Energy Tax Credit – December 31 Deadline
Energy Tax Credit Deadline Looms
The Dec. 31 expiration of most energy tax credits is driving a mini-boom in home improvements. The federal tax credit covers 30 percent of the cost of various conservation upgrades, up to maximum of $1,500. In many states, it can be combined with state and energy company credits to potentially double the credit. Congress is considering a smaller incentive for next year. Currently, the proposed new credit would cover 10 percent of the cost of conservation upgrades to a maximum of $500. The measure has passed the House, but there is no guarantee that it will pass the Senate. Compliments of Realtor.org For more information visit: http://www.realtor.org/rmodaily.nsf/pages/News2010121502?OpenDocument
CURB APPEAL! Exterior Home Improvements Recoup More $$$ for Sellers
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Owners Recoup More with Exterior Home Projects
As part of the 2010-11 Remodeling Cost vs. Value Report, REALTORS® recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one of the most important aspects of a home at resale time………Nine of the top 10 most cost-effective projects nationally in terms of value recouped are exterior replacement projects. The steel entry door replacement ………midrange garage door replacement…………“Curb appeal remains king – it’s the first thing potential buyers notice when looking for a home, and it also demonstrates pride of ownership,”
Compliments of Realtor.Org
For More Information Visit:
http://www.realtor.org/rmodaily.nsf/pages/News2010121601?OpenDocument
Great Time to Buy – Before the Rates Get TOO HIGH!
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Rising Rates Could Get Buyers Moving
“Ironically, it could be rising interest rates that finally push home buyers off the fence and into the market.”
While Congress is debating the tax-cut compromise, the financial markets have interpreted the proposal as a development that will likely push mortgage interest rates higher than they have been for months.
Analysts are predicting that buyers will move quickly when it looks like rates are going up and are unlikely to come down. “Once people see this might actually be the bottom, they’ll go for it,” says Paul Dales of Capital Economics.
The average rate for a 30-year fixed loan increased to 4.61 percent in the week ended Thursday, Dec. 9, from 4.46 percent the previous week. The average 15-year rate rose to 3.96 percent from 3.81 percent.
This article compliments of Realtor.org
For More Information Visit:
http://www.realtor.org/RMODaily.nsf/pages/News2010121301?OpenDocument
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October Market Update
For the month of October:
Total Number of Listings: 1334
Total Pending: 122
Total New Listings: 203
Total Sold: 57
Source: Bayou Board of Realtors