moving – Page 28 – Find a Broker™

The Hot and Cold Real Estate Market: New Listings Drop by 19%, Pending Sales Decrease by 16% But Buyers Are Still Active

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The housing market has been on a rollercoaster ride over the past year. However, this year has seen a significant decrease in the number of new homes for sale, leading to a shortage of inventory and a reduction in pending home sales.

According to data from Redfin, new listings of homes for sale have dropped by 19% year over year during the four weeks ending May 7. This shortage of inventory has led to a 16% reduction in pending home sales compared to last year. However, despite the decrease in pending home sales, Redfin has reported an increase in sales over the last week, which is typical for this time of year.

One surprising trend in the current market is that almost half of the homes that sell are purchased within two weeks of being listed. This is an atypical situation for this time of year, but it shows that buyers are actively searching for homes, and when they find one they like, they are willing to move quickly.

The median home sale price was $370,625, down 2.7% from a year earlier. This marked the 11th-straight four-week period of declines. While this is good news for buyers who have been priced out of the market in the past, it also reflects the inventory shortage and the fact that there simply aren’t enough homes for sale to meet demand.

Redfin Deputy Chief Economist Taylor Marr explained, “This spring’s housing market is hot but cold, with scant listings making it less active than usual but fast and competitive at the same time. The good news is that buyers are out there, trying to find a seat in a game of musical chairs. The bad news is there aren’t enough chairs.”

So, what does this mean for buyers and sellers? For buyers, it means that competition is fierce, and you may need to act quickly if you find a home that you like. For sellers, it means that now is a great time to list your home if you have been considering it. With so few homes on the market, there is a good chance that you will get multiple offers and potentially even a bidding war.

The current housing market is a mixed bag. While there is strong demand for homes, there simply aren’t enough homes for sale to meet that demand. This has led to a shortage of inventory and a reduction in pending home sales. However, buyers are still actively searching for homes, and when they find one they like, they are willing to move quickly. For sellers, now is a great time to list your home and potentially get multiple offers. It’s a tough market to navigate, but with the right strategy and a little bit of luck, buyers and sellers alike can come out on top. https://wrenews.com/fewer-listings-but-faster-home-sales/

Thinking of moving or investing and need a referral for a Real Estate Broker, we can help: email us at TEAM@McDanielCallahan.com, fill in the form below or call 925-838-4300. Terry McDaniel DRE license #00941526

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Coming soon listing: https://findabroker.com/2023/05/13/westside-alamo-listing-coming-soon/

Westside Alamo, Listing Coming Soon

Stunning single-level 4 bed 2.5 bath located in beautiful Westside Alamo surrounded by Heritage Oaks and majestic Redwoods. Boasting views of the park-like backyard from windows in the great room and primary bedroom. The home features a spacious great room, living-dining rooms, wine storage room, and an updated kitchen providing ample space for entertaining guests or relaxing. Primary bathroom with Jacuzzi tub. New bathroom updates include bidet toilets. Step outside into the serene backyard with a pool (fully fenced) and covered cabana and a restaurant-style kitchen, perfect for hosting parties or enjoying a summer barbecue. Surrounded by a garden with raised planter beds, fully irrigated and protected from wildlife. Extra large side yard. Space allows for future expansion. Great location close to schools and trails.

136 La Sonoma Way, Alamo CA

$2,850,000 Open House Thursday May 18th from 10-1 and Sunday the 21st from 1-4

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6 Reasons Why Buying Land or a Compound could be a Smart Real Estate Investment for You

Buying land or a compound can be a smart investment choice for many reasons. Whether you are looking to develop the property, hold it for appreciation, or generate rental income, investing in land or a compound can offer a range of benefits. Here are some of the advantages of investing in real estate in the form of land or a compound:

Limited Supply: Land is a finite resource, and the amount of available land is limited. This means that the value of land tends to appreciate over time as demand for it increases, making it a potentially profitable investment.
Flexibility: When you buy land or a compound, you have the flexibility to use it in a variety of ways. You can build a residential or commercial property on it, hold it for future development, or use it for agricultural or recreational purposes.
Tax Benefits: Investing in real estate can offer a range of tax benefits, including deductions for property taxes, mortgage interest, and depreciation.
Rental Income: If you choose to rent out the property, you can generate rental income that can provide a steady stream of passive income.
Diversification: Investing in land or a compound can offer diversification for your investment portfolio, which can help to reduce risk and protect your overall investment.
Appreciation: Over time, the value of land tends to appreciate, especially in areas with growing populations or limited available land.

Investing in land or a compound can be a smart investment choice, offering a range of benefits such as limited supply, flexibility, tax benefits, rental income, control, diversification, and appreciation. If you are considering investing in real estate, land or a compound is definitely an option worth exploring.

Compound for sale, coming soon: http://www.30erobertdrive.com/

Land for sale: https://www.landwatch.com/perry-county-tennessee-recreational-property-for-sale/pid/411796198

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Cross Collateralized Bridge Loans: A Solution for Homeowners Moving to a New Home

Are you considering buying a new home but haven’t sold your old one yet? It’s a common dilemma that many homeowners face. They want to move into a new house but need the money from the sale of their old home to afford it.

But what if there was a solution that allowed you to buy the new home you want and then sell your old home at your own pace? That’s where a Cross Collateralized Bridge Loan comes in.

I’ve seen many clients struggle with this situation. They want to make the transition between homes as smooth as possible without having to worry about timing the sale of their old home perfectly. That’s why I often recommend a Cross Collateralized Bridge Loan to help bridge the gap between buying and selling.

So, what exactly is a Cross Collateralized Bridge Loan? It’s a loan that allows homeowners to borrow money to buy a new home while still owning their old one. The loan is secured by both properties and is paid back when the old home is sold.

This type of loan provides homeowners with the flexibility to move into their new home right away, without the added stress of trying to sell their old home first. It also allows them to take the necessary time to properly prepare their old home for sale without feeling rushed.

At the end of the day, a Cross Collateralized Bridge Loan can be a great solution for those looking to buy a new home while still owning their old one. It provides peace of mind and flexibility during what can be a stressful time in a homeowner’s life.

We are always looking for ways to make the buying and selling process as easy and stress-free as possible for clients. If you’re considering a Cross Collateralized Bridge Loan, don’t hesitate to reach out to me for more information. We are here to help you make the best decision for your unique situation.

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Are you considering buying a second home?

Perhaps you’re thinking of purchasing a vacation home, a rental property, or a future family inheritance. Whatever your reason for buying a second home, it’s important to be aware of the tax implications that come with owning an additional property.

One important tax consideration is property taxes. Depending on where your second home is located, you may be subject to significant property tax bills. However, the good news is that property taxes are generally tax-deductible, but only up to the current limit of $10,000. It’s important to keep this limit in mind when budgeting for your second home purchase.

Another tax consideration is mortgage interest. As with your primary residence, mortgage interest on your second home is tax-deductible. However, there is a limit to how much mortgage interest you can deduct. For taxpayers, the limit is $750,000 of total debt. This means that if you have mortgages on both your primary residence and your second home, the total combined debt cannot exceed $750,000 if you want to deduct all of the interest.

If you plan to rent out your second home, you should be aware of the tax implications of rental income. If you rent out your second home for more than 14 days in a year, you will be subject to income tax on your rental earnings. This income is typically taxed at your marginal tax rate, and you will also need to keep careful records of all expenses related to renting out the property.

Finally, if you plan to make your second home a family legacy, it’s important to consider potential estate tax implications. Estate tax is a tax on the transfer of property after someone’s death. If you own a significant amount of property, including a second home, you may be subject to estate tax. To avoid or minimize estate tax, you may want to consider transferring ownership of the property out of your estate and into a qualified personal residence trust (QPRT).

Overall, purchasing a second home can have significant tax implications. To ensure that you make informed decisions about your finances and maximize the tax benefits of owning a second home, it is recommended to consult with your tax advisor and financial professional. By doing so, you can explore how a second home might affect your financial goals and plan accordingly.

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Cities in Arkansas where Household Expenses are Highest and Lowest

If you’re considering a move to Arkansas, there are many reasons to be excited about. From a low cost of living to breathtaking natural scenery, the state has a lot to offer.

One of the most attractive aspects of living in Arkansas is the affordable cost of living. The state’s residents pay an average of $1,635 in ten common bills per month, with rent and mortgage expenses lower than the national average. The average mortgage payment in Arkansas is $947, and average rent is $807, compared to the national average of $1,321 and $1,191, respectively. Arkansas households also pay less for utilities and auto insurance than the national average. This means you’ll have more money to spend on other things, whether it’s exploring the state’s many attractions or saving up for the future.

While Maumelle and Bentonville are the cities with the highest average household bills, residents of Bentonville spend a smaller proportion of their income on bills than those in Maumelle. In fact, Bentonville’s bills only represent 29% of household income, compared to Maumelle’s 46%. If you’re looking for the most affordable places to live in Arkansas, Pocahontas and Pine Bluff are two cities to consider. Residents of Pocahontas pay an average of $1,224 per month for household bills, representing 32% of local income. Pine Bluff is the second most affordable city, with average bills of $1,374 per month. Other cities on the list of the 10 least expensive places in Arkansas include Hope, Crossett, and El Dorado, with average monthly bills ranging from $1,390 to $1,423.

Apart from the cost of living, Arkansas has many other attractions. The state is known for its natural beauty, including the Ozark and Ouachita Mountains, the Mississippi River, and the Hot Springs National Park. Outdoor enthusiasts will find plenty of opportunities for hiking, camping, and fishing. Arkansas is also home to vibrant cities like Little Rock and Fayetteville, where you can enjoy great food, music, and cultural events.

Moving to Arkansas can be a great choice for anyone looking for an affordable place to live with plenty of natural beauty and cultural attractions. With lower-than-average household bills, you’ll have more money to enjoy all that the state has to offer. Whether you’re a nature lover or a city dweller, Arkansas has something for everyone.

2023 Report: Cities in Arkansas where Household Expenses are Highest and Lowest

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Explaining a 1031 Exchange: How Property Owners Can Save on Taxes and Keep Growing Their Investments

Have you ever heard of something called a “1031 exchange”? It might sound like some secret code, but it’s actually a way that people who own property can sell it and use the money to buy a new property without having to pay as much in taxes.

Here’s how it works: let’s say you own a rental property that you want to sell so you can buy a bigger rental property. Normally, when you sell a property, you have to pay something called “capital gains tax” on the profit you made from the sale. But with a 1031 exchange, you can use that profit to buy a new property, and you won’t have to pay as much in taxes.

Why is that? Well, the government created something called “like-kind” properties. That means that if you sell a rental property, you can use the money to buy another rental property, and it will be considered “like-kind.” If you do that, you can defer paying the capital gains tax until you sell the new property.

So let’s say you sell your rental property for $100,000 more than you paid for it. If you didn’t do a 1031 exchange, you might have to pay $20,000 in taxes on that profit. But if you do a 1031 exchange and use that money to buy a new rental property, you won’t have to pay that tax yet.

Of course, there are some rules you have to follow to do a 1031 exchange. For example, you have to find the new property within a certain amount of time, and you have to use a qualified intermediary to help you with the exchange. But if you follow the rules, a 1031 exchange can be a great way to save money on taxes and keep growing your real estate investments.

So, if you ever hear someone talking about a 1031 exchange, don’t be intimidated! It’s a way that people who own property can save money on taxes and keep growing their investments.

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5 Great Places to Consider Moving to in South Carolina

Are you considering a move to South Carolina? With its warm climate, beautiful beaches, and southern charm, it’s no wonder that this state is becoming an increasingly popular destination for people looking to relocate. While there are many great places to call home in South Carolina, we’ve highlighted five cities that are definitely worth considering.

Greenville: Located in the northwestern part of the state, Greenville is a vibrant city with a strong economy and a thriving downtown area. The city is known for its picturesque Main Street, which is lined with shops, restaurants, and entertainment venues. Greenville is also surrounded by natural beauty, including the Blue Ridge Mountains and waterfalls. Whether you enjoy hiking, cycling, or simply taking in scenic views, you’ll find plenty of opportunities to enjoy the great outdoors in Greenville.
Charleston: Known for its rich history, beautiful architecture, and coastal charm, Charleston is a city that offers something for everyone. Whether you’re interested in exploring historic landmarks like Fort Sumter or simply relaxing on one of the many beaches in the area, Charleston has plenty to offer. The city is also home to a vibrant arts and culture scene, with galleries, museums, and performing arts venues scattered throughout.
Columbia: As the state capital, Columbia is a bustling city with a vibrant downtown area and plenty of cultural attractions. The city is home to several universities and colleges, including the University of South Carolina, and has a thriving arts and music community. If you’re looking for outdoor recreation opportunities, Columbia has several parks and green spaces, as well as the Congaree National Park, which offers hiking trails and canoeing.
Rock Hill: Situated in the northern part of the state, Rock Hill is a growing city with a charming historic district and plenty of outdoor recreation opportunities. The city is home to several colleges and universities, including Winthrop University, and has a strong economy. If you’re a sports fan, you’ll appreciate the fact that Rock Hill is home to several professional sports teams, including the Carolina Panthers.
Beaufort: Located on the coast of South Carolina, Beaufort is a charming small town with a rich history and plenty of Southern charm. The town’s historic district is filled with antebellum homes, art galleries, and restaurants, making it a great place to explore on foot. Beaufort is also known for its beautiful beaches and outdoor recreation opportunities, including fishing, boating, and kayaking.

No matter which of these cities you choose, you’re sure to find plenty to love about South Carolina. From its rich history and natural beauty and thriving arts scene, this state truly has something for everyone.

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Maryland 235th Anniversary of Statehood

Maryland ratified the U.S. Constitution on April 28, 1788; it was the seventh of the original 13 states to join the Union. Its area was reduced with the cession in 1788 and formation in 1791 of the District of Columbia, resulting in generally the same boundary as the present state.

Moving to Montgomery County, Maryland: A Guide to the Best Neighborhoods

If you’re considering a move to Montgomery County, Maryland, you’ll find a wide range of neighborhoods to choose from. Whether you’re looking for an upscale community with great schools, a historic town with plenty of charm, or a quiet suburban lifestyle, Montgomery County has something to offer. Here’s a guide to five of the best neighborhoods to consider.

Bethesda

Located in southern Montgomery County, Bethesda is a highly sought-after neighborhood known for its walkable downtown area, great schools, and upscale homes. The area is home to several large employers, including the National Institutes of Health and the Walter Reed National Military Medical Center, which gives the community a strong sense of intellectual and cultural diversity. Bethesda also offers plenty of recreational activities, including parks, golf courses, and bike trails.

Potomac

Potomac is an affluent community located in the western part of Montgomery County, known for its large homes and beautiful natural scenery. The area is home to several parks, including the Great Falls Park and the C&O Canal National Historical Park, which offer opportunities for hiking, kayaking, and wildlife viewing. Potomac is also just a short drive from Washington, D.C., making it an ideal choice for those who work in the city but prefer a quieter suburban lifestyle.

Ellicott City

Located in Howard County, just south of Montgomery County, Ellicott City is a historic town with a charming downtown area and plenty of local shops and restaurants. The area is also home to several parks, including the Patapsco Valley State Park and the Centennial Park, which offer hiking, fishing, and boating opportunities. Ellicott City also has excellent schools, making it a popular choice for families.

Annapolis

Annapolis is the capital of Maryland and a picturesque coastal town known for its charming historic district, excellent seafood, and beautiful waterfront homes. The area is home to several parks, including the Quiet Waters Park and the Sandy Point State Park, which offer opportunities for hiking, swimming, and boating. Annapolis also has a strong sense of community and plenty of recreational opportunities, making it a great choice for those who enjoy an active lifestyle.

Clarksville

Clarksville is a small community located in Howard County, just west of Ellicott City. The area is known for its beautiful homes and excellent schools, making it a popular choice for families. Clarksville offers a quiet suburban lifestyle with plenty of parks and outdoor recreation opportunities, including the Patuxent River State Park and the Robinson Nature Center.

In conclusion, Montgomery County offers a diverse range of neighborhoods to choose from, each with its own unique character and amenities. Whether you’re looking for an upscale community with great schools or a historic town with plenty of charm, Montgomery County has something to offer.

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Where in the world…Spotlight Properties

Midlothian, Virginia. NewMarket, it’s a residential neighborhood that offers a mix of single-family homes and townhomes. The area is known for its excellent schools, beautiful parks, and proximity to shopping and dining options. With its tree-lined streets and friendly neighbors, NewMarket is a great place to call home.

One of the biggest draws of NewMarket is its location. The neighborhood is just a short drive away from major shopping centers like Chesterfield Towne Center and Westchester Commons. There are also plenty of restaurants nearby, ranging from fast food to fine dining. Plus, with easy access to major highways like Route 288 and Powhite Parkway, getting around the area is a breeze.

Another benefit of living in NewMarket is its strong sense of community. There are plenty of opportunities to get involved, whether it’s through neighborhood events like block parties and holiday celebrations or by joining one of the many local clubs and organizations. The neighborhood also has a homeowners association that helps to maintain the community and keep it looking beautiful.

If you’re a nature lover, you’ll appreciate the many parks and green spaces in the area. The nearby Rockwood Park is a popular destination for hiking, picnicking, and fishing. The park also has an amphitheater that hosts concerts and other events throughout the year. Other nearby parks include Midlothian Mines Park and Hallsborough Park, both of which offer plenty of opportunities for outdoor recreation.

Listing with a new price: https://www.zillow.com/homedetails/15309-Willowvale-Dr-Midlothian-VA-23112/337120090_zpid/

Erie, Colorado is a charming town located in the northern part of the state. With its small-town feel, beautiful natural surroundings, and thriving local economy, Erie is a great place to call home. Here’s what you need to know about this wonderful community.

One of the most notable features of Erie is its stunning natural beauty. The town is situated in the foothills of the Rocky Mountains, providing breathtaking views and ample opportunities for outdoor recreation. The nearby Coal Creek Trail is a popular destination for hiking, biking, and horseback riding, while the town’s many parks and open spaces provide plenty of opportunities for picnicking and relaxation.

Despite its small size, Erie boasts a thriving local economy. The town is home to a variety of businesses, including restaurants, retail shops, and professional services. The area’s major industries include healthcare, education, and technology. Additionally, the town is home to a number of top-rated schools, making it a popular destination for families.

Erie is also known for its strong sense of community. The town hosts a variety of events and festivals throughout the year, including the Erie Town Fair and Balloon Festival, which features hot air balloon launches, live music, and food vendors. Other popular events include the Erie Brewfest and the Erie Farmers Market.

A listing new to the market: https://www.zillow.com/homedetails/1450-Peach-Pl-Erie-CO-80516/68060716_zpid/

Danville, California is a picturesque town located in the San Ramon Valley, just 30 miles east of San Francisco. With its charming downtown, beautiful natural surroundings, and thriving local economy, Danville is a great place to live, work, and play. Here’s what you need to know about this wonderful community.

One of the most notable features of Danville is its vibrant downtown. The area is home to a variety of restaurants, cafes, and shops, as well as a weekly farmers market. The town’s many cultural events, including the annual Fourth of July parade and the Art and Wine Stroll, make it a popular destination for residents and visitors alike.

Danville is also known for its beautiful natural surroundings. The town is situated at the base of the Mount Diablo State Park, providing breathtaking views and ample opportunities for outdoor recreation. The nearby Iron Horse Trail is a popular destination for hiking, biking, and horseback riding, while the town’s many parks and open spaces provide plenty of opportunities for picnicking and relaxation.

Despite its small size, Danville boasts a thriving local economy. The area’s major industries include healthcare, education, and technology, and the town is home to a number of top-rated schools. Additionally, the town’s close proximity to San Francisco and Silicon Valley make it a popular destination for young professionals and families.

Danville is also known for its strong sense of community. The town hosts a variety of events and festivals throughout the year, including the Danville Fall Crafts Festival and the Summerfest Music Festival. Other popular events include the weekly farmers market and the Danville Farmers Market.

A listing new to the market: https://www.zillow.com/homedetails/70-Country-Hills-Ct-Danville-CA-94506/18455778_zpid/

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