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finance: 12 Hidden Costs of Homeownership - 04/12/10 10:00 AM
 
12 Hidden Costs of Homeownership
 
As the spring season gets underway, many Americans will be looking to take advantage of the lower real estate prices, attractive mortgage rates, and federal tax credit by purchasing a home. But remember: Not all of the costs associated with homeownership are reflected in the listed price.
 Indeed, many buyers -- particularly first-time buyers -- may be surprised by the amount of cash they'll need to set aside for housing-related expenses that they hadn't previously considered.
These often-overlooked expenses can include everything from title insurance to lawn mowing. To give would-be home buyers a … (5 comments)

finance: Investor Report: Tax Extender Act: 50 tax program extensions beyond their December 31st scheduled expiration date. - 12/19/09 10:48 PM
 
Investor Report: Tax Extender Act
 by Kenneth R. Harney
Real estate investors are facing a squeeze play on Capitol Hill, with important tax incentives nearing an end-of-the-year deadline.
Last week the House approved what's known as the Tax Extender Act, a Christmas tree bill filled with nearly 50 tax program extensions beyond their December 31st scheduled expiration date.
Two of the extenders are especially significant for investment real estate: First is the so-called "leasehold improvements" provision, which allows owners of commercial, retail, hotel and office buildings -- large and small -- to use an accelerated 15-year depreciation schedule in writing … (2 comments)

finance: Realty Viewpoint: Bad Builder Numbers Where They Should Be - 01/29/08 10:10 AM
 
Realty Viewpoint: Bad Builder Numbers Where They Should Be
 by Blanche Evans
The Commerce Department reported that new home sales in December dropped to the lowest level in nearly 13 years.
Instead of the million or two we're used to hearing reported at year's end, new home builders only sold about 774,000 new homes in 2007. That's 26.4 percent below 2006, and the biggest year-over-year drop since 1963, when new home sales were first tracked by the government.
Prices fell dramatically in December for both the average (-11.5 percent to $267,300) and the median (10.9 percent to $219,000) price fell 10.9 the … (0 comments)

 

Frank Zeno

San Antonio, TX

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