Real Estate News

Source: Los Angeles Times Real Estate News
Question: Will the congressional tax bill, either the Senate or House version, be good for San Diego’s economy? Phil Blair, Manpower NO: As a state with very high state income taxes and high real estate costs, resulting in high mortgage interest costs, the lack of deductibility of these costs will... [...]
Fri, Dec 08, 2017 2:00:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Next year could feature more money for renters but increased difficulty for potential first-time homeowners, said experts at a housing outlook conference at University of San Diego. The shadow of pending legislation in Congress colored much of the discussion Thursday, as did continued concern over... [...]
Fri, Dec 08, 2017 1:00:00 AM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Californians still might retain their ability to deduct state and local taxes from their federal returns under the Republican overhaul — but with a catch. The total annual deduction would be capped at $10,000, which is the same level as a limited deduction for property taxes that both the House... [...]
Fri, Dec 08, 2017 12:15:00 AM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The Senate passed a sweeping tax bill Saturday morning that has housing advocates, real estate agents and industry groups worried. At the same time, Republicans who led the tax reform push are celebrating it as a boon for economic growth — ultimately helping the housing market. It’s not a done... [...]
Mon, Dec 04, 2017 11:55:00 PM, Continue reading at the source