Monthly Archives: November 2024
Understanding Your Budget: First Steps for LA First-Time Homebuyers
Are you dreaming of owning your first home in Los Angeles? As exciting as this journey is, understanding your budget is the crucial first step that can make or break your home-buying success. At Fast House Shop, we’ve helped countless first-time buyers navigate the Los Angeles real estate market, and we’re here to guide you... Read More
How the 2025 IRS Inflation Adjustments May Impact You
The Internal Revenue Service (IRS) announced the tax year 2025 annual inflation adjustments for many tax provisions. Click here to view the full list. Here’s a summary of three provisions that may impact homeowners and homebuyers: STANDARD DEDUCTION $30,000: for married couples filing jointly for the tax year 2025. This is up from $29,200 in 2024. $15,000:... Read More
2024 Loan Limits
Home loans that conform to the Fannie Mae and Freddie Mac guidelines tend to have better terms than non-conforming loans. That’s why it’s good news that the Federal Housing Finance Agency (FHFA) recently announced that the conforming loan limits have increased to $766,550 for 2024. This is a $40,350 increase from the $726,200 loan limits... Read More