Source: Los Angeles Times Real Estate News
With housing inventories at a historic low, real estate leaders are proposing to amend Proposition 13 to give homeowners a tax break when they sell and thus generate more supply and reduce pressure on prices. The change would apply to the 1978 tax-reduction measure and appear on the November 2018... [...]
Thu, Jul 13, 2017 10:50:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The sale of a storied Los Feliz estate and a $50-million exchange in sunny Malibu were among L.A. County’s priciest real estate transactions in June. $50 million — Malibu The Crummer Estate, an undeveloped, 24-acre property on Pacific Coast Highway, sold in Malibu’s third priciest deal of the year... [...]
Thu, Jul 13, 2017 1:30:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Dear Liz: I’ve have been following your responses related to the tax exemption on home sales. I understand that up to $250,000 per person of home sale profit is exempt from capital gains taxes and that married couples are entitled to exempt up to $500,000. My spouse and her two [...]
Sun, Jul 09, 2017 10:00:00 AM, Continue reading at the source
Source: Los Angeles Times Real Estate News
The traditionally hot summer months for housing market activity are living up to their reputation already. Homes in all price ranges are selling quickly, drawing multiple bidders and sometimes going for above their asking prices. This week we look at actors, athletes and others of note who have... [...]
Sat, Jul 08, 2017 7:05:00 AM, Continue reading at the source
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