Econ Focus – Housing’s Best Year in A Decade

ECONOMIC FOCUS

Freddie Mac’s predictions for housing in 2016: Housing Supply Increases There’s good news in the housing construction data. Multifamily housing starts have been solid, running above 300,000 for the past three years. But without single-family construction increasing it’s going to be hard to meet housing demand. In February 2016 single-family housing starts were at a

Understanding Withholdings on Real Estate Sales

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WHEN DID WITHHOLDING START FOR CALIFORNIA RESIDENTS? The withholding law applies to dispositions of California real estate by both residents and non-residents which close on and after January 1, 2003. Previously, withholding was only required of non-resident sellers. Why was this withholding law enacted? As part of attempting to balance the state budget, this withholding

What is Proposition 8?

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Proposition 8 was passed in California in 1978 as a constitutional amendment that allows a temporary reduction in assessed value when a property incurs a “decline-in-value.” A decline-in-value occurs when the current market value of a property is less than the current assessed value as of January 1. In order to qualify for the reassessment,

Quiet Title Law in California

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The purpose of a quiet title action is to establish title against adverse claims to real property or any interest in the property. [Code Civ. Proc. §760.020] The remedy of quiet title can be combined with other causes of action or other remedies. In an action or proceeding in which establishing or quieting title to

Ticor Title San Diego Calendar of Events – April 2016

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Ticor Title of San Diego is happy to release our April 2016 Calendar of Events. Every month, we take the time to put together a list of local events taking place all over San Diego. We hope you will find the calendar useful, and will be able to take advantage of some of the great

The Role of the Title Company in Real Estate Transactions

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Purchasing a home is probably the biggest single investment you are going to make in your lifetime. The importance of protecting your purchase cannot be overstated! With endless possibilities of things that may potentially go wrong during a real estate transaction, title insurance is crucial to ensure that the security of your new property is

Economic Focus – Week in Review

WEEK IN REVIEW

The pending home sales index slipped 2.5% in January to a level of 106.0 from a reading of 106.8 in February. Despite the decline, the index remains 1.4% above its year ago level in January of 2015. The CoreLogic Home Price Index increased 6.9% on a year-over-year basis in January and monthly growth (1.3%) is