FRANKLIN NC REAL ESTATE * HOMES SALES SKYROCKET IN NOVEMBER!
Exit Smokey Mountain Realty in
Franklin North Carolina reported a huge spike in home sales since the last week of October 2009.
John Becker / Bald Head, one of Exi…
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Added by John Becker * Bald Head on December 22, 2009 at 6:02pm —
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Lancaster California is working to become the green energy capital of the world. The first residential vertical axis wind turbine (first of many to come) was installed under new city regulations went into operation.
The City of Lancaster and our surrounding region enjoy an infinite supply of natural resources wi…
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Added by Richard OBrian on December 22, 2009 at 1:30pm —
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$8,000 First-time Home Buyer Tax Credit at a Glance
• The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
• The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer's principal residence within three years after the initial purchase.
• The tax credit is equal to 10 pe…
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Added by Joshua Campbell on December 18, 2009 at 4:41pm —
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Land Banking for Legacy Building
All investors share the common desire to build a financial legacy that can be passed on to loved ones or worthy causes. Land Banking, as a proven long-term appreciation strategy, can be a valuable component of that legacy. Moreover, land is a tangible asset that loved ones can see, touch, feel.
Proven Strategy
It is estimated that over 80% of the millionaires in America built their wealth through real estate. Bob Hope, Donald Trump, Gene Autry, and Howard Hughe…
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Added by Jerry Kays on December 16, 2009 at 8:45pm —
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Investors can bet on the direction of home prices based on the Case Shiller 10 MSE using exchange-listed securities designed to mimic home prices.
The UMM or MacroShares Major Metro Housing Up will rise when U.S. housing prices climb.The DMM or MacroShares Major Metro Housing Down, profits when real estate values fall.
see chart here
Housing Mar…
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Added by Howard Bell on December 13, 2009 at 10:16pm —
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Added by Heidi Wosak on December 12, 2009 at 11:24am —
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NAR reported Tuesday that its index measure of pending sales of resale homes gained for the ninth month in a row in October with a 31.8% gain over the same month last year.
see chart here
NAR expects 5.15 million sales of resale homes this year, compared with 4.91 million in 2008 and 5.65 million in 2007.
New single-family home sales will drop an estimated 18.7…
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Added by Howard Bell on December 6, 2009 at 10:20pm —
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Many have called for consumer watchdogs in the wake of the financial crisis in America. Just yesterday, President Obama announced the need for consumer assistance in understanding complex financial decisions and transactions such as mortgages. While, I'm sure there are varying opinions on who should step up to take this role (government or private sector), we beleive the free markets have already solutioned for this need with the growth of National Home Loan Advocates.
Consumers finally have an…
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Added by Joshua Campbell on December 5, 2009 at 10:10am —
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The trend in the
greater Antelope Valley is appears to be starting early as the numbers show December have started off like gang busters. With projected open escrows over 600 and sold homes running in the 400 range. January looks to be the start of the comeback year. Low end
homes prices are on the rise thus putting upwards pursuer on the rest of the market. Even new homes are coming into the market. The
high Desert, Antelope Valley, Palmdale Lancaster areas have the best pr…
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Added by Richard OBrian on December 4, 2009 at 2:30pm —
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The 17th annual survey shows strong Interest In US Real Estate.
1. Foreign real estate lenders say they plan to increase lending by 58% in the U.S. in 2009.
2. Equity investors plan to increase investment activity by 40 percent globally and by 73% in the U.S. according to the results of the 17th annual AFIRE survey
Preferences
D.C. trumps New York as the top global city for foreign investment. London and New York were second and third position for foreign investment interest. Fi…
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Added by Howard Bell on November 28, 2009 at 10:30pm —
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The Home Buying Process
Buying a house can be quite a confusing process especially if you haven't done so before. To help make it easier to understand the process of buying a property we have created a helpful list.
Your Perfect Property
Take a good hard look at your lifestyle and decide which type of property is the most suitable for the way you live. Do you need a house with a garden or an apartment which is not on the ground floor? Where do you want to
…
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Added by Nick Alexandrou on November 25, 2009 at 7:00am —
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Helping Brokers and Agents maximize their REAL ESTATE LICENSES and INCOME
As you know, there are about 500,000 real estate licensees in California today with most of them vying for a small sliver of the neighborhood housing market. In contrast, there are billions of dollars of retirement money in IRA, 401k and other retirement plans in just California just waiting to be moved into real estate. Currently only about 2% of this money has found its way even though Section 408 of the IRS Tax Code al…
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Added by Jerry Kays on November 20, 2009 at 1:05pm —
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November 19th,
By Frederic Guitton
Would you ever enter a store with its lights off? Let's say you did... Would you by anything?
Sounds like a silly idea to rent a space then create a concept and a store to sell a specific merchandise but never turn the lights on, doesn't it?
Here is the point, today's internet is the busiest space on the planet, based on the latest data from NAR we now have 90% of prospective home buyers shopping online. 46% of online buyers go to a real estate company websit…
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Added by Frederic Guitton on November 19, 2009 at 10:47pm —
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The home buyers' tax credit has been extended to April 30, 2010. Obama approved the extension as part of a $24 billion economic stimulus bill.
The housing tax credit
Qualifiers
The measure limits the purchase price of the home to $800,000.
It also imposes income caps so that people who make more than $125,000 annually and couples who make more than $225,000 would not be eligible for a refund.
Anyone who collects the tax credit but sells their home within three years of buying it…
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Added by Howard Bell on November 15, 2009 at 3:04pm —
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As we all know the shift of prospective home buyers' behavior has been dramatic over the past 13 years. With an estimated 88% of them shopping online for their next home we know where they go to shop for their next home. Imagine if we knew which avenue people walked on to shop for real estate and there were real estate stores but all of them would be empty, lots to look at but no one to help you. This is largely what the internet is today; a place where people go to shop with no real interactive…
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Added by Frederic Guitton on November 12, 2009 at 10:20pm —
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From the Commerce Department
The US economy grew at an annual pace of 3.5% between July and September,its first expansion in more than a year, helped by a substantial government spending. Durable manufactured products soared at an annualized rate of 22.3%, led primarily by the cash for clunkers scheme lifting car sales.
The housing market also improved, with spending on housing products up 23.4%, its largest quarterly jump in 23 years. Thanks to the home buyers tax credit.The trickle do…
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Added by Howard Bell on November 11, 2009 at 6:25pm —
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The report, released last week is another green shoot pushing upwards. Home prices in the U.S., as measured by the S&P Case-Shiller home price indexes, rose in July over the previous month, as 18 of the 20 metropolitan areas comprising the benchmark saw saw a boost to real estate values. For the 16th consecutive month, every region saw year-over-year declines, but the pace of those declines continues to decelerate, according to the Wall Street Journal. The ten-city index is down 33.5% from i…
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Added by Howard Bell on October 21, 2009 at 2:08pm —
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The tax credit has been a significant boost to sales. NAR reports that sales have jump to 5.1 million from about 4.5 million annualized home sold in the past few months prior to the stimulus.
see chart
The tax credit has been a significant boost to sales. NAR reports that sales have jump to 5.1 million from about 4.5 million annualized home sold in the pa…
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Added by Howard Bell on October 20, 2009 at 8:35pm —
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I must have received a dozen or more calls within a matter of minutes after the news announced that there was a possibility the
$8,000.00 tax credit could be extended past the original expiration date of December 1st, 2009. KXNT news radio announced on Thursday, September 17th, @ about 2:00 pm that a bill was set to go to the Senate to extend the $8,000.00 tax credit for an additional 6 months. Other Net…
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Added by Melanie Dages on October 3, 2009 at 11:00am —
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An estimated 1.4 million individuals have used the $8,000 federal tax credit for first-time home buyers, according to the Internal Revenue Service.
A Dec. 1 deadline looms for first-time buyers to purchase a house to qualify for the tax credit.
The credit equals 10 percent of the purchase price of a home, up to $8,000. It either reduces the individual's tax payment or will be returned as a higher refund next year. There are income limits to the program.
Why the First-Time Buyer Tax Credit is l…
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Added by Joshua Campbell on September 28, 2009 at 4:44pm —
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