Everyone knows the old supply and demand curve. As demand goes up and supply goes down and prices usually increase. Clearly there are numerous factors that have influence over this rather simple economic model. All things considered, when you have more buyers than sellers, prices rise. If you look at supply curve of real estate inventory over the past decade, you quickly notice that the supply curve went way up...
PARSIPPANY, N.J. 02-06-2012 — Century 21 Real Estate LLC, the franchisor of the world's largest real estate sales organization, announced that it has maintained its industry leadership position in brand awareness for the 11th consecutive year. In a study conducted by Millward Brown, a leading global market research organization, the CENTURY 21® brand achieved 95 percent name recognition, the highest consumer awareness level when compared to other real estate brands....
IRS Tool Calculates What You Owe on First-Time Home Buyer Tax Credit A new online tool helps home owners who used the 2008 first-time home buyer tax credit calculate how much they now have to pay back. If you bought a home in 2008 and took advantage of the original first-time home buyer tax credit in 2008, you have to pay it back. The credit was a no-interest loan, and...
Like many consumers today, you may be thinking this is a great time to buy your the lack of a down payment. But favorable price and mortgage conditions will likely last for a while. The smart and hopeful first-time buyer will take advantage of the opportunity to save now for that needed down payment.” For those willing to make a few sacrifices in the short-term, Ray suggests eight possible ways...
Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit. Sin #1: Deducting the wrong year for property taxes You take a tax deduction for property taxes in the year you (or the holder of your escrow account) actually paid them. Some taxing authorities work a year behind — that is, you’re not billed for 2011 property taxes until...
Deciding what kind of home loan is best for your needs is an integral part of the home buying process. But it’s not always easy, according to California mortgage broker Prime Lending. Prime Lending notes the eight most important factors to compare when shopping for a mortgage: • Principal – The principal is the amount you are borrowing—or the price of the home you are buying minus the down payment. Lenders...
Original article available at Forbes.com Buy outright or invest? This recent Forbes article showcases one man’s decision. When a 62-year-old financial advisor bought a two-bedroom Manhattan co-op recently, he showed up at the closing with a check for the full $970,000 purchase price. No mortgage? “The money I had in cash was sitting getting 0% interest,’’ explains the man, who asked not to be named. “It made absolutely no sense...
San Luis Obispo is situated in a unique area, roughly half way between two of the greatest cities in the United States - Los Angles and San Francisco. As people migrate away from those cities, but seek to retain proximity and lifestyle - the central coast communities like Carmel, San Luis Obispo, and Santa Barbara become interesting locations. For businesses, the Central Coast offers many Commercial advantages. Commercial rents run...
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