Author: News Feed

In today’s housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest. Data from Realtor.com shows the number of homeowners realizing this mistake and doing a price reduction is climbing (see graph below): If you’re thinking about making a move yourself, here’s what you need to know. The best way to avoid making a costly mistake is to work with…

Why 19th-century tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. policies don’t work in 21st-century America. Donald Trump has floated a proposal to replace the US income taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. system with a new system of tariffs, moving the United States…

Santa Barbara, California – Published 3/3/2023 Miserabilism, a synonym for gloomy, is the word for what mindset other economists have been peddling in recent months. But Christopher Thornberg, the founder of Beacon Economics, would disagree. He said that the real reason society has fallen into an emotional economic slump is that narrative and reality no longer agree with each other. On Feb. 28, for the first time in four years, the Radius Real Estate and Economic Forecast took place in person and people were happy to be back, including the speakers. Brad Frohling, one of Radius’s principal agents, joked that…

Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important. If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove. 1. I’ll Get a Better Deal Once Prices Crash If you’ve heard home…

Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans. Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025. Mortgage Rates Are Projected To Come Down Slightly Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association…

The Harris campaign has mostly proposed increasing taxes on businesses and high-income earners. However, the campaign’s new policy document adds a few proposals to reduce taxes on businesses, including, notably, America Forward taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. credits. Directionally, the change is laudable. But drawing arbitrary lines around what investment is and is not eligible for better tax treatment is not a true solution for underinvestment. There are better, simpler alternatives for increasing business investment.…

Updated with bids on Tuesday to Friday, Oct. 8-11. The auction for Laguna Niguel’s iconic Ziggurat is now nine digits above the government’s original ask. The General Services Administration auction site shows two bids on Friday, Oct. 11, pushed the price to $172.8 million. That’s $102.8 million more than the $70 million that opened bidding on June 5 for the pyramid-shaped Chet Holifield Federal Building and surrounding land that is no longer needed by the federal government. Yes, the price has soared 147%, after 142 bids on 54 days. The auction has stretched over five months thanks to it’s “soft…

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later. An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights: As the visual shows, the biggest motivators…

Launch Interactive Tool Preface to the New Edition The study before you, which has been published as the State Business TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Climate Index since 2003, has been rebranded as the State Tax Competitiveness Index to better reflect what it assesses: states’ overall tax competitiveness, not just the business tax climate. But this isn’t just an exercise in slapping a new title on the cover and calling it a day. Rather, we…

Santa Barbara, California – Published 5/11/2023 Commercial sales activity on the South Coast slowed during the first quarter of 2023, a trend consistent with the path the market was heading toward at the end of 2022. This is also becoming the norm for first-quarter statistics in recent years. However, even with a more volatile market, solid transactions still occurred as seen in the quarter earning 19 sales at a volume of $40.5 million, not including hospitality sales volume [according to data from Radius]. That said, these numbers are comparatively down from Q4 of 2022, with 24 sales at $110 million,…