Posted from RECON: Real Estate Center Online News DALLAS (Dallas Morning News) – North Texas preowned home sales were up 7 percent in June — the largest year-over-year monthly gain so far in 2014. Median sales prices rose 10 percent from a year ago to a record $199,900. Real estate agents sold 9,841 home last… Continue reading North Texas June Home Sales Up 7 Percent
Wanna know how much money you can save per month by buying a home instead of renting? Look here For more information on building, buying, selling or leasing commercial or residential property anywhere in the world, contact Nicole Tucker, licensed agent with Keller Williams, Dallas Preston Road office at 972-992-8204 or visit my website… Continue reading Rent vs. Buy: Which is Cheaper for You?
A recent survey study of 1,800 real estate agents by Seattle-based ActiveRain, a real estate social network, revealed that agents expect that in 2012 the housing market will reach bottom and begin to rebound. Most of the real estate agents surveyed said they expect real estate values, transactions and the local economy to stay… Continue reading Survey: Top-performing real estate markets in 2012
Posted from The Texas Association of REALTORS® The Texas housing market shows strength and stability at the close of 2011, according to the Texas Quarterly Housing Report, which shows what’s going on in 47 of the state’s markets. Here are some highlights from the period of October through December 2011: The volume of single-family home… Continue reading Home-sales volume continues to increase as prices hold steady, according to latest Texas Quarterly Housing Report
Mortgage interest rates are not set by banks, lenders or brokers. Mortgage interest rates are based on mortgage-backed securities (MBS), which trade just like regular stocks and bonds. In essence, if MBS selling volume is lower, bond yields and mortgage interest rates increase. Conversely, if MBS selling volume is higher, bond yields and mortgage interest… Continue reading What Drives Mortgage Interest Rates?
Treasury Inspector General for Tax Administration Approximately 1.8 million taxpayers claimed a total of almost $12.5 billion in First-Time Homebuyer Credits (Credit) in calendar year 2009. More than 950,000 taxpayers will be required to repay these credits because their homes were purchased in 2008. Many more may have to repay the credits if the homes… Continue reading A Comprehensive Strategy Is Being Developed to Identify Individuals With First-Time Homebuyer Credit Repayment Requirements
Beginning in August of 2010, the IRS plans to send out notices to taxpayers who claimed the first-time homebuyer credit and may be required to repay it. There is a repayment obligation if the home is sold or ceases to be used as a principal residence within three years of purchase. There is no documentation… Continue reading FIRST-TIME HOMEBUYER CREDIT REPAYMENT
“December’s drop is largest in more than 40 years” reads the headline. The headline and numbers are sometimes deceiving. Just because it was the highest drop doesn’t tell the whole story. The drop was so drastic BECAUSE the previous months’ were so high. The increase was in result of low interest rates, great pricing AND… Continue reading The sky is falling?! …don’t believe it.
First Time & Distressed Property Home Buyers What are first time buyers doing? The tax credit extension and expansion in November has fueled new discussion about home buyers and the housing market in 2010. Here’s a look at first-time buyers in 2009. The median age is 28, significantly down from where it was in 2005… Continue reading First Time & Distressed Property Home Buyers
This time of year, many sellers take the attitude of “I’ll wait till spring to put my house on the market, when there are more buyers.” That couldn’t be a bigger mistake in 2010! Roughly half of buyers in 2009 were first time home buyers, spurred on by the initial first time home buyer tax credit. Now,… Continue reading The biggest mistake home sellers can make in 2010