Norada Real Estate Investments

  • Home
  • Markets
  • Properties
  • Membership
  • Podcast
  • Learn
  • About
  • Contact

Archives for December 2012

National Economic Outlook (December 2012)

December 17, 2012 by Marco Santarelli

It's becoming clear to me that what we've been thinking of as a stage in the recovery actually is the recovery. Job growth at a 1.5 percent annual rate is well below our hopes from previous cycles but its getting hard to imagine faster growth unless the government starts spending more money (ha-ha) or consumers like their finances enough to start clamoring for new homes.

In November, jobs increased by 1.4 percent from last year and unemployment eased to 7.7 percent, basically no change from what we've seen the last six months. Jobs were up 1.4 percent in manufacturing, 1.5 percent in retail trade, 3 percent in business services, 2.2 percent in health care, and 2.7 percent at restaurants. Jobs in government and construction were flat.

[Read more…]

Filed Under: Economy, Housing Market, Real Estate Investing Tagged With: Economy, Housing Market, Real Estate Economics, Real Estate Market, US economy

Mortgage Interest Deduction on the Chopping Block?

December 11, 2012 by Marco Santarelli

A tax break that has long been untouchable could soon be in for some serious scrutiny. Many home buyers deduct their mortgage interest when assessing their tax bill, a perk that has helped bolster the income of millions of families – and the broader housing market. But as President Obama and Congress try to hash out a deal to reduce the budget deficit, the mortgage interest deduction will likely be part of the discussion.

Limits on a broad array of deductions could emerge in any budget deal.  It is likely that any caps would be structured to aim at high-income households, and would diminish or end the mortgage tax break for many of those taxpayers.

[Read more…]

Filed Under: Financing, Real Estate Investing, Taxes Tagged With: Housing Market, Investment Property, mortgage interest, Mortgage Interest Deduction, Real Estate Investing, Real Estate Investment

5 Reasons Real Estate Prices Have Been Rising

December 3, 2012 by Marco Santarelli

Home prices rose by 0.1% in September from the prior month and by 3.6% from one year ago, the largest gain in six years, according to a report released Monday by Lender Processing Services.

Compared with one year ago, prices are up by 17.7% in Phoenix, the largest gain among the nation’s 40 largest metro areas. Other notable year-over-year increases include Detroit (11.7%), Las Vegas (11.5%), San Jose, Calif. (11.3%), San Francisco (10%), and Sacramento (8.3%).

Among the top 40 metros, only a handful have posted year-over-year declines, led by St. Louis, which was down by 4.1%. Bridgeport, Conn., was down by 2.3%, while Chicago (-0.5%) and Cincinnati (-0.1%) also posted declines.

[Read more…]

Filed Under: Foreclosures, Housing Market, Real Estate Investing Tagged With: home prices, Housing Market, Investment Property, Real Estate Investing, Real Estate Market, Real Estate Prices

Real Estate

  • Birmingham
  • Cape Coral
  • Charlotte
  • Chicago

Quick Links

  • Markets
  • Membership
  • Notes
  • Contact Us

Blog Posts

  • Homebuyers Pullback in the Los Angeles Housing Market
    June 20, 2025Marco Santarelli
  • Today’s 5-Year Adjustable Rate Mortgage Jumps by 68 Basis Points – June 20, 2025
    June 20, 2025Marco Santarelli
  • Interest Rate Predictions for the Next 3 Years: 2025, 2026, 2027
    June 20, 2025Marco Santarelli

Contact

Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
(800) 611-3060
BBB
  • Terms of Use
  • |
  • Privacy Policy
  • |
  • Testimonials
  • |
  • Suggestions?
  • |
  • Home

Copyright 2018 Norada Real Estate Investments

Loading...