Houston housing sales for 2012 prove that the housing market is still going strong in Houston. A combination of the substantially low interest rates and the number of new jobs are the driving forces for the 23 percent increase in dollar volume over 2011. In fact, home sales have been going strong for 19 straight months. Inventory is low and …
Are you wondering what’s trending in homes for 2013? You’ll be happy to know this year all home trends are based on homeowner’s tastes and not worrying about what a future buyer’s taste might be. More homeowners will now be designing their homes based on living in it for longer time than in the past. According to designers and home …
According to the National Association of Home Builders (NAHB) and Wells Fargo Opportunity Index (HOI), the fourth quarter of 2012 revealed a slight gain in nationwide housing affordability due to substantially low interest rates. The 74.9 percent of homes sold between October and December were sold to families earning a median income of $65,000. This was an increase of one …
What is AMT tax? Alternative minimum tax (AMT) is a federal tax that runs parallel to regular tax. It increases your taxable income by adding items that are tax-free under the regular tax system and disallowing many deductions. Complete form 6251 to determine if you owe additional AMT. If the tax on form 6251 is more than the tax calculated …
Are thinking about siding for your home? When deciding what types and styles of house siding to select, you should consider wood. It has a natural beauty and it’s very durable. Quality wood siding can last the life of your house, if you maintain it regularly. It will deteriorate if it’s not maintained property especially at joints, knot holes, and …
Real Estate economists and insiders predict the 2013 market trends to include: increasing home prices, increasing rent prices, less foreclosure bargains, an increase in short-sales, an increase in first time buyers, higher home construction costs, an increase in property management, an increase in mortgage rates, and easier credit standards. However, these predictions are based on the mainstream forecast of economic …
Press Release – The National Association of Home Builders (NAHB) – February 7, 2013 Compared to the same period in 2011, the fourth quarter of 2012, revealed that the builder confidence in the 55 plus single-family housing market showed continued improvement. The Housing Market Index (HMI) revealed a 10 point increase to a level 28, which is the fifth consecutive …
The demand for energy-efficient homes is increasing according to Forbes magazine. In a study conducted by McGraw-Hill and the National Association of Homebuilders, Green Home building will increase 17 percent from 2011 to 2016. Thirty percent of it will be in the US building market. You can save money while saving the planet, if you build an energy-efficient home. Green …
There are many negative effects a foreclosure has on homeowners. You may think that your financial issues are almost over when you no longer have the large mortgage to pay. However, you may end up owing the IRS. If the lender forgives the debt on the home loan, the lender will usually report it to you and the IRS. This …
