News about properties and real estate
There might finally be some good news this year about the nation’s dismal housing market. Or, at least, the bad news could stop. Either way, it will be welcome relief for current homeowners as well as for potential real-estate investors. Reasons to be optimistic have been sadly lacking since the housing bubble burst in 2006. …
Continue reading “Why 2011 May Be the End of the Housing Crash – WSJ.com”
Q. I have two questions in regards to rental properties. On June 30, 2010, I moved out of my primary residence that I owned and rented it out July 1, 2010. First question is, how do I determine the value of the home to calculate the depreciation? I purchased the property in 2007 for $192,000 …
Continue reading “Figuring tax deductions on rental property”
Is housing headed for a dreaded double-dip? Or are signs finally pointing to a long-awaited rally? Despite the glum statistics recently, well-heeled buyers in many markets should feel comfortable betting on the latter. Home prices nationwide in December were down more than 31% from their 2006 peak, according to the latest Standard & Poor’s/Case-Shiller index, …
In especially troubled housing markets such as Florida, foreclosures are down, four years into the housing crash. But that’s thought to be just temporary. Sales are up in Florida, but in some areas more than half of those sales involve foreclosures. There’s one group of homebuyers, however, for whom market conditions couldn’t be better: Canadians. …
Continue reading “In Florida, It’s A Great Time For Canadian Homebuyers : NPR”
Many markets, such as Florida, California and New York, are seeing a surge of foreign buyers. One luxury condo complex in Miami Beach says a growing one-third of such buyers are snapping up homes at bargain prices. Last week, a story on cash buyers quoted a Realtor in Napa Valley noting particular interest from Chinese …
February is when potential home sellers start painting walls beige and cleaning out closets, preparing for the spring homebuying season. But sellers got some unnerving news last week: The interest rate on a 30-year mortgage jumped up to a level not seen since last April. In November, the average rate slipped to a 40-year low …
Continue reading “Buyers Face Gamble With Rising Mortgage Rates”