Posts

Showing posts from October, 2012

October 2012 Newsletter

Image
Phoenix, Arizona foreclosure activity falls again By Kristena Hansen Foreclosure activity throughout metro Phoenix and Arizona continued tumbling this summer at a rate that far outpaced the nation, according to the latest report released Tuesday by  CoreLogic.  Metro Phoenix’s foreclosure rate, meaning the percentage of all outstanding residential mortgages in a particular area that are in some stage of the foreclosure process, in July was 2.18 percent. Read more, click HERE! Read entire newsletter, click HERE!

10 things you need to know about the 3.8% tax that could go into effect 2013

Here is the Top Ten Things You Need to know about the New 3.8% Real Estate Sales Tax When you add up all of your income from every possible source, and that total is less than $200,000 ($250,000 on a joint tax return), you will NOT be subject to this tax. The 3.8% tax will NEVER be collected as a transfer tax on real estate of any type, so you’ll NEVER pay this tax at the time that you purchase a home or other investment property. You’ll NEVER pay this tax at settlement when you sell your home or investment property. Any capital gain you realize at settlement is just one component of that year’s gross income. If you sell your principal residence, you will still receive the full benefit of the $250,000 (single tax return)/$500,000 (married filing joint tax return) exclusion on the sale of that home. If your capital gain is greater than these amounts, then you will include any gain above these amounts as income on your Form 1040 tax return. Even then, if your tota...

October 2012 Market Report

For the full report, click HERE!

Recovery is the buzz word....finally!!

Image
The National Housing Market Continues to Improve Mortgage rates have reached record lows, making home ownership more affordable than ever before. Americans considering buying a home should feel secure about investing in real estate; the housing market is continuing to improve. July saw an increase in both the number of homes sold and the number of contracts signed. The number of total existing home sales rose to a seasonally adjusted annual rate of 4.47 million, a growth of 2.3 percent from June's total of 4.37 million. The Pending Home Sales Index―which reflects the number of contracts signed―also increased in July, reaching levels well above those reported last year. July's index of 101.7 is 2.4 percent above June's figures and a full 12.4 percent above July 2011's figures, when the index topped 90.5. The index has fluctuated month to month, but there have been year-over-year gains reported for the past 15...

Tips and Tricks

Image
The National Housing Market Continues to Improve Mortgage rates have reached record lows, making home ownership more affordable than ever before. Americans considering buying a home should feel secure about investing in real estate; the housing market is continuing to improve. July saw an increase in both the number of homes sold and the number of contracts signed. The number of total existing home sales rose to a seasonally adjusted annual rate of 4.47... Read More Home Decor Evolution: Trends to Try for an Instant Update ...