Costa del Sol property blog, Corporate Relocation Specialists

A Light at the End of the Commercial Tunnel

From Costa del Sol property blog, Today, Read 0 times. Similar articles

Observers of the commercial real estate market in California are beginning to see light at the end of the tunnel. ?After eighteen months of pessimism about office and industrial markets we are now seeing indications that, after the markets hit bottom later in this year or early next year, they will follow the pattern of [...] Read more

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Did the Housing Credit Attract New Buyers'

From Costa del Sol property blog, Today, Read 0 times. Similar articles

At least one noted economist doesn't believe that the home buyer tax credit brought new buyers into the market. Milton Ezrati, a senior economist and market strategist at Lord Abbett, argues that the credit only encouraged buyers to rethink their timing. ?People who were looking crowded their purchases into March and April in order to [...] Read more

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Rentals Are a Booming Business

From Costa del Sol property blog, Yesterday, Read 0 times. Similar articles

Web sites like Airbnb.com, HomeAway.com, and Craigslist are enjoying a surge of listings from home owners, many of whom admit they are hoping to avoid foreclosure by renting out their properties. Airbnb.com ? its full name is AirBed & Breakfast ? is the newest of these sites. Since its founding in 2007, it has grown [...] Read more

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Seller Financing Can Have Tax Advantages

From Costa del Sol property blog, Yesterday, Read 0 times. Similar articles

Offering to hold either a second mortgage or a primary mortgage in either a residential or a commercial sale can be a good deal for the seller. The primary advantage is deferral of taxes due. Sellers are normally taxed as the principal is received, spreading the tax bill over several years, explains Richard Schank, a [...] Read more

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Fannie Mae Reviews Last-Minute Credit Checks

From Costa del Sol property blog, 2 days ago, Read 0 times. Similar articles

Fannie Mae announced last week that it is reviewing the rule it put in place earlier this year requiring lenders to do a second credit check shortly before closing. The goal of the rule is to identify new debt that might undermine an applicant's ability to pay, but for both home buyers and lenders, the [...] Read more

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Home Builder Confidence Declines

From Costa del Sol property blog, 3 days ago, Read 0 times. Similar articles

The National Association of Home Builders monthly reading of builder confidence declined to 14, the lowest level since March 2009. ?The pause in sales following expiration of the home buyer tax credits is turning out to be longer than anticipated due to the sluggish pace of improvement in the rest of the economy,? David Crowe, [...] Read more

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Spending Index Declines in June

From Costa del Sol property blog, 4 days ago, Read 0 times. Similar articles

The Deloitte Consumer Spending Index declined in June, down for the second consecutive month. Factors included decreasing real wages, continuing heightened unemployment, a shrinking tax base ? and, of course, the housing market. The home buyer tax credit ended and home sales quickly declined and prices shrunk, said Carl Steidtmann, chief economist with Deloitte Research. [...] Read more

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New 1099 Rules Aimed at Curbing Tax Cheaters

From Costa del Sol property blog, 5 days ago, Read 0 times. Similar articles

Self-employed real estate practitioners should expect a host of new paperwork beginning in 2012. That will be the first year that whenever a firm buys more than $600 a year in goods or services from a vendor ? whether it is a giant company or a one-person show ? the vendor will be due a [...] Read more

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Calculating the New Medicare Tax

From Costa del Sol property blog, 5 days ago, Read 0 times. Similar articles

The healthcare reform law passed earlier this year includes a little-discussed tax on some forms of real estate transactions. The tax, which supports Medicare, potentially affects couples with adjusted gross incomes greater than $250,000 a year and singles with incomes above $200,000. Existing home sale tax breaks remain in place. The tax is levied on [...] Read more

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Pregnant Women Have Trouble Getting Mortgages

From Costa del Sol property blog, 6 days ago, Read 0 times. Similar articles

Some lenders are balking at approving loans when a new parent has temporary lost income because she is home taking care of the baby. Even if a parent expects to be back at work in weeks, banks still may deny the mortgage. ?If you are not back at work, it's a huge problem,? says Rick [...] Read more

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