that said, I can say one thing for certain. That is this market does not look anything like the top of our San Diego real estate market did in the summer of 2005.
Driving the real estate frenzy that ended in the summer of 2005 was the ease of getting mortgages without stringent qualifications. in today’s San Diego real estate market home buyers really have to qualify to handle the mortgage payments. What’s really driving our current San Diego home price appreciation is the basic economic principle of supply and demand. Read more
San Diego Real Estate Internet Traffic
San Diego Real Estate Internet Traffic
We had over 25,100Â unique visitors to this site last month! Please keep in mind I’m not talking about hits here, I’m talking about unique visitors a much more accurate way to track website popularity.
A unique visitor is one visit from a unique IP address within a 24-hour period. What this means, is that if you visited this site today from your smart phone, laptop, or desktop computer, it would count your visit as one unique visit. If a few hours later today, you again visited the site from the same Internet appliance, your second visit would not be counted at all. If you visited again the following day, or perhaps I should say at least a minimum of 24 hours from your last visit, it would count you as another unique visitor. Read more
San Diego Housing Market Analysis 4th Quarter 2016
San Diego Housing Market Analysis
©2016 By Mark A. Melikian California Certified Residential Appraiser appraisals@san.rr.com P.O. Box 3051 Del Mar, California 92014 858-945-8996
The following is a market data summary of detached and attached properties as reported by the San Diego County MLS system. The data includes all zip codes in San Diego County. All projections discussed in this analysis will be updated throughout the year in subsequent quarterly reports.
San Diego Housing Market Overview: The data provided analyzes residential real estate sales beginning in the year 2000, which is used as the base year. The number of sold listings in San Diego County peaked in 2003 at 42,746 units and decreased through 2008 to 23,972 units. In 2016, the total number of units sold for the year was 36,236, up from 35,232 sales in 2015 (see Figure 1).
Market Overview: The monthly absorption rate (number of units sold in a given month) will mirror the trend we see in the number of sold listings. The peak monthly absorption rate occurred in 2003 with 3,562 units selling per month. In 2008, the monthly absorption rate decreased to a low of 1,998 units. The 2016 monthly absorption rate was 3,020 units, up from 2,936 units in 2015 (see Figure 2). Read more
Real Estate Halloween
Real Estate Halloween
Halloween Airedale Terrier
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here in California many people who get involved in a real estate transaction sometimes feel it’s very scary because of the myriad of paperwork that both the state and federal government require. So, as a fair warning if you haven’t sold or purchased a property yet in California, be prepared to be a little scared when you are confronted with what seems like an endless flow of required forms and disclosures.
If you have an experienced and knowledgeable real estate professional to assist you you won’t have any less paperwork but you will have an understanding of not only what you are signing, but insight into each forms intended purpose.yes, if you don’t want to feel scared or end up with a frightful outcome to your real estate transaction, it’s always best to have a seasoned real estate professional representing your interests. With that said, unfortunately even a real estate professional, can take the fright out of the hollowing season!
Read more
Invest in Your Home
Invest in Your Home
This survey shows that the majority of women understand that in order to have a comfortable retirement they have to invest. Well, what better first investment can there be than owning your own home versus renting a similar size property?
Here in San Diego, depending on your financial situation it has usually been far better to own your first home, or if you want to look at it another way, to invest in your first home, then to rent a similar size property.
In the last few years, here in San Diego leasing real estate prices especially for starter homes and condominiums really increase. Also, we have seen rents in San Diego jumped way up because of a shortage of supply. Read more
San Diego Real Estate Website Traffic
San Diego Real Estate Website Traffic – July 2016
Shown below is our unique monthly visitor count. What this means is that a person visiting our site is counted one time based on their unique IP address of their computer. So, even if they go back later in the day and visit a number of times more, it would still only be counted as one visit within a 24-hour period. Read more
San Diego Real Estate Traffic
San Diego Real Estate Traffic
Unique real estate website traffic
Below is a graph showing our unique traffic to www.brokerforyou.com for the first four months of 2016 this site has been able to generate over 25,340 unique visitors per month!
I should explain here, that unique traffic to a website is totally different than website hits. Actually, website hits is just a measuring how many different graphics are loaded onto pages when they are accessed. Another words, if someone visits your homepage and you have one 23 graphic elements on that page, this will count as 23 hits.
Now, looking at unique visits one person visiting your site will only be counted once from the same computer or mobile device in a 24 hour period. So again in our example, one visit here will show up as one unique visit and even if that same person was to go back to the site three or four more times during the next 24 hour period it would not count again toward unique visits. Now, I should say that’s assuming that they use the same mobile device or the same computer to access the site. Because the website counts the unique IP address on each one of these devices and more than one visit in a 24 hour period from the same IP address will be ignored.
So, you can see that looking at unique website visits is really the best gauge for popularity of a website. Read more
Real Estate Agent San Diego
Real Estate Agent San Diego
With over three decades of residential real estate experience, hiring Bob can ensure that you get the best possible price whether buying or selling real estate in San Diego California. Real Estate Agent San Diego Bob Schwartz:
If you are considering buying or selling San Diego real estate you are entering into what for most people will be their biggest monetary transaction of their lives. There is a big difference between a California real estate agent and the California real estate broker. Read more
San Diego Home Sales
San Diego Home Sales Drop
California Real Estate
The San Diego Association of Realtors latest report for San Diego single-family home resales for the month of November were down by 25% when compared to November 2014! Also, condominium and townhome sales were down by 24% from October but on a year-to-year basis were actually up!
Now, as far as the San Diego median single-family home prices, they were up 10% in November compared to October’s median home price. It looks like San Diego home prices are on track to finish the year up approximately 6% over 2014! Read more