Author Archive
Capital Gains Tax and You: It’s Not as Bad as You Might Think
We have all heard of the term “capital gains tax,” which obviously means tax on gains from selling capital assets. For purposes of this article, capital gains taxes come into play when you sell your house for more than what you bought it fo...
The Coronavirus (COVID-19) is Having a Positive Impact on the Housing Market
COVID-19, better known as the coronavirus, has had a noticeable impact on many aspects of global economics. Notably, the concern over the virus has impacted mortgage rates, bringing them to their lowest point since October 2016. As of Febr...
Housing Prices Increase At Record Pace: This Pace is Likely to Continue Through 2020
On Monday, we noted that the mortgage rates have increased for two straight weeks (though this still represents a record low). Today, we will provide good news – the rate of increase in home values has increased for the 8th year in a row. ...
Housing Market Slows Down Marginally: Still Significantly Stronger than 2019
Despite the fact that mortgage rates have been decreasing, home sales have slowed in the month of January 2020 (from December 2019). While most economists expected existing-home sales to decrease by 2% in January, the actual number was 1.3% (5....
Mortgage Rates Increase for Second Straight Week: Housing Market Still Looking Strong
For the second week in a row, as of February 20, 2020, mortgage rates have slightly increased. However, mortgage rates are still at historic lows so there is no reason to be alarmed. The 30-year fixed-rate mortgage (“FRM”) increased by...
Real Estate Lingo: “Sale Pending”
Every single industry has terms and phrases that have a specialized meaning in that circle, these are referred to as “terms of art.” The real estate industry is no different, but if you know the Chernov Team, you know we believe knowledge i...
Mortgage Rates Increase by .02%, but No Cause for Alarm
Mortgage rates ticked up recently, but that shouldn’t distract us from the big picture; rates are as low as they’ve been in nearly fifty years, and potential home buyers are able to afford pricier homes (because lower rates over the lifetim...
What Do California’s Want Most? Survey Says: Solar Panels
In a recent study by Realtor.com, they assessed what potential home buyers were looking for in a home based on what state they are in. In order to come up with their list, Realtor.com collected the top keywords that people used in searches betw...