CHamler

Just recently, a friend of mine asked me to help him move. This was the second time he moved in the span of 12 months.  The first was when he had to move closer to his workplace. The previous apartment he rented required him to drive for almost two hours to his office. In a day, he spent an average of three to four hours on the road. This time, however, the reason was much different. He finally got the keys to his first house. This place was even further than the last apartment he rented but he thought the move…

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The tax reform will have varying effects on many housing markets in the country. According to The Wall Street Journal, the tax overhaul is going to create housing market winners and losers across the United States. These changes are expected to hit high-cost areas while encouraging more people to reconsider less-expensive states, fueling the housing demand. The new tax law will set a cap on the amount of state income and property taxes that homebuyers and owners can file and deduct. This cap will greatly affect states like California, New York, and other high-cost areas. According to the report, statesmen,…

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What will the housing market bring us this 2018? Does the country’s housing industry have a bright future? RECAP FOR 2017 Before 2017 came, housing industry analysts, expert,  and economists have given their predictions on how the real estate market would perform. In the beginning of the year, mortgage interest rates were expected to take a huge leap. Some analysts predicted that rates would reach past the four percent mark. Many experts also believed that interest rates would rise higher than 4.5 percent. During the first quarter and early second quarter of 2017, this forecast seemed to come true…

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As defined, home equity is the net current value of an owned property less any mortgages and liens tied to the property. Home equity moves depending on two main factors: (1) when mortgages or liens are paid down and (2) when home values move. When someone takes a mortgage, they are just required to put the minimum monthly mortgage payments. What happens after that is a mystery to many. Unknown to many, each time a homeowner makes a monthly payment, it leads to an even larger home equity. Improving Your Home will Increase Your Home Equity When you make improvements…

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Highlights: RE/MAX reports: November year-over-year home sales is 1.1 percent higher. On a month-over-month basis, it fell 7.3 percent. 36 out of the 54 markets saw an increase in year-over-year sales. Homes’ average number of days on the market, 54 days; down by five days on the year-over-year basis, up 3 days from October. On the recent report, RE/MAX saw a 1.1 percent increase in November home sales on a year-over-year basis. However, home sales were down by 7.3 percent from October 2017. RE/MAX Co-CEO Adam Contos said, “The end of the year is typically a slower selling season with…

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