Homeowner Legislative Update – August 4, 2014

  • August 4th, 2014
  • devinlucas

Newport Beach, Costa Mesa and Orange County homeowners and real estate professionals may be interested in the below “Homeowner Legislative Facts,” re-published with permission from the California Association of REALTORS®: Bill to Stop Tax on Loan Modifications Passes Legislature – updated 7/17/14If the principal on your mortgage was reduced with a loan modification new legislation may lower […]

How’s Your Home’s Water Usage?

  • April 21st, 2014
  • devinlucas

Attention Newport Beach, Costa Mesa and Orange County homeowners, how’s your home’s water usage?  Here’s a neat graphic from the California Association of REALTORS® showing a breakdown of an average three-bedroom single-family home in California and some areas where you can save water, and money.  With 57 percent of the water used on landscaping, check […]

Key Advertising Rules For REALTORS®, Teams and Brokers

  • March 9th, 2014
  • devinlucas

Attention Newport Beach, Costa Mesa and Orange County consumers, as well as REALTORS®, Teams and Brokers, there are key real estate advertising rules often being violated. One need only open a newspaper’s real estate advertising supplement, or read a recent letter or flyer received at home from an agent “with buyers looking for a home […]

California Median Home Prices by County…

  • January 30th, 2014
  • devinlucas

Newport Beach, Costa Mesa and Orange County real estate owners and buyers, here’s a neat graphic from the California Association of REALTORS® showing the median home prices by county throughout California.  They’re up, across the board.  While great news for owners and sellers, more frustration for buyers.  These statistics (like all statistics really) are somewhat […]

Home Remodel 101 – Do Not Over Customize Unless You Plan to Stay

  • December 17th, 2013
  • devinlucas

Costa Mesa, Newport Beach and Orange County homebuyers love an updated property.  Homeowners are wise to invest in occasional updating and remodeling, which is almost always a great idea, with many projects (such as tasteful kitchens and bathrooms) often instantly raising a home’s resale value.   Be cautious however, as some remodeling projects go too […]

Short Sale Debt Forgiveness In California Is Not Subject to State or Federal Income Tax

  • December 12th, 2013
  • devinlucas

Finally settling a looming issue for many underwater homeowners, according to new clarifications from the IRS and California’s Franchise Tax Board (FTB), short sales in California are generally not subject to state or federal income tax pertaining to the cancellation of debt. (I.e. if you bought your home for $500,000.00 and “short sell” for $400,000.00 […]

Orange County Ranked No. 2 in Nationwide Housing Recovery

  • December 3rd, 2013
  • devinlucas

More great news for Costa Mesa, Newport Beach and Orange County housing as Orange County was ranked No. 2 in housing recovery, nationwide, in a recent analysis by realtor.com. Six California cities made the Top 10 list, further highlighting the robust desirability of California real estate. -Devin Lucas Author Devin R. Lucas is a Real […]

Chapman University Economic Forecast: 2014 O.C. Housing Still Rising, Slower

  • November 29th, 2013
  • devinlucas

Costa Mesa, Newport Beach and Orange County Real Estate – the 36th annual Chapman University Economic Forecast held Monday, November 25 at Segerstrom Hall in Costa Mesa, predicts “significant moderation in price appreciation” for Orange County housing in 2014. Translation… home prices in Orange County in 2014 are likely to continue upward, but at a […]

What Buyers Do NOT Want In A Home

  • November 5th, 2013
  • devinlucas

Costa Mesa and Newport Beach Real Estate Sellers take note – here’s a neat graphic from the California Association of REALTORS® highlighting want Buyers do not want.  Elevators, shower stalls (v. baths) in the master, wet bars and laminate counters are among the highlights that today’s Buyers just don’t want to see anymore.  It’s often […]

What Features Do You Value Most

  • October 8th, 2013
  • devinlucas

Newport Beach, Costa Mesa and Orange County real estate Buyers and Sellers – What features do you value most in a home?  Here’s a neat graphic from the California Association of REALTORS® with some recent survey results. -Devin Lucas Author Devin R. Lucas is a Real Estate Attorney, Broker and REALTOR®, specializing in Newport Beach, […]