Tax Benefits From Owning a Home
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- Category: Market Updates Market Updates
- Published: 08 March 2008 08 March 2008
- Hits: 13202 13202
Daily Real Estate News | March 7, 2008
Tax Benefits of Owning a Home
Before a home owner curses the troubled housing market, he or she should take solace in the U.S. tax code, which makes buying a home a good deal for almost everyone.
Here’s why:
Mortgage interest deductions, including in some cases mortgage insurance premiums, reduce home owners’ tax liability by reducing income. The deduction includes interest paid on both a first and a second home.
Interest on home equity loans is also deductible — whether the borrower uses the money to remodel the kitchen or to take a vacation to Disney World.
New FHA Loan Limits
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- Category: Market Updates Market Updates
- Published: 08 March 2008 08 March 2008
- Hits: 16030 16030
Special Report
HUD Releases New FHA, Conforming Loan Limits
(March 6, 2008) The U.S. Department of Housing and Urban Development today published new FHA and conforming
loan limits, based on median home prices as mandated by the Economic Stimulus Act signed by President Bush in
February. New loan limits for FHA and Fannie Mae and Freddie Mac are now calculated at 125 percent of the HUD
published median prices, with a floor of $271,050 and $417,000, respectively, not to exceed $729,750. NAR expects the
impact on the housing market to be significant because of the infusion of capital into the mortgage market, which should
result in lower interest rates across the board. In addition, there will be a direct impact on high-cost areas that previously
required borrowers to take out costlier jumbo mortgages. The new FHA loan limits can be accessed online. To find the
Fannie Mae and Freddie Mac conforming loan limits, on the HUD site choose "Fannie/Freddie" in the drop-down menu
called "Limit Type."
"We believe the economic stimulus bill will quickly have an impact on families and the nation's economy. The loan limits
for both FHA and Fannie Mae and Freddie Mac have been increased and this will act as a major stimulus for the housing
industry and for those people wishing to own a home," says Richard Gaylord, NAR president.
Idaho Real Estate
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- Category: Market Updates Market Updates
- Published: 23 February 2008 23 February 2008
- Hits: 15756 15756
Idaho Real Estate
Real Estate itself, is the most basic ownership of your piece of the world. Land ownership in the United states, consists of the property from your boundaries on the surface of the Earth all the way to the center of the Earth. In early America, settlers, engineers and surveyors set out across this vast country to establish the US Geological Survey to be able to describe real estate or real property by "meets and bounds" descriptions.
Without giving you the full lesson on geological surveys, Idaho Real Estate legal descriptions are based on the Boise-Meridian which runs from a specific point (The Initial Point) located near Kuna, Idaho. If you have ever read a true "meets and bounds" legal description for Idaho Real Estate, it will typically end with "...of the Boise-Meridian" or "BM". Thus the name of the city of "Meridian" because it lands on this geological meridian line.
There are almost 54 million acres of land in Idaho. How do you know what land is yours?
Foreclosure Robbery
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- Category: Market Updates Market Updates
- Published: 23 February 2008 23 February 2008
- Hits: 13204 13204
Daily Real Estate News | February 22, 2008
Man Robs Bank After Foreclosure
A masked gunman held up an Athens, Ga., bank on Thursday, saying that he was only getting his money back after the lender had foreclosed on his home.
Idaho Foreclosures
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- Category: Market Updates Market Updates
- Published: 05 February 2008 05 February 2008
- Hits: 13552 13552
Daily Real Estate News | February 5, 2008
Prime ARMs Fall Into Foreclosure Too
Subprime adjustable rate mortgages have gotten a lot of publicity, but the holders of prime ARMs are also going into foreclosure.
"The fact is the pain of the changing real estate markets is affecting more than just subprime borrowers," says Keith Gumbinger, vice-president of HSH Associates, a New Jersey-based financial information publisher. "It's more important to think of it as perhaps an ARM problem and a rate reset problem, not just a subprime problem."
Here are the top 10 states with the largest percentage increase in the last year of foreclosure actions relating to prime adjustable rate mortgages.
Find Horse Properties Here!
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- Category: Market Updates Market Updates
- Published: 03 February 2008 03 February 2008
- Hits: 15933 15933
Looking for a Horse Property?
Check out this up-to-date list directly linked from our active Intermountain MLS for Idaho Horse Properties!
Properties that will allow horses or accommodate horses can be seen right here! Some of these homes will have a barn or shop, others will just have enough room for a small pasture and yet many more may have large acreages. To refine your search, go here!
7 Business Strategies
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- Category: Market Updates Market Updates
- Published: 03 February 2008 03 February 2008
- Hits: 22067 22067
If you haven't read the book, the "E-Myth" yet, I suggest you purchase a copy & follow it's great advice!
The book covers 7 basic Business Development Strategies that can help make your operation flourish (If utilized and managed well). I hope you enjoy:
Outdoor Idaho
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- Category: Market Updates Market Updates
- Published: 03 February 2008 03 February 2008
- Hits: 14637 14637
Idaho Outdoor Sports
Whether it's fishing, hunting, snowmobiling, skiing, rafting, hiking or just getting out to smell the fresh wild flowers, IDAHO is a great place to settle in!
I've just prepared a small blog with some links to various Idaho outdoor activities, including the Idaho Horse Park, RV'ing, ATV's and dirt bike trails & more!
If you want to check out the great Idaho Outdoors, please take a quick visit!
Why is my House not Selling?
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- Category: Market Updates Market Updates
- Published: 03 February 2008 03 February 2008
- Hits: 13121 13121
You may be a frustrated home owner who is wanting to sell & nothing seems to be happening!
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Is it just the market?
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Are there any buyers out there?
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Is it my agent?
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Are people even seeing my house?
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What's wrong with my home, why don't people like it?
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What can I do to get it sold?
The Five Reasons a Home will Sell or NOT Sell.....
Text Messaging for Idaho Real Estate
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- Category: Market Updates Market Updates
- Published: 03 February 2008 03 February 2008
- Hits: 12733 12733
Client Updates via TEXT Baby!
What a wonderful tool!
I can't believe how convenient texting can be when going through a transaction with savvy clients! Thank you, Thank you, Thank you!