In California, the number of homes available for sale remains significantly lower compared to historical data. Some communities like Palo Alto have been especially impacted; going back 15 years, based on Multiple Listing Service data, 625 single family homes sold in 2002, compared to 356 in 2017, representing a 43% decline! One of the reasons that […]
In our earlier post, we discussed the transfer of your property tax base from your current home to a new home located in a county with a Proposition 90 ordinance, and we explored values in some of these counties. This post continues the research about representative values in other counties that allow you to transfer […]
One of the questions we are often asked when talking to prospective home sellers who are over age 55 in Santa Clara and San Mateo counties is how does the property tax transfer work. In an earlier blog posts, we discussed Proposition 60 (property tax base transfer within the same county) and Proposition 90 (property […]
On January 1 both the U.S. Senate and House passed H.R. 8 legislation and sent the bill to President Obama for his approval. The National Association of REALTORS® summary of real estate related provisions in the bill is summarized.
An important vote is scheduled to take place in the United States Senate this week as it considers amending the Military Construction Appropriations bill to maintain a “temporary” increase in conforming loan limits. By way of background, as part of the measures taken to boost economic recovery, Congress temporarily raised the conforming loan limits from $417,000 […]