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Did You Know? 10-23-2022

Did You Know? 10-23-2022

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did you know 10-23-22

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Joujou

DID YOU KNOW? 

  • One good thing from inflation? The IRS is introducing higher standard deductions and thresholds for tax codes to reflect higher inflation! The estate and lifetime gift tax exclusion will rise to $12.92 million from $12.06 million per person. The annual gift tax exclusion—the amount any person can give to any other without affecting lifetime limits—will climb to $17,000 from $16,000. (WSJ)

  • UK inflation came in at 10.1% for September……up from 9.9% in August. High inflation may have peaked in USA where inflation came down marginally to 8.2%, down 0.1% from the prior month, but notably lower than the UK and Germany where inflation is at 10.9%, mostly driven by notably higher energy costs due to the Russia-Ukraine War. (MARKETWATCH)

  • According to analysis from Allied Market Research, of the $11.4 trillion generated by the real estate market in 2021, North America alone held nearly two-fifths of the global market share. And many factors, including an increase in property values, a rise in urbanization, growing populations and technological advances continue to drive growth in the real estate investment market. Allied projects the global market will nearly triple to $30.6 trillion by 2031. (YAHOO)

  • I recently took note of the real estate taxes three $3 million properties in California featured in an article were paying…..they were almost exactly $37,000 per year each. Then I did a search for properties in Manhattan, New York in the Chelsea area priced between $2.9 million and $3.1 million, all condo. Their real estate taxes ranged from around $20,000 per year to over $47,000 per year! And the most expensive taxes were being paid in a building with the least services and amenities in what many might agree is the less desirable part of Chelsea….. so much for fair and equal treatment under the law?

  • From March 2020 till now, housing was up about 40%. Housing CPI shows 11%. The CPI is very slow, outdated and is not a real indicator of inflation. The impact of rates takes many months. Even with near-zero rates in 2020, that year showed an inflation rate of 1.2% while home prices were soaring…..and housing is 40% of CPI……inflation figures only soared in 2021 many, many months after rates had been lowered.

  • More than 40 million Americans are in debt for their education, owing a cumulative $1.7 trillion, a balance that far exceeds outstanding credit card or auto debt. Skyrocketing higher education costs coupled with stagnant wages have caused the amount of student debt people graduate with to soar. Today the average balance is more than $30,000, up from $12,000 in 1980. Many first time home buyers are stifled by this debt. (CNBC)

~By Leonard Steinberg


joujou chawla market update

Diablo Valley Real Estate September 2022 Report


LHM Joujou ChawlaHere is the latest Luxury Magazine; we are excited to be a part of this issue, wishing you all a Happy Thanksgiving and thanking you for your support. 

It also features our property at 2020 Victorine Road, Livermore,  just 13 minutes from Blackhawks East Gate.

ENJOY!

   

New Listings - Joujou Chawla 179 Alta Vista Way, Danville, CA

179 Alta Vista Way, Danville

6 bd | 4 ba | 3511 sf | 0.34 ac | 179altavistaway.com

Offered at $2,399,000


Featured Listings - Joujou Chawla

4283 Silver Meadow Ct., Blackhawk, CA

4283 Silver Meadow Ct., Blackhawk

5 bd | 4.5 ba | 4747 sf | 0.59 ac | 4283silvermeadowct.com

Offered at $2,698,800

3482 Cinnamon Ridge Rd., San Ramon, CA

3482 Cinnamon Ridge, San Ramon

4 bd | 4.5 ba | 2921 sf | .10 ac | 3482cinnamonridgerd.com

Offered at $2,099,500

4388 Mansfield Dr., Danville, CA

4388 Mansfield Dr., Danville

4 bd | 3 ba | 3488 sf | 0.26 ac | 4388mansfielddr.com 

Offered at $2,249,800

1605 Riviera Ave. #601, Walnut Creek, CA

1605 Riviera Ave. Unit 601, Walnut Creek | Offered at $1,728,800

2 bd | 2.5 ba | 1923 sf | 3-car garage | 1605rivieraave.com

2020 Victorine Rd., Livermore, CA

2020 Victorine Road | Livermore | Offered at $16,898,800

5 bd | 5F/2H ba | 8144 sf | 107 ac | 2020victorinerd.com

3409 Blackhawk Meadow Dr., Blackhawk, CA

3409 Blackhawk Meadow Drive | Danville | $2,199,800

4 bd | 3 ba | 3278 sf | 0.17 ac | 3409blackhawkmeadowdr.com

237 Still Creek Rd., Danville

237 Still Creek Road | Danville | Offered at $4,998,800

5 bd | 4F/3H ba | 5829 sf | 0.48 ac | Site: 237stillcreekrd.com

176 Diablo Ranch Ct., Danville, CA

176 Diablo Ranch Court | Danville

Offered at $12,000/month for Lease or $3,198,800 for Sale

5 bd | 4.5 ba | 4059 sf | 0.60 ac | Site: 176diabloranch.com

3649 Deer Trail Dr., Blackhawk Kitchen Dining

3649 Deer Trail Drive | Blackhawk | Offered at $2,599,800

5 bd | 3 ba | 4022 sf | 0.16 ac | Site: 3649deertraildr.com

27 Sugar Pine Ln., Blackhawk, CA

27 Sugar Pine Lane | Blackhawk | $2,198,800

4 bd | 3 ba | 2946 sf | 0.15 ac | Site: 27sugarpineln.com

0 Highland Rd., Pleasanton, CA

0 Highland Road | Pleasanton | Offered at $2,200,000

279.72 Acres! | Endless Opportunity!


Pending - Joujou Chawla

1756 Cole Ave #302 | Walnut Creek | Offered at $1,899,800

2 bd + Study | 2 ba | 1868 sf | Site: 1756coleave.com

116 Center Ct., Danville, CA

116 Center Ct., Danville

4 bd | 2.5 ba | 2173 sf | .11 ac | 116centerct.com

Offered at $1,498,800

2027 Cedarwood Loop, San Ramon, CA

2027 Cedarwood Loop | San Ramon | Offered at $1,459,000

5 bd | 4 ba | 2254 sf | 0.09 ac | 2027cedarwoodloop.com

Digital Booklet

joujou chawla 2021 year in review  

Our exceptional reviews reflect our excellence and capabilities. Our digital booklet shares how we make success happen for our clients, and hope you know you can always count on us to lead you through your real estate journey.

Joujou Chawla

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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
Chawla Real Estate Team | DRE# 00890002 M: 510.406.4836 joujou.chawla@chawlarealestate.comChawlaRealEstate.com
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