home ownership: It's National Home Ownership Month - A Great Time To Sell Your House
- 06/06/23 01:53 PM
If you are contemplating the sale of your house, it is important to be aware of the current market conditions. With the limited number of homes available for sale there is a significant advantage to Delaware sellers. This is due to the fact that there are more potential buyers than there are homes on the market. Consequently, with a scarcity of options, buyers will be more inclined to consider your property, increasing the likelihood of attracting a larger pool of home buyers.
Industry experts have shared their insights on the advantages of selling now. Let's take a closer look at their perspectives. Lawrence … (1 comments)
home ownership: Home Buyers Just Got a Government Coupon to Help With FHA Purchases
- 02/28/23 04:54 PM
No matter how beneficial purchasing a home may be for your long-term financial security, the cost of buying your first house can often seem exorbitant and unattainable. This leads many younger individuals to delay purchasing a home until later in life than they would have if the costs were more manageable. Despite the common misconception that young people are unable to purchase homes, nearly 40% of individuals under the age of 35 are homeowners. This demonstrates that it is far from impossible or unaffordable for younger generations to become homeowners.
Homeownership Stats by Age No matter how beneficial purchasing a home may … (3 comments)
Not a 2007-08 Repeat With housing prices increasing and the mortgage interest rates increasing, there was a slowdown from unprecedented levels of home sales. Do NOT think that this will be a repeat of the house market from just 15 years ago where prices crashed. First, housing in general is a better position health wise than during 2007. Controls were put into place to minimize the potential of repeating the devastation to our entire economy starting with much more stringent lending guideline that sifted through the potential of problem loans before they made it to a purchase. Today … (0 comments)
Do you really want to be an hour early for church, kids sporting events or open houses? It takes just minutes to update your clocks and change your batteries for smoke and carbon monoxide detectors.
Would $ 17,500 in Grants help you with your home purchase plans? This new program gives you the opportunity to spend the holidays in your very own home. Call today to find out more! (800) 895-5112 ext 4025 … (4 comments)
home ownership: There Are Tax Benefits With Home Ownership
- 01/04/16 08:06 PM
Homeownership has always been the "great American dream".To foster and encourage this dream, Congress has consistently enacted tax legislation which favors homeowners. Indeed, much has been written that our tax laws discriminate against renters, by giving unfair and unequal tax benefits to those who own homes. Every four years, some candidate for high political office tries to focus our attention on equalizing the tax laws, and repealing the homeowner benefits, but these arguments have consistently fallen on deaf ears. And this coming election year is no different.
For those of us who own homes, here is … (1 comments)
home ownership: Reason 10 - Why You Should Own a Home
- 07/13/14 12:28 AM
Don't forget the tax benefits that homeowners are granted. As a renter, your landlord is reaping these benefits. · Mortgage deduction: The tax code allows homeowners to deduct the mortgage interest from their tax obligations. Some closing cost deductions: The first year you buy your home, you are able to claim the points (also called origination fees) on your loan, no matter whether they are paid by you or the seller. · Property tax is deductible: Real estate property taxes paid on your primary residence and a vacation home are fully deductible for income tax purposes. · Tax Deductions on … (2 comments)
home ownership: Housing is economy's elephant in the room
- 02/08/12 03:07 AM
In a double surprise, the job market may at last have begun to revive, but the double-the-forecast, 243,000-job surge in January has done little harm to mortgages. We are still near 4 percent; with 10-year Treasury notes up from 1.82 percent but holding nicely at 1.95 percent. Ordinarily a payroll jump like this would have killed us, especially in combination with strong results in the two Institute for Supply Management surveys for January: manufacturing to 54.1 from 53.1 in December, and the service sector way up to 56.8 from 52.6 last month.
Some of the calm reaction in markets … (1 comments)
home ownership: 10 states ranked by high, low homeownership rates - Delaware in Top 5
- 10/19/11 03:45 AM
The dream of owning a home has become increasingly unattainable for many Americans, and the situation is not likely to improve soon, as the collapse of the housing market and the recession continue to take their toll. That is the disturbing conclusion to be drawn from the U.S. Census Bureau's newly released report, "Housing Characteristics: 2010," an overview of the national home market at the end of the last decade. One of the highlights of the report is a list of the states that have the highest and lowest percentage of homes occupied by their owners. A review of the data by 24/7 … (1 comments)
home ownership: Housing Affordability Rises to Record Levels
- 05/28/11 10:07 AM
Nationwide housing affordability during the first quarter of 2011 rose to its highest level in the more than 20 years it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released recently. The HOI indicated that 74.6 percent of all new and existing homes sold in the first quarter of 2011 were affordable to families earning the national median income of $64,400. This eclipsed the previous high of 73.9 percent set during the fourth quarter of 2010 and marked the ninth consecutive quarter that the index has been above 70 percent. Until 2009, the … (0 comments)
home ownership: 4 Signals It Might be Time to Buy (vs. Rent) Your Home
- 04/28/11 08:42 AM
To rent or to buy: what used to be a given – that you would buy a home as soon as you could afford to – has become an agonizing conundrum for many a would-be homebuyer, in the face of the housing market’s big bust and super-slow recovery. Low prices seem to create a wide-open window of opportunity, but they also create the concern that prices will keep falling after closing. And that Catch-22 has hundreds of thousands of buyers-to-be stuck on the fence. Fortunately, there are handful of life, mortgage and local market signals which indicate that the time *might* … (0 comments)
If you are contemplating the sale of your house, it is important to be aware of the current market conditions. With the limited number of homes available for sale there is a significant advantage to Delaware sellers. This is due to the fact that there are more potential buyers than there are homes on the market. Consequently, with a scarcity of options, buyers will be more inclined to consider your property, increasing the likelihood of attracting a larger pool of home buyers.
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