National Homeownership Month is the month of June each year. Though 2020 has been a wildly different year than past years, we can still bring attention to homeownership and its benefits this month! The celebration started as a week years ago, and in 2002 President George W. Bush proclaimed the month of June to be [...]
June is National Homeownership Month. National Homeownership Month is a month dedicated to bringing attention to homeownership and its benefits. The celebration started as a week years ago, and in 2002 President George W. Bush proclaimed the month of June to be dedicated to homeownership. Every president since has proclaimed June as National Homeownership Month. [...]
Cigarette smoke smell can reduce the resale value of homes comes from a post by Realtor.com, the website of the National Association of Realtors about this topic. The Realtor.com article states that cigarette smoke can reduce the resale value of a home by up to 29 percent! There are a number of ways to attempt [...]
Across the US, home sales in December 2019 dropped more than the usual seasonal reduction in sales. Home sales dropped an average of 6.4% from November. According to both the National Association of REALTORS and a CNBC article, the drop was unusually large, as sales generally vary monthly in the very low single digit averages. [...]
It's official, I am a Seniors Real Estate Specialist, as I earned my SRES designation last week! What is a Seniors Real Estate Specialist? From the SRES website: "By earning the SRES® Designation, you have demonstrated the necessary knowledge and expertise to counsel clients age 50+ through major financial and lifestyle transitions in relocating, refinancing, [...]
The 3.8% tax that is part of the healthcare reform bill is NOT a real estate transfer tax. Yes, it IS a tax. BUT it is NOT a transfer tax. What is it? According to the National Association of REALTORS(R) (NAR), it is "a 3.8 percent tax on investment income of upper-income households to help shore [...]
There are a few easy tips that home sellers can use and follow that should help in showing and selling their home. The National Association of REALTORS(R) put together a comprehensive list, and I will take them on below. 1) Clear off the counters! That little pile of mail. That unused juicer. The cute nicknacks [...]
In a post today from CNN's "State of the Union" interview with HUD Secretary Shaun Donovan, Bloomberg reports that house prices are unlikely to decline further, and they expect to see a rise in prices in the third quarter. This is due to the reduction in number of people defaulting on their mortgages, down 40% [...]
This Month in Real Estate for April 2011 is out! First, Jay Papasan discusses the numbers. The current national average for a mortgage rate is 4.8%, according to Freddie Mac. Then he discusses how much time you should spend with an agent before looking at homes. The first step should be a buyer consultation, that [...]
In early February, I shared about a new IRS law that would effect those who own rental properties, where a 1099 would have to be given to anyone who worked on that property if the total amount of work they did was over $600 over any year. The U.S. House of Representatives voted to repeal [...]