This Month in Real Estate for February 2011 shares that 89% of all homebuyers begin their home search online. Jay Papasan also shared that home sales were at an annual rate of 5.3 Million with a median home sales price of $168,800, and the national average mortgage interest rate was 4.71%. For selling a home [...]
The IRS has issued a new law for rental property owners who have work done on their house over $600. This is part of the Small Business Jobs Act of 2010 (Law H.R. 5297), which expanded the law from multiple family units to individual owners. They are now considered to be conducting a trade or [...]
This Month in Real Estate for January 2011 has been released. The January episode begins with the National Association of REALTORS(R) statistics on how Home Affordability is at an all time high. Jay Papasan discusses these statistics, sharing that home payments are only 13.6% of the median family household income. In 2007, the percentage was [...]
This Month in Real Estate December 2010 is ready for viewing. First, Jay Papasan shares that houses on the market as "For Sale By Owner" has dropped from 11 percent to nine percent nationwide. From a recent poll from the National Association of REALTORS, on average, homes tend to get more money when an agent [...]
This Month in Real Estate for November 2010 has been released. First, Jay Papasan shared from the National Association of REALTORS that home sales were up across the United States 7.6%. We've seen more Baltimore houses go under contract in October as well, and once those statistics are released later this week, I will compare [...]