The KCM Crew gives you a couple of reasons it’s wise to buy right now instead of renting. 1. Homebuyers spend an average of 15.3-17.4% of their income on their mortgage, while renters pay 29.9%. 2. Buying a home is 30.8% more affordable than renting compared to statistics from 1985-1999. To view their entire post, […]
Real Estate Tips
2015 Real Estate Laws: Tax Exemption for Mortgage Debt Forgiveness
Today begins our series about new 2015 California Real Estate laws. Click here to see the series. 2015 Real Estate Laws: Tax Exemption for Mortgage Debt Forgiveness This law extends California’s exclusions of taxation of mortgage debt forgiveness for qualified principal residence indebtedness in partial conformity with the federal Mortgage Forgiveness Debt Relief Act of 2007. […]
Expect Modest Price Growth in Housing Market in Next 12 Months
With rising inventory and modest expectations of demand growth, REALTORS® responding to the October 2014 survey expected home prices to increase modestly in the next 12 months, according to data gathered from the October 2014 REALTORS® Confidence Index Survey. Local conditions vary with expectations anchored on factors such as the level of inventory, the state of […]
Down Payment Assistance For California Residents!
From the First Team blog: Good news for California residents, the California Housing Finance Agency is making it easier for first time home buyer’s to secure a low down payment with the CHDAP 3% down payment assistance program. CalHFA has reduced the buyer’s minimum to just 1% in certain cases which means now is a […]
The Government Shutdown And The Housing Market
We’re not quite sure how the government shutdown and the housing market affect each other yet–but we do know that more than 90% of the residential housing market depends on the government and/or the Government Sponsored Enterprises for underwriting, insurance, and funding. We’ll be keeping our eye on this for you and updating you with […]
Orange County Investment Seminar Wrap-Up
Last week we put together an informative and fun investment seminar for our friends, colleagues, and past and present Clients. We heard from many of you who wanted to attend but couldn’t, and thought that while you wait for us to schedule our next event we would share some highlights from last week’s class. We […]