Taxes

2180 W. 24th Street, Historic West Adams

2180 W. 24th Street, Historic West Adams

SOLD! 5 Bedrooms + 2 Baths One of four special houses grouped in Kinney Heights by noted architect Sumner P. Hunt, this grande dame in West Adams Terrace HPOZ needs to return to her former glory!!! Grande as in LARGE–a Craftsman home with fabulous detail and a potential candidate for Mills Act tax benefits! Wonderful woodwork, spacious living […]

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Fiscal Cliff Controversy Favors Housing Recovery

Fiscal Cliff Controversy Favors Housing Recovery

Despite the controversy over ‘fiscal cliff’ negotiations involving increased taxation versus spending cuts (an argument sure to linger on for the foreseeable future), Congress did make some important and forward-thinking decisions which should positively affect the housing market and further stabilize the recovery. Among these decisions are the renewal of two major tax provisions: the […]

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Congressional Clock Ticks Toward Cliff

Congressional Clock Ticks Toward Cliff

As Congress rapidly approaches the unfortunately named ‘fiscal cliff,’ with its military and domestic budget cuts (‘sequestrations’) and threat of double-dip recession, we in the real estate biz are reminded of the dire implications for millions of distressed homeowners and the housing market as a whole. With the balance of power virtually intact post-election, the […]

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6 Tax Facts For Home Sellers

6 Tax Facts For Home Sellers

Courtesy of the California Association of Realtors and the IRS…    

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Enough Malarkey

Enough Malarkey

After enduring the malarkey of last night’s VP debate, which brought barely a mention of the country’s ongoing housing crisis and no consideration for the millions of distressed homeowners facing their own personal ‘fiscal cliff’ should Congress once again fail to act, today’s post focuses on the impending lame-duck congressional session and what it means […]

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