DQNews posted a summary and numbers on Feb 6, 2013 discussing that the number of homes purchased without financing is at a record high. “Cash purchases accounted for a record 32.4 percent of California’s overall home sales last year, up from 30.4 percent in 2011 and more than double the annual average of 15.6 percent […]
Record Number of Homes Bought With Cash in 2012 Read More »
From time to time neighbors discover that a fence between their properties is not located on the true property line. California allows a fence to establish the property boundary if the true boundary is not known (imagine a twisting property line following a no longer existing road) and if the adjacent landowners agree to the
Do Fences Establish Boundary Lines? Read More »
Most homeowners are very aware that mortgage interest can often be a deduction from their income taxes. The maximum outstanding mortgage debt for which interest is deductible is $1 million. The maximum outstanding home equity debt for which interest is deductible is $100,000. http://www.irs.gov/publications/p936/ar02.html Deductions for premiums for mortgage insurance (PMI) are not as well
Tax Savings of Home Ownership Read More »
The improving job market should continue to drive demand for housing up in 2013. The Milken Institute ranked the San Jose – Sunnyvale – Santa Clara metropolitan area as the #1 ranked city for creating and sustaining jobs and economic growth in 2012. This metropolitan area was ranked #51 in 2011. The economic downturn of
Rising Home Prices in 2013 ? Read More »
Many homeowners living near the Caltrain tracks have been wanting the High Speed Rail to be built in a way which improves their neighborhoods. Trenched, tunneled, and raised tracks have all been discussed. A recent blog post probably shows the future. It looks like raised tracks are likely in south Palo Alto. The Caltrain HSR
High Speed Rail – road crossings Read More »
