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San Diego had the seventh-highest home price increase in the nation in February, said a key real estate index released Tuesday. The region’s home price increased by 7.6 percent in a year, said the S&P CoreLogic Case-Shiller Indices. Seattle had the biggest increase in a year at 12.7 percent.

Other California cities covered by the 20-city index outpaced San Diego. San Francisco was up 10.1 percent in a year and Los Angeles up 8.3 percent. All cities covered in the index experienced gains, which experts attribute to a strong economy and limited home supply.

Read more: San Diego Home Prices Up 7.6 Percent In A Year

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Sidecar Doughnuts & Coffee is coming to Del Mar Highlands Town Center this fall, filling the space left vacant by Bath and Body Works. Since its first brick-and-mortar opened in Los Angeles in 2013, Sidecar has been recognized as home of the “World’s Freshest Doughnuts” and is known for its unique flavors—April’s lineup includes Strawberry Buttermilk, Birthday Cake, Nutella Chocolate Chip, Passion Fruit Matcha and the savory Basil Eggs Benedict.

Read more: Sidecar Doughnuts coming to Carmel Valley

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Here’s what Real Estate Owners and Investors need to know about the Tax Cuts and Jobs Act that was signed into law December 2017.

MORTGAGE INTEREST DEDUCTION

  • The new limit on deductible mortgage debt is $750,000, down from the previous $1 million. There are certain situations which may allow a home purchase to qualify for the $1 million, even if the home closes after Jan. 1, 2018. Talk to a tax professional to learn more.
  • Interest paid on home equity loans is only deductible if the proceeds are used to substantially improve the residence.
  • Interest remains deductible on second homes, but is subject to the $1 million/$750,000 limits.

DEDUCTION FOR STATE AND LOCAL TAXES (SALT)

Read more: WHAT Real Estate Owners and Investors SHOULD KNOW ABOUT TAX REFORM

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