Marco Santarelli, Author at Norada Real Estate Investments

Houston Real Estate Market 2020 Overview

June 15, 2020 by Marco Santarelli Leave a Comment

We will discuss the latest Houston real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The housing market has been impacted by the pandemic and slumping oil prices which are driving home sales down. Houston housing market 2020 started well. Sales of single-family homes went up by around 14% in January as compared to the previous year, a big start to 2020 that was driven by low mortgage rates and demand for homes priced between $250,000 and $750,000.

The median sold price rose by 4.5 percent to $234,000 and the average price climbed 4.6 percent to $291,034. Home sales experienced another double-digit gain in February 2020 as buyers came out in droves to take advantage of low mortgage rates. Total dollar volume for March jumped 11.0 percent to slightly more than $2.6 billion. Then came the pandemic which interrupted the real estate sector in this region. Before April, home sales had been outpacing 2019’s record volume as consumers took advantage of historically low-interest rates.

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Best Ways To Consolidate Your Debts In The Crisis of Coronavirus 2020

June 13, 2020 by Marco Santarelli Leave a Comment

Debt consolidation means getting a new loan to pay off all your debts through a single payment plan. With the help of debt consolidation, you can also pay off multiple unsecured loans from credit cards, medical bills, personal loans, payday loans, etc. A Debt Consolidation Loan can be an effective way to manage your finances in 2020. You can roll multiple debts into a single payment, ideally with a lower interest rate. It is like refinancing your mortgage – you take a big loan and then pay off all your previous unsecured loans.

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Los Angeles Real Estate Market 2020 Overview

June 11, 2020 by Marco Santarelli Leave a Comment

We will discuss the latest Los Angeles housing market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The shutdown due to coronavirus pandemic had an impact on the California economy and the real estate sector well. Home sales dropped over the past couple of months but prices remain high. Southern California home sales fell 26.6% in April compared with a month earlier, while year-over-year sales were down by 31.5%. In April 2020, the median sold price of existing single-family homes in the Los Angeles Metro Area was $550,000, a year-over-year increase of 2.5%.

As compared to March the median sold price decreased by 1.1%. Home sales in the Los Angeles metro housing market decreased by 30.9% as compared to the previous year. As compared to March the home sales decreased by 21.2%. Is it the right time to buy a house in Los Angles? This is a never-ending question with no definitive answer. Buyers believe it is a very good time to buy a home in Los Angeles. Mortgage applications to purchase a home are increasing with the easing of restrictions. The number of buyers is slightly down, and more housing will soon be listed which may bring the prices down.

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The Important Tax Benefits of Real Estate Investing

June 6, 2020 by Marco Santarelli Leave a Comment

If you are planning on increasing your wealth, the best investment to deal with is the real estate. Investing in real estate has some incredible tax benefits. Other benefits are an increase in property value due to appreciation and good cash flow in the form of rental income. It is easy to find the lists of these tax benefits of real estate investing, like the ability to deduct nearly every expense associated with the real estate or how to qualify to exclude from your income all or part of any capital gain from the sale of your main home.

However, it is equally easy for someone to inflate or conflate various tax benefits given by the IRS. Investors dealing in real estate get the maximum tax benefits in the name of deductions, which we’ll discuss in detail. Deductions that are accounted for can be depreciation, property tax, repairs, or any other form of expenses. These breaks in taxes are helpful to a lot of people dealing with real estate as their full-time business. Let’s look at the top tax benefits of investing in real estate using hard numbers. This is the basic introduction of how tax benefits in real estate work.

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20 Best Cities To Invest In Real Estate In 2020

June 4, 2020 by Marco Santarelli Leave a Comment

Real estate remains an appealing asset class for investors because of the opportunity to earn recurrent income from rentals. If the market dynamics are optimal, your monthly rental income can fully offset the expenses associated with servicing your mortgage. Interest rates remain low and so debt is still cheap. If you can access credit, or otherwise have money to invest, consider real estate and purchase a rental property. However, you must do thorough research to choose the best places to invest in real estate in the U.S.