Real Estate Round-Up: March 9, 2018

Learn more about current events and trends that may affect your industry in this week's round-up!
  1. LA Hilltop Mansion Priced at $500 Million
Going on the market later this year, a Bel Air property boasts 20 bedrooms, moats, a nightclub, and $500 million price tag.
  1. Freddie Mac Economists Optimistic about New Home Sales
Despite a sluggish start to 2018, economists at Freddie Mac still predict that new home sales will drive the market this year.
  1. Los Angeles is the Nation’s Fastest-Gentrifying ZIP Code
The LA ZIP code 90014 is the fastest-gentrifying area in the U.S. with a 707% home value increase and 85% household income increase over the past 16 years.
  1. IRS Clarifies HELOC Tax Deductions
IRS released an announcement clarifying that owners can continue to deduct the interest on a home equity loan, line of credit or second mortgage to improve their residence under the new tax law.

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