tax benefits: Another Housing Bailout on the Horizon?
- 10/20/09 04:21 PM
The current administration has announced still another initiative in an effort to prop up the housing market. Declining to put a pricetag on the program and insisting there would be no cost to taxpayers, officials unveiled a plan to aid state and local housing finance agencies, which provide mortgages to first-time and lower-income homebuyers and enable the development or rehabilitation of rental properties. Treasury Secretary Tim Geithner said: "This initiative is critical to helping working families maintain access to affordable rental housing and homeownership in tough economic times." Under this new initiative, the Treasury Department, along with Fannie Mae and Freddie Mac, … (1 comments)
tax benefits: What are we... chopped liver?
- 08/10/09 04:19 AM
Much has been said about the fed's tax incentive for "First Time Home Buyers"... But what about current home owners?... What are we... chopped liver? If you are a current home owner, like us, hopefully the following information will brighten your day: Home Improvement Incentives Consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in existing homes can receive a tax credit for 30% of the cost, up to $1,500, for improvements "'placed in service' starting January 1, 2009, through December 31, 2010. See EnergyStar.gov for a complete summary of energy … (1 comments)
tax benefits: Home's Value Helps Owner with Financial Planning
- 04/17/07 01:31 PM
It's the illusive question for many a homeowner in today's market. "What is my home worth?" Homeowners need to know this information for many reasons. While there may not be a primary purpose, determining the value of your house can be useful in many financial decisions you'll make in the future. The value of the house determines your buying power, tax bill, insurance premium and other financial planning aspects of your life. Let's look at each of them separately. Real estate investing: When a homeowner wants to sell the house, it's not just that he wants to walk away with the … (0 comments)
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The current administration has announced still another initiative in an effort to prop up the housing market.
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