California Assembly bill AB1406 seeks to raise from 3% to 10% the cost that a buyer of a newly constructed residence has to pay if they back out of their purchase contract (without contingencies). This bill is widely supported by pro-housing and YIMBY groups. It is expected to make construction loans cheaper for builders. However, […]
AB 1406 – Automatic 10% Damages For New Construction Purchase Read More »
Both Trump and Newsom want to regulate corporate ownership of single-family homes. An argument can be made that it is better to regulate an activity before it is a problem than to clean up a problem. Is corporate ownership of houses in California creating affordability problems? The Largest Corporate Owners Of Homes Limited information is
Corporate Ownership Of Single Family Homes Read More »
3-Bedroom vs 4-Bedroom House Prices Knowing typical house prices for three bedrooms vs. four bedrooms can help you decide what to look for or whether to remodel or build an addition. A detailed comparison would have to consider all of the typical factors: the location, the house size, the lot size, and the age of
Affect Of The Number Of Bedrooms On House Prices Read More »
There is new information about the Zillow vs. Compass battle over private listings. According to Homes.com, Zillow “banned” a real estate agent’s listing that hadn’t been submitted to Zillow. It had been listed on the Bright MLS and complied with MLS and NAR rules. Should someone search for the property on Zillow, it will appear
Private Listings, Both Want A Monopoly Read More »
Various tax regulations on real estate are both loved and hated by various people. Proposition 13 in California is blamed by prospective home buyers as being one of the reasons buying a house is so expensive. “Long-time homeowners aren’t paying their fair share.” What we rarely see is that income tax deductions for mortgage interest
Mortgage Deductions For New Home Buyers vs Prop 13 For Old Buyers Read More »
