Along with the beautiful early spring weather, the Bay Area’s housing market is gradually starting to warm up, too. We’re off to a much more robust and healthy start this year, and it’s not just in the lower price ranges. The mid-to-upper level market is picking up from Silicon Valley through the Peninsula and up [...]
Posts under ‘Taxes’
It’s on the Table by Rick Turley, Coldwell Banker SF Bay Area President
Rick has given us the update on the possibility of extending the tax credit. Also check the market news from last week for the coast and San Mateo County. “There’s no question that the government’s first-time homebuyer tax credit has spurred a significant amount of sales this year. Latest estimates show that some 400,000 additional [...]
New Housing Law Limits Capital Gains Exclusions
If you frequently buy and sell property, this is something you need to know. The Housing and Economic Recovery Act of 2008 includes important changes to the Capital Gains Exclusion Rule. What does this mean for frequent homesellers? In the past, homesellers could claim $250,000 of home sale profits tax-free ($500,000 if filing jointly) provided [...]
