June 2025 Housing Starts: Single Family Starts Fall Amid Rise in Unsold Housing Inventory

new jersey realtor richard choi

What happened: Housing starts increased slightly in June mostly due to a slight rebound in multifamily construction. Amid a persistent rise in housing inventory that is pulling down house prices, single-family housing starts are now 10% lower than they were a year ago. Single-family starts fell in every region. However, single-family starts are still up when compared […]

Property Tax Deduction Limit Significantly Increased

new jersey realtor Richard Choi

“SALT Deduction” Based on the “One Big Beautiful Bill Act” (OBBBA), signed into law by President Trump on July 4, 2025, there are significant changes to the state and local tax (SALT) deduction for the 2025 tax year. Here’s a summary of the SALT deduction changes for 2025: * Increased Cap: The $10,000 SALT deduction cap […]

재산세 공제 한도 대폭 인상

new jersey realtor Richard Choi

SALT Deduction 트럼프 대통령이 서명한 **”One Big Beautiful Bill Act”** 는 부동산 소유주들에게는 희소식이라 할수 있는데요. 그 중에 SALT deduction에 대해 주목 해보죠. SALT는 State and Local Taxes의 약자이고  federal tax 보고 시에  state와 local의 재산세, 소득세, 판매세 등의 세금을 일정 한도 내에서 공제(deduction) 받을 수 있는 제도입니다. 이 공제 금액을 대폭 올린 법안 입니다. […]