by Heather | Dec 27, 2013 | C.A.R., TSBOR, TSMLS
Last week, the Federal Housing Administration (FHA) announced it was reducing the loan limit for FHA-insured loans from $729,750 to $625,500 beginning Jan. 1, 2014. However, while the FHA is required by statutes under the Housing and Economic Recovery Act (HERA) to...
by Heather | Dec 26, 2013 | NAR, TSBOR, TSMLS
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by Heather | Dec 23, 2013 | C.A.R., TSBOR, TSMLS
Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.), California pending home sales rose in October, with the Pending Home Sales Index (PHSI) climbing 2.5 percent in October to 109.3, up from 106.7 in September, based on signed contracts. ...
by Heather | Dec 19, 2013 | C.A.R., TSBOR, TSMLS
Short sales in California are generally not subject to state or federal income tax for cancellation of debt. The Franchise Tax Board (FTB) issued a letter yesterday stating that, as nonrecourse obligations, short sales in California are not subject to state income tax...
by Heather | Dec 17, 2013 | C.A.R., NAR, TSBOR
The NATIONAL ASSOCIATION OF REALTORS® has issued a nationwide Call-for-Action, urging members to contact their Members of Congress in both houses and bring the Homeowner Flood Insurance Affordability Act (H.R. 3370 and S. 1610) to the floor for immediate consideration...
by Heather | Dec 16, 2013 | C.A.R., TSBOR, TSMLS
Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Renter Survey,” renters continue to hold homeownership in high esteem, and it remains a goal for the majority of them. Nearly three-quarters of renters rated homeownership as...
