Category Archive: Real Estate

Sep 02

Virtual Reality Will Change the Way Juries View Evidence

A recent article available at www.digitaltrends.com describes how virtual reality may soon allow jurors to explore crime scenes as they actually appeared.  In the article, Dr. Mehzeb Chowdhury, a researcher in forensic science and criminal investigations at Durham University in the U.K.m describes his MABMAT robotic imaging system as capable of capturing every detail of an …

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Permanent link to this article: http://betweenthenumbers.net/2016/09/virtual-reality-will-change-the-way-juries-view-evidence/

Aug 12

Appeals Court Provides Tax Benefit to Unmarried Couples with High Mortgage Debt

A federal appeals court has agreed with an unmarried California couple that they should not be treated as married with regard to mortgage interest deductions limits. Bruce Voss and Charles Sophy are co-owners of real property.  Each claimed a home mortgage interest deduction in reliance on Section 163(h)(3) of the Tax Code, which allows for …

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Permanent link to this article: http://betweenthenumbers.net/2015/08/appeals-court-provides-tax-benefit-to-unmarried-couples-with-high-mortgage-debt/

Apr 01

FHA to Eliminate Phantom Interest Charges for Future Borrowers

Historically, loans insured by the Federal Housing Administration (“FHA”) that were paid before maturity were subject to interest charges for the full final month in which they were repaid.  Not surprisingly, home sellers with closing dates early in the month have long complained about this practice, which increases their transaction costs. In arguing against the …

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Permanent link to this article: http://betweenthenumbers.net/2014/04/fha-to-eliminate-phantom-interest-charges-for-future-borrowers/

Feb 14

Have You Considered Refinancing?

Interest rates have been near historical lows in the recent past.  Even though they are not at the lows we saw in 2012 and early 2013, they are still low.  This provides a ripe opportunity for homeowners to refinance their homes.  A recent article from The Daily Ticker, by Aaron Task, highlights some important facts …

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Permanent link to this article: http://betweenthenumbers.net/2014/02/have-you-considered-refinancing/

Dec 05

California Franchise Tax Board Provides Tax Relief for Short Sales

The California Franchise Tax Board (“FTB”) issued a letter summarizing their position regarding the tax impact of short sales.  The FTB followed suit with the IRS’ position, meaning there will not be any California state tax impact for a majority of taxpayers in this position (See my previous blog post regarding the IRS’s position).  The FTB …

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Permanent link to this article: http://betweenthenumbers.net/2013/12/california-franchise-tax-board-provides-tax-relief-for-short-sales/

Nov 23

Federal Tax Relief for California Short Sales

Many people in California continue to short sell their homes.  A short sale is when the home is sold for less than the outstanding loan balance.  In California, borrowers are generally protected from owing the deficiency resulting from a short sale.  However, the debt that is forgiven is taxable at both the state and federal …

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Permanent link to this article: http://betweenthenumbers.net/2013/11/federal-tax-relief-for-california-short-sales/

Nov 16

What Buyers Don’t Want

When you own your home, most people have a never ending to-do list of home renovations they would like to accomplish.  Home improvements can be expensive.  For most upgrades, you do not get a dollar-for-dollar increase in the value of your home.  However, most people still choose to carry out the renovation for personal enjoyment. …

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Permanent link to this article: http://betweenthenumbers.net/2013/11/what-buyers-dont-want/

Oct 22

Buyer Optimism Continues in the Real Estate Market

Real estate is known to go in cycles.  The last downturn, which started at the end of 2007/beginning of 2008, is painfully engraved in most of our memories.  There is hope though.  According to the California Association of Realtors, buyer optimism has dramatically increased in the past 5 years.  The following table summarizes the California …

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Permanent link to this article: http://betweenthenumbers.net/2013/10/buyer-optimism-continues-in-the-real-estate-market/

Sep 06

Cash is King For Home Purchases

RealtyTrac, a leading source for comprehensive housing data, recently released its July 2013 U.S. Residential & Foreclosure Sales Report.  One interesting piece of information contained in the report was the statistic for all-cash purchases: “All-cash purchases nationwide accounted for 40 percent of all sales of residential property in July, up from 35 percent of all …

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Permanent link to this article: http://betweenthenumbers.net/2013/09/cash-is-king-for-home-purchases/

Sep 05

CA Association of Realtors Try to Sell More Homes by Suggesting that Correlation = Causation

The California Association of Realtors (“CAR”) unsurprisingly wants people like you and me to buy homes. One of CAR’s newest selling tactics is an infographic proclaiming that “Owning a Home Benefits Your Children.” CAR asserts that children living with home-owning parents are much more likely to perform well in school, complete a college degree, and …

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Permanent link to this article: http://betweenthenumbers.net/2013/09/ca-association-of-realtors-try-to-sell-more-homes-by-suggesting-that-correlation-causation/

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