Home Prices On The Rise

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An even handed look at factors in the supply chain.-Stefan September 25, 2012, 9:47 AM Five Questions: Why Home Prices Are Rising By Nick Timiraos Associated Press Prices in July were 1.2% above their year-ago levels. Home prices through July posted their largest year-to-date rise since 2005, according to theS&P/Case-Shiller indexcovering 20 major metropolitan areas. Prices rose by 5.9% from …

Home Prices Highest Since 2009 Tax Credit Boom

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Good news for homeowners, buyers, and sellers.- Stefan   South Florida Home Prices Highest Since 2009 Tax Credit Boom by Kim Miller Home prices in Palm Beach, Broward and Miami-Dade counties were up more than 5 percent in July from the previous year, pushing pricing to levels not seen since the 2009 tax-credit driven increase. According to the Standard & …

Jupiter Compares to Country’s Best Places To Live

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Interesting to see how Jupiter stacks up against CNNMoney’s Top Ten.-Stefan Rank City Median family income (per yr) Sales tax State income tax rate (lowest-highest) Auto insurance premiums (state avg.) Job growth % (2000-2011) Remove Jupiter, FL $85,723 6.00%   0.00%-0.00% $1,476 39.34% 1 Carmel, IN $120,714 7.00%   3.40%-3.40% $1,518 26.44% 2 McKinney, TX $95,233 6.25%   0.00%-0.00% $1,492 147.12% 3 Eden Prairie, MN $116,085 6.88%   5.35%-7.85% …

Economists Bullish on Housing

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I wonder about the validity of these “economists” but still find the findings of intetrest-Stefan BY INMAN NEWS, THURSDAY, SEPTEMBER 20, 2012. Inman News® Rebounding arrow image via Shutterstock. Home prices will see steady increases through 2016 starting this year, according to a quarterly survey of more than 100 economists, real estate experts and investment strategists. The survey, conducted by research and …

Sales Up As Inventory Shrinks!

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Palm Beach County Real Estate Moving In The Right Direction!  -Stefan   Updated: 7:52 a.m. Thursday, Sept. 20, 2012 | Posted: 6:00 a.m. Thursday, Sept. 20, 2012 Palm Beach County Home Sales Up In August as Inventory Shrinks A bank-owned home for sale on Franklin Road in West Palm Beach has about 20 offers on it despite needing some refurbishing …

Winning In A Seller’s Market

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I would not consider this a seller’s market but this is valid advise for desirable properties in any market! – Stefan By Sarah Max @Money September 12, 2012: 5:53 AM ET (Money Magazine) — When Paul and Ieva Johnson moved from Minnesota to Florida, they were looking forward to warm weather and plenty of bargain-priced homes. But when the couple made their …

Mortgage Foregiveness- IRS

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Tax implications for short sellers.  Straight from the IRS.- Stefan   The Mortgage Forgiveness Debt Relief Act and Debt Cancellation If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on …

Florida Residential Price Index

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  Real Data (Residential Price Index)  on Florida Home Sales-Stefan New Florida Realtors Residential Price Index tracks trends ORLANDO, Fla. – Sept. 12, 2012 – Florida Realtors® has launched its new Residential Price Index reports, which give Realtors, their clients and others interested in the state’s housing market a better understanding of home price trends. “Realtors will be able to …

Home Builders See Credit Thaw!

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Lending to homebuilders shows confidence in the real estate market-Stefan Published: Thursday, 16 Aug 2012 | 12:10 PM ET By: Diana Olick CNBC Real Estate Reporter The U.S. home building industry is finally coming off its lowest volumes ever, albeit in fits and slow starts. pdz_house Home Construction New single family home starts fell 6.5 percent in July from the previous month …

More Short Sales Than Foreclosure Sales in PBC

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Short sales outnumbering foreclosure sales is good news for buyers and sellers alike.-Stefan   Posted: 7:00 a.m. Tuesday, Sept. 4, 2012   Lenders Allow More Short Sales; Foreclosure Sales Down in Palm Beach County By Kimberly Miller Palm Beach Post Staff Writer WEST PALM BEACH — The number of homes purchased in a short sale surpassed foreclosure buys in Palm Beach …