Concord Real Estate News February 22, 2018
Explore the latest local real estate news headlines here: California renters could get a tax break and new protections from eviction. On the ownership side, Bay Area home values continue to climb – whether on the high or low end of the market. A new poll shows that the cost of the California Dream is far out of reach for most people under 40. Finally, experts are more pessimistic about the U.S. housing market following the new tax laws.
California renters could get a tax break — and new protections from eviction
SACRAMENTO — California renters would gain new legal protections — and a doubled state tax credit — if lawmakers pass a package of bills announced Thursday amid pressure to help millions of people coping with the threat of eviction and lack of available rental housing. Read More…
High or low end, Bay Area home values continue to climb
In most parts of the country, inexpensive starter homes are making the greatest gains in value for buyers.
But once again, the Bay Area is running counter to national housing trends — high-end homes and entry-level homes are appreciating at nearly the same rate. Read More…
Cost of the California Dream far out of reach for most people under 40, new poll shows
Renters under 40 in California, increasingly squeezed by the region’s skyrocketing costs and housing crisis, are more than three times as likely than older residents to be severely cutting back on all their other expenses in order to afford paying their rent. Read More…
Experts More Pessimistic about U.S. Housing Market Following New Tax Laws
Despite fast-rising home values now, housing experts say they expect appreciation to slow to below 3 percent by 2021
New changes to U.S. tax laws led 41 percent of survey respondents to lower their long-term expectations for the U.S. housing market, according to the 2018 Q1 Zillow® Home Price Expectations Surveyi.
The quarterly survey, sponsored by Zillow and conducted by Pulsenomics LLC, asked more than 100 housing experts and economists about their expectations for home price growth, and whether tax reform affected these predictions. Read More…
Having a knowledgeable and experienced real estate broker on your side helps protect your interests and insure you make the best possible decisions. We are dedicated to keeping on top of the real estate market and keeping you informed of changes. You can rest easily knowing you made a well-informed decision based on experience and insight into the Concord California market.
To reach Peter Maclennan please call 925.385.8798 or email us at peter@maclennaninvestments.com.
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Peter is a real estate broker serving Central Contra Costa County. He and his family live in the Dana Estates Neighborhood.
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