The First Step In The Home Buying Process

December 8th, 2010

Excerpt From: Profile of Home Buyers and Sellers 2010

By: National Association of Realtors® /Research Division

When starting the home buying process, the Internet plays an ever increasing role. Thirty-six percent of buyers looked online for properties for sale as their first step. An additional 11 percent began by finding information online about the home buying process and 19 percent started by talking to an agent.

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Mortgage Interest Deduction Vital to Housing Market

October 29th, 2010

Article From HouseLogic.com

By: Dona DeZube
Published: October 29, 2010

The home mortgage interest deduction saves the average home owner thousands of dollars at tax time, supports home values at the community level, and helps American home buyers get into their first house.

Having a tax deduction for mortgage interest makes owning a home more affordable because the deduction lowers the amount of tax you pay. U.S. Census data shows 37% of home owners with mortgages spend more than 30% of their income for housing. Paying less for housing means having more disposable income for savings and other household expenses.

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What will the Feds do in response to the continued housing slump?

September 16th, 2010

By: Bob Sallee

Published: September 16, 2010

For the past few months, national news media have focused on what’s been going on in the housing market, and predicting what may happen in regarding federal tax breaks and subsidies for homeowners.  Opinions range from the elimination of mortgage interest deductions on your federal tax return to new programs helping homeowners refinance mortgages which remain larger than the depreciated value of their homes, to subsidized housing for the unemployed or under-employed, and to increased rent subsidies for low income families.

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It Pays to Support Responsible Homeownership

September 8th, 2010

Article From HouseLogic.com

By: Dona DeZube
Published: September 08, 2009

Helping others become homeowners protects your home’s value and builds stronger communities.

Doing your part to help other Americans gain a foothold on the homeownership ladder doesn’t just help them. You’ll benefit both your community and your own pocketbook.

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How’s the Local Housing Market?

July 30th, 2010

By: Bob Sallee

Published: July 30, 2919

It seems like every day there’s another article on the U.S. housing market.  Mortgage interest rates hit historic low (for those who qualify).  Foreclosures may have hit a peak.  Building slump worsens (depending on home type) as federal homebuyer incentives end.

What’s really of interest is where the local housing market is, and where it’s heading in the Pikes Peak region.  People want to know how the local market is doing in terms of home construction, financing and sales.

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