Existing-home unit sales activity lagged in June with single-family home sales falling 1.5%, to 4.69 million units, and 1.7% year-over year. Single-family new-home unit sales grew 7% to 646,000 units. Single-family housing starts rose 3.6%. Total unit sales are up 4.5% year-over-year. (Federal Reserve)
Tax-wise, the most significant benefits available to investors are the 1031 exchange and 721 exchange, both designated by the IRS that allow for a property to be sold and the funds reinvested into another similar property (or fund) while deferring the taxes owed. (FORBES)
National home prices increased 3.4% year over year in June 2019 and are forecast to increase by 5.2% from June 2019 to June 2020, according to the latest CoreLogic Home Price Index Report.
A recent BANKRATE survey asked 1,000 investors: “For money you wouldn’t need for more than 10 years, which ONE of the following do you think would be the best way to invest it: stocks, bonds, real estate, cash, gold/metals, or bitcoin/cryptocurrency?”… and the winner, by a large margin, was real estate. In every other stock market bear market since the 1950s, the Case-Shiller Home Price Index rose in all but one. And in that lone bear market prior to 2007 in which the index did fall, it did so by just 0.4%. The Case-Shiller index is only 40% as volatile as the overall stock market. Perceptions to the contrary that real estate is riskier than equities derive from the leverage we typically use when purchasing real estate. Note carefully that the risk comes from the leverage, not real estate inherently. (Marketwatch)
470 Eagle Valley Way, Danville, CA 94506
4 Bed | 3 Bath | $1,150,000 | Julie Whitmer
Gorgeous Blackhawk townhome! Freshly painted, new carpet, hardwood floors, white updated kitchen with stainless steel appliances and granite countertops. This home is filled with light. High ceilings, large living room and adjoining formal dining room. The master suite has a large walk-in closet, updated master bath and privacy facing the open yard. Stunning yard backs to open space with beautiful redwood trees and lovely patio for outdoor dining.
1442 Huston Road, Walnut Creek, CA 94597
5 Bed | 3 Bath | $1,198,000 | Compass Listing
This spectacular home is situated on a quiet, serene lot with many beautiful features throughout. New interior paint, cherry hardwood flooring, skylights, and new modern light fixtures. The beautifully remodeled kitchen offers new stainless steel appliances, granite countertops, center island, and upgraded cabinetry. Restful master bedroom suite with stunning views, skylight, balcony, new plush carpeting, and a spacious walk-in closet. Enjoy the private sun-filled backyard that offers a spacious patio for al fresco dining or entertaining. An abundance of fruit trees frame this wonderful property.
117 Warwick Court, Alamo, CA 94507
4 Bed | 3 Bath | $2,175,000 | Compass Listing
This is a gracious estate ready for today’s lifestyle. This impressive home has 4,121 square feet, 4 bedrooms plus a gorgeous wood-paneled office, 3.5 baths, with the master suite located upstairs for privacy. A majestic entry, elegant and perfectly manicured gardens are designed to offer a perfect backdrop for entertaining and comfortable living. The .39 acres of professionally landscaped property includes a re-plastered, salt-water pool and spa with waterfalls, terraced patios, shaded pergola, built-in outdoor kitchen with new BBQ, and kitchen herb and rose garden. Additional features include hardwood floors, extensive crown and molding, French doors, spacious utility/laundry room, 3 car garage with storage.
2084 Bear Creek Dr, Alpine Meadows, CA 96146
5 Bed | 5 Bath | $4,321,000 | Compass Listing
Situated on a prime lot in Bear Creek, the ski lodge overlooks a private HOA swimming/skating pond and adjacent greenbelt. Enjoy sun and spectacular views on the spacious elevated deck or sprawling lawn. Transformed in 2009 into a unique mountain retreat reminiscent of its original spirit yet suited for modern living. World-class skiing and breathtaking hikes nearby.
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Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.