Latest Real Estate News

More than two-thirds of Canadian households own their home, the highest rate of homeownership since the government started keeping track of that information.

Between 2001 and 2006, homeownership rose for all income groups, even those in the lowest 20 per cent. Immigrants who have been in Canada for more than 40 years are more likely to own a home than Canadian-born people of the same age. And for the first time, more than half of lone-parent households headed by women owned their own home in 2006.
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admin :: Aug.05.2008 :: Daily Real Estate News :: 2 Comments »

“What are property values doing in Summit County?” That’s the question people I meet today ask the most.

Both visitors and locals are curious about how the real estate market in Summit County is, since, overall, the U.S. market has been dragging for a while. People thought Summit County real estate would be suffering too, but it didn’t, until this year. From January through June of 2008, the number of sales decreased 38% compared to 2007, which is a sign that the national economy’s slowing has caught up to us. Continue Reading »

admin :: Aug.03.2008 :: General :: No Comments »

We have seen huge crashes in real estate price recently. Many investors became hurt loosing their valuable dollars. But this recession in price is normal for any commodity or service. An intelligent and experienced investor can still earn money and make a profit out of real estate business. But anybody who want to try real estate business must be more educated and careful before going ahead with real estate investment. In the same way the real estate agent and real estate broker and share holders can also have to be more careful while going ahead with real estate business. Continue Reading »

admin :: Aug.02.2008 :: General :: No Comments »

This weeks headlines in the National press have echoed the concerns of Italy’s main government that the Sardinian island of Maddalena will not be ready to host the G8 Summit in July 2009 due to the lack of infrastructure and tight schedule before the commencement of the summit. The race is now on to find an alternative to Maddalena and Alghero’s Mayor believes his City has everything needed and a good track record. Continue Reading »

admin :: Aug.01.2008 :: General :: No Comments »

The other day I had a conversation with a past client of mine. We discussed how he and I, because of the different businesses we are in, are constantly surrounded by negativity due to the economic conditions of today. Some days I can shrug it off without a problem and there are other days all that negativity bothers me.

Last night I came home and watched the news, and it showed a lady lamenting about her situation, i.e. her foreclosure, and she was crying. She made the comment that there’s no one to help her, which really upset me. Later in the evening, I was watching Glenn Beck on CNN and became even more enraged.
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admin :: Aug.01.2008 :: Daily Real Estate News :: No Comments »

Hispanic, Asian and African American real estate professionals issued a joint statement of endorsement today for the actions of the Federal Reserve Board and U.S. Treasury Department to bolster support for Government Sponsored Enterprises Fannie Mae and Freddie Mac. The Multicultural Coalition of 70,000 combined members of the National Association of Hispanic Real Estate Professionals (NAHREP), the Asian Real Estate Association of America (AREAA) and the National Association of Real Estate Brokers announced their support of the measures by way of a letter sent to lawmakers and decision makers. Continue Reading »

admin :: Jul.15.2008 :: General :: No Comments »

FOR IMMEDIATE RELEASE: July 7, 2008

Housing Market Becoming More Balanced as Sales Climb to Highest Level in 10 Months

KIRKLAND, Wash. (July 7, 2008) – Home sales around Western Washington last month reached the highest level since August 2007 as market conditions continue to favor buyers, according to a new report from Northwest Multiple Listing Service.

Prices in most counties were down compared to a year ago, but up slightly compared to May. Inventory showed signs of returning to a more balanced market.

Northwest MLS members reported 6,470 pending sales system-wide during June, the highest volume since August when members notched 7,751 pending sales (offers made and accepted, but not yet closed). Compared to the same month a year ago, pending sales were down nearly 30 percent. Eleven of the 19 counties in the MLS service area reported increases in the number of pending sales last month from May.

Members added 13,187 new listings of single family homes and condominiums to inventory (the fewest number since February). With those additions, the number of active listings in the MLS database totaled 50,143, about 10.9 percent more than a year ago. On a percentage basis, there has not been a year-over-year change this small since December 2005 when inventory rose just 2.3 percent from December 2004.

Abundant inventory tends to favor buyers, but the local market is more balanced than most parts of the country. Of existing homes available for sale, the National Association of REALTORS reported a 10.8 month supply for May at the current sales pace. Continue Reading »

admin :: Jul.15.2008 :: General :: No Comments »

The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death (Refer to Form 706 (PDF)). The fair market value of these items is used, not necessarily what you paid for them or what their values were when you acquired them. The total of all of these items is your “Gross Estate.” The includible property may consist of cash and securities, real estate, insurance, trusts, annuities, business interests and other assets.
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admin :: Jul.02.2008 :: General :: No Comments »

You may qualify to exclude from your income all or part of any gain from the sale of your main home. Your main home is the one in which you live most of the time.

Ownership and Use Tests

To claim the exclusion, you must meet the ownership and use tests. This means that during the 5-year period ending on the date of the sale, you must have:

• Owned the home for at least two years (the ownership test)
• Lived in the home as your main home for at least two years (the use test) Continue Reading »

  admin :: Jul.02.2008 :: General :: 1 Comment »

Today, there are tons of realtors in the world today and apparently they are aiming to get your attention. They have a lot of projects to offer and for sure you will have your share of leaflets and brochures to choose from. While they may be appealing thanks to presentation, keep your mind in check. Do not be infatuated with what you initially see.

There are more things to see in real estate opportunities. Location, amenities and provisions, all of these are important. You just have to look at it as a whole and not from a perspective which is always aimed to mislead you.

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admin :: Jun.20.2008 :: Uncategorized :: No Comments »