Did You Know?
DID YOU KNOW? 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)
Refinance applications were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. Millennials were especially reactive to the rate drop. In June 2018, just 8% of millennial mortgage applications were to refinance; the rest were to buy a home. This June that jumped to 14%. (CNBC)
A recent BANKRATE survey asked 1,000 investors: “For the 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...Click here to read more.
San Franciscans Flock to Sacramento, Seattle Housing Markets
Earlier this year, the real estate brokerage Redfin published an updated version of its "Migration Report." This report uses search data from the Redfin property listing website to identify various trends relating to the housing market, home buying, etc.
One of those trends: Many...Click here to read more.
Did You Know?
The Federal Reserve held its benchmark interest rate steady, and a majority of officials at the central bank signaled they might not raise the rate at all this year. (WSJ)
Hedge funds had a rough year in 2018 losing $88 billion in assets, (down 6.7% on average) the most since the financial crisis. Hedge funds have on average underperformed the S&P 500 for 10 years in a row. 580 funds shut down, while 552 opened. The total hedge fund industry capital is $3.24 trillion. The top 10 hedge fund managers combined income in 2018 was $7.7 billion.
The venture capital industry has ballooned over the past decade. Recent research has found that the size of the sector has effectively tripled in just 10 years: in 2008, $53 billion was invested in start-ups, and by last year it was $160 billion. (Barron's)
NORTH STATE BIA POSTS FEBRUARY SALES NUMBERS
ROSEVILLE - A total of 426 new homes were sold during February in the greater Sacramento region, the North State Building Industry Association reported today. The sales were reported in 140 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south. In addition, 9,742 people visited active new-home communities last month.
BIA President and CEO Michael Strech is encouraged that sales will continue to rise as we head into spring.
"We are excited to see the high sales numbers in February. Sales increased by more than 20 a week over January. Even more encouraging is the comparison in year over year sales. February saw 70 more sales than the same month last year and we expect to see numbers continue to increase." Strech said.