Real Estate News
The incentives have been bumped up to as much as $2,500 per student and are now available to families earning up to $180,000. But the tax break is good only through 2010. Parents: Save those education receipts! For the first time, and for a limited time, upper-middle-income parents will be able to take advantage of [...]
Filed under: Economic Recovery, Tax Issues on September 30th, 2009 | Comments Off
Housing prices and interest rates are low, and there’s an $8,000 tax credit available for those who qualify If ever there was a great time to buy a first home, it’s now. Interest rates and housing prices are low, and the federal government is giving money to buyers in the form of an $8,000 tax [...]
Filed under: First-Time Homebuyer Tax Credit, First-Time Homebuyers on September 30th, 2009 | Comments Off
The 10 most expensive and the 10 least expensive housing markets in the U.S., according to a survey by Coldwell Banker: Most Expensive La Jolla, California $2,125,000 Beverly Hills, California $1,981,750 Greenwich, Connecticut $1,519,250 Palo Alto, California $1,489,726 Santa Monica, California $1,460,912 San Francisco, California $1,363,250 Boston, Massachusetts $1,337,578 Newport Beach, California $1,315,505 Palos Verdes, [...]
Filed under: Home Prices, National Real Estate News on September 30th, 2009 | Comments Off
$8,000 Tax Credit is Set to Expire November 30th — Unless Congress Extends It First-time home buyers are scrambling to take advantage of an $8,000 tax credit set to expire in coming weeks, while Congress considers whether to extend the program or risk removing what may be one of the few supports underpinning the housing [...]
Filed under: Economic Recovery, First-Time Homebuyer Tax Credit, First-Time Homebuyers, Market Update, Mortgage Rates, National Real Estate News, Tax Issues on September 30th, 2009 | Comments Off
The ‘magic threshold’ emboldens first-timers, who sense it won’t last. The home mortgage market, propped up by more than $1 trillion in government money, is flashing a strong “buy” sign to house hunters. Extending a summer-long slide, the average interest rate on new 30-year fixed-rate loans nationwide has broken through the 5% barrier to 4.97% [...]
Filed under: Lending Info, Mortgage Rates on September 25th, 2009 | Comments Off
Filed under: Uncategorized on September 25th, 2009 | Comments Off
This Tuesday on the Today Show, Al Roker spoke with real estate agent Barbara Corcoran about some of the mistakes that could cost home sellers big bucks. One of these common mistakes, says Corcoran, is being insulted by a low offer. She goes on to explain that after negotiations, low bids often turn into higher [...]
Filed under: Uncategorized on September 23rd, 2009 | Comments Off
We have all seen first-hand the positive impact the first-time homebuyer tax credit is having on the real estate market recovery. As the expiration date for this successful program looms, we ALL need to make sure that Congress hears from us about the positive impact this program has had and ask them to extend it, [...]
Filed under: Uncategorized on September 21st, 2009 | Comments Off
Proposition 8 In 1978, California voters passed Proposition 8, a constitutional amendment that allows a temporary reduction in assessed value when a property suffers a “decline-in-value.” A decline-in-value occurs when the current market value of your property is less than the assessed value as of January 1. Eligibility Requirements: You must demonstrate that on January [...]
Filed under: Property Taxes on September 18th, 2009 | Comments Off
UCLA Anderson Forecast The recession may be over, but consumer and business debt — coupled with rising foreclosures and unemployment — will make for a slow recovery, economists with the UCLA Anderson Forecast said in a report released today. “Although the worst recession in seven decades likely ended in the current quarter, its negative effects [...]
Filed under: Economic Recovery, Local LA Real Estate News, Market Update, National Real Estate News on September 18th, 2009 | Comments Off
