Beyond the Headlines- What’s Happening in Real Estate Pt 38
The Dawn Thomas Team is constantly trying to keep our clients and the
inquiring public up to date on the goings-on of the Real Estate Market. These
days there is so much information coming out daily that it’s hard to keep it all
straight and not miss important articles. We’ve recently written about sellers, buyers, taxes and loans-all
of these things are important factors in the Real Estate Market-a very integral
arm of our current economic climate. So today we give you two articles–and a bit
of advice– that we think are important for you, our clients and the public, to
know. Read on!
LEADERS OF THE SENATE FINANCE COMMITTEE LAUNCH QUEST TO REWRITE TAX CODE
Source: The Wall Street Journal
Senator Max Baucus, Chairman of the Senate Finance Committee, along with the committee’s leading Republican, Sen. Orin Hatch, are taking a “blank slate” approach to rewriting the country’s notoriously complex tax code. While it is merely speculation at the moment, the legislators are reportedly expecting their colleagues to come to the table prepared to defend which tax breaks should be retained rather than focusing on which they believe should be cut. The NATIONAL ASSOCIATION OF REALTORS® is championing real estate tax provisions, such as the mortgage interest deduction, and the CALIFORNIA ASSOCIATION OF REALTORS® will follow suit.
Read the full story
HOMES NEAR PUBLIC TRANSIT ARE LESS LIKELY TO GO INTO DEFAULT
Source: The Atlantic
According to an analysis of 37,000 mortgages, properties in smart locations are substantially less likely to incur default on payments than those in average locations, with “smart” being defined as having a reduced commute time, use of rail transit, walkability, the presence of retail uses, the integration of affordable housing, and proximity to parks and open space.
Read the full story
LEADERS OF THE SENATE FINANCE COMMITTEE LAUNCH QUEST TO REWRITE TAX CODE
Source: The Wall Street Journal
Senator Max Baucus, Chairman of the Senate Finance Committee, along with the committee’s leading Republican, Sen. Orin Hatch, are taking a “blank slate” approach to rewriting the country’s notoriously complex tax code. While it is merely speculation at the moment, the legislators are reportedly expecting their colleagues to come to the table prepared to defend which tax breaks should be retained rather than focusing on which they believe should be cut. The NATIONAL ASSOCIATION OF REALTORS® is championing real estate tax provisions, such as the mortgage interest deduction, and the CALIFORNIA ASSOCIATION OF REALTORS® will follow suit.
Read the full story
HOMES NEAR PUBLIC TRANSIT ARE LESS LIKELY TO GO INTO DEFAULT
Source: The Atlantic
According to an analysis of 37,000 mortgages, properties in smart locations are substantially less likely to incur default on payments than those in average locations, with “smart” being defined as having a reduced commute time, use of rail transit, walkability, the presence of retail uses, the integration of affordable housing, and proximity to parks and open space.
Read the full story
This blog is courtesy of The Dawn Thomas Team who is an
award-winning Real Estate Agent team at Intero Real Estate Services in Los Altos
650-701-7822. We help nice people with selling and buying homes in the greater
Silicon Valley and Beyond!
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