LOS ANGELES — A property about to go on the market here consists of 157 acres of hilltop land in the coveted Beverly Hills 90210 ZIP code, a 10-minute drive from Rodeo Drive. With its 360-degree views, you can spot many of Los Angeles’ major landmarks in the distance, from Century City to downtown, and …
Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped by 11.8 percent year over year as prices shot up to a record high, according to CoreLogic. The report covers Los Angeles, Riverside, San Diego, …
Is This Signaling The End Of The Real Estate Boom? Read More »
Foreclosure starts just plummeted in June to their lowest level in 17 years, according to the latest report from Black Knight. Foreclosure starts dropped 3.1% from May to June to the lowest single-month total in more than 17 years, according to the report. The inventory of mortgages in active foreclosure dove 30% from last June, according …
by Mainstar Trust Whether to use a traditional or a Roth IRA is a decision anyone saving for retirement with an IRA must make. Both types of IRAs allow you to accumulate significant funds for retirement, but each provides different tax advantages. The answer to the question of “Which is the better IRA for me?” …
Rents in California have skyrocketed over the past decade, thanks to the innumerable restrictions, taxes, and fees that the state imposes on new housing development. Now Sen. Kamala Harris (D-Calif.) wants the rest of the country to pay to fix this problem. On Thursday, Harris, along with Sens. Richard Blumenthal (D-Conn.), Maggie Hasan (D–N.H.), and …
by J.D. Tuccille Do you have a permit for that? If you want to keep that permit, you’d better do as you’re told. Increasingly, that’s the theme of modern America. More and more of what we do is dependent on permission from the government. That permission, unsurprisingly, is contingent on keeping government officials happy. Rub those …
More and More of What We Do Depends on Government Permission Read More »
Investors are bullish that more Americans will choose to be renters, and they’re buying up even more single-family homes to make sure they are ahead of the trend. The number of homes purchased by major investors in 2017 was about 29,000, up 60 percent from the previous year, according to Amherst Capital Management LLC, a …
When it was created,the Consumer Financial Protection Bureau (CFPB) budget was not put under Congressional control. It is funded by the Federal Reserve. The U.S. House wants to change that. On July 19, the House approved H.R. 6147, a bill that puts Congress in control of the CFPB budget. The vote was 217 for and …
A Texas real estate promoter has been sentenced to 20 years in state prison for securities fraud and theft for swindling investors. The jury only needed 15 minutes to convict Everett Craig Williams. He was also ordered to pay $189,000 in restitution to investors who didn’t know the money they thought they were putting into real …
According to the Wall Street Journal, from developers to nonprofits, everyone is grabbing for the tax breaks offered for investments in low-income neighborhoods, or “opportunity zones.” These zones were created as part of the tax overhaul and allowed governors to designate up to 25% of their state’s low-income Census tracts as tax-favored opportunity zones where investors can defer …
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