An expanding problem California’s housing production has long lagged behind demand. This chronic shortage has only gotten worse — and more pervasive — in recent years. While the nation as a whole fell short 1.65 million housing units in 2012, that number has more than doubled to 3.79 million units in 2019. As of 2019, California […]
Author Archives: Kim Johnson
Just Closed on this Beautiful Property in Pine Mountain Club
We just closed on this beautiful property here in Pine Mountain Club. Our friends were living in a rental property and knew that paying rent every month was not getting them ahead. They asked me to represent them as their buyers realtor, in buying a property that they already found and loved. The purchase went […]
Mortgage HELOCs are now “raging back”
Homeowners with lower-rate loans turn to home-equity lines of credit as rising rates stem cash-out refi demand A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel […]
Eviction Prevention Focus of White House Summit
Here are the key takeaways from the latest Summit – and what NAA is doing in response. Read more. Earlier this month, the White House and the United States Department of the Treasury hosted the White House Summit on Building Lasting Eviction Prevention Reform. The White House invited federal, state and local policymakers, as well […]
‘Home Sellers Were Spoiled’: 5 Rude Awakenings To Brace For If You’re Selling Your Home Today
For the past two years, real estate has been in a raging seller’s market. Sellers have been able to expect offers well over the asking price, frantic bidding wars, and few if any strings attached. They’ve basically been able to name their price and get it, with some extra to spare. But those glory days may be coming […]
Don’t get sucker-punched by capital gains taxes when you sell your home
Having a taxable gain on a home sale used to be less common. Here’s what to know about exclusions and how to lower the tax bill. If your home’s value has soared, congratulations. If you decide to sell, beware. Financial adviser James Guarino says some clients don’t realize that home sale profits are potentially taxable until their […]
Nearly three quarters of millennials are more than $100,000 in debt, most not from mortgages: report
Story at a glance The findings of a new survey from the site Real Estate Witch shows that almost three quarters of millennials have more than $100,000 in debt. Most of that debt is non-mortgage debt. But while millennials have a large amount of debt, many are optimistic that they can pay it off over […]
Key Trends in the 2022 Cost vs. Value Report
Despite sharp cost increases in 2021, the decline in overall ROI in the 2022 report was a modest 1.2%, proving the resilience of the remodeling market. The 35th annual Cost vs. Value report by Zonda (JLC’s parent company) shows improvement projects that are on the exterior of the house continuing a multiyear trend of providing the […]
Want to rent your home with a pool? Here’s what you’re liable for
Who doesn’t love a pool in the summer? Rental properties with swimming pools are in high demand on platforms like Airbnb, and hosts are often able to charge a premium. But fluffy towels and comfortable chaise lounges aside, having a pool comes with a fair share of headaches — and liability. A majority of drownings in at-home […]
Increased Foreclosure Activity in First Six Months of 2022 Approaches Pre-Covid Levels
IRVINE, Calif. – July 14, 2022 —ATTOM, a leading curator of real estate data nationwide for land and property data, today released its Midyear 2022 U.S. Foreclosure Market Report, which shows there were a total of 164,581 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2022. That […]