Real Estate Investing

Dec. 10, 2012

Sales of high-end homes, lots making a comeback

Looks like buyers are ready to spend again in Beaufort County, specailly on the High-end residential real estate property. This is a great news for the community as Beaufort County is one of the fastest growing counties in the south. Steady growth is always a good sign.

 

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Dec. 10, 2012

A Bill Worth Watching - and Maybe Supporting

So much of what goes on In Washington gives me a headache. But, in my opinion, there is one legislative item that could be of great benefit to consumers and homeowners. This bill, introduced into the Senate and in committee now, seeks to extend tax deductions for building upgrades, make …

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Dec. 10, 2012

Let Your Tenants Send Your Kids to College

Most people have lots of things to save for but not always enough discretionary income after the family essentials have been met.

 

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A relatively small investment in a rental home can control a good home that will easily rent, generate positive cash flows and …

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Dec. 9, 2012

New-Home Sales Rise in November

Sales of new single-family homes increased 4.4 percent in November to a seasonally adjusted annual rate of 377,000 units, according to figures released today by HUD and the U.S. Census Bureau. It was the highest monthly total since April 2010 when the federal home buyer tax credit expired.

“New-home …

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Dec. 7, 2012

As Short-Sale Tax Break Nears End, Pressure Mounts on Homeowners

(MCT)—The race is on to finalize short sales and seal the deal on mortgage reductions as the Dec. 31 expiration of a massive tax break for struggling homeowners looms.

Since 2007, homeowners whose banks have forgiven unpaid mortgage debt after a short sale, principal reduction or foreclosure have not …

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Dec. 7, 2012

Residential Construction Spending Climbs to 4-Year High

Private residential construction spending surged 3 percent on a month-to-month basis in October 2012. The initial estimate for September was revised downward from a 2.8 percent gain down to a 1.1 percent rate of growth; however, this was more than offset by an upward bump in the previously reported estimate …

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Dec. 7, 2012

NAHB Announces Best of 50+ Housing Awards Finalists

The National Association of Home Builders (NAHB) has announced the finalists for NAHB’s 2013 Best of 50+ Housing Awards, the premier design and marketing competition for the 50+ housing industry. A total of 83 entries were chosen as finalists and are eligible for either a Gold or Silver Award from …

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Dec. 7, 2012

Bankrate: Mortgage Rates Hit New Record Lows

Mortgage rates hit new record lows last week with the benchmark 30-year fixed mortgage rate dropping to 3.50 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points.

The average 15-year fixed mortgage rate slipped to 2.84 percent …

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Dec. 7, 2012

Why Buying at the End of 2012 May Be Your Best Investment Yet

With just a month left in 2012, the number of days to benefit from year-end home buying tax benefits is dwindling quickly. We consulted real estate experts from across the country to share what you need to know when preparing to close before December 31, 2012.

1.) End of …

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Dec. 3, 2012

FHA to Cost Borrowers More

FHA has announced a major change to its loan program which allows borrowers to cancel the mortgage insurance premium (MIP) when their unpaid balance reaches 78% of the original purchase price. While no specific date has been set for the change, sometime in 2013, new FHA loans will require the …

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