Posts Tagged ‘Silver Lake real estate’

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7 Reasons why now is a great time to buy a home!

December 15, 2010

It’s prime time to buy a home!

I just read a great ebook called “7reasons Why Now is a Great Time to Buy a Home!”It’s filled with positive, exciting information to help buyers seize the incredible market opportunities available to them right now. Over the next seven weeks, I’ll be sharing key excerpts from this ebook with you in my blog. For a free copy of the ebook, contact me and I will send it your way. 323.804.2008


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Important Article about Re-Financing

October 14, 2010

Thinking of refinancing your home read this article first!

http://www.latimes.com/business/realestate/la-fi-harney-20101010,0,5817827.story

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Selecting the right travel crate for your pets move.Video

June 22, 2010
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May 12, 2010

According to a report in Inman News

Top 10 Areas for Single-Family Median Price Increases


Rank
Metropolitan Area % change, Q1 ’09-Q1 ’10
1 Saginaw-Saginaw Township North, Mich. 100.7%
2 Akron, Ohio 90.2%
3 Cleveland-Elyria-Mentor, Ohio 53.8%
4 San Francisco-Oakland-Fremont, Calif. 28.9%
5 Grand Rapids, Mich. 26.0%
6 San Jose-Sunnyvale-Santa Clara, Calif. 24.4%
7 Dayton, Ohio 22.8%
8 Memphis, Tenn.-Miss.-Ark. 18.5%
9 Gary-Hammond, Ind. 18.3%
10 Elmira, N.Y. 17.8%

Top 10 Areas for Single-Family Median Price Decreases

Rank Metropolitan Area % change, Q1 ’09-Q1 ’10
1 Orlando, Fla. -15.0%
2 Ocala, Fla. -14.5%
3 Cumberland, Md.-W.V. -14.4%
4 Boise City-Nampa, Idaho -13.9%
5 Reno-Sparks, Nev. -13.5%
6 Hagerstown-Martinsburg, Md.-W.V. -13.0%
7 Las Vegas-Paradise, Nev. -11.8%
8 Glens Falls, N.Y. -11.5%
9 Salt Lake City, Utah -11.4%
10 Palm Bay-Melbourne-Titusville, Fla. -11.0%
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Free MLS search Silver Lake Los Feliz Mt.Washington Echo Park

May 3, 2010

If you are interesting in finding a home in Silver Lake Los Feliz or the surrounding areas go to: http://www.karennumme.com/aboutus and click on the MLS Search. I would be happy to answer any real estate questions you may have.  I have lived in Silver Lake for 15years and have a Masters of Architecture Degree which has proved to be an asset to my clients.

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REALTOR� Magazine-Daily News-Tax Credits Have Been Pricey and Effective

April 29, 2010

Daily Real Estate News | April 28, 2010 |
As the home buyer tax credits near their end, analysts are concluding that the program was both expensive and successful.

The Treasury Department estimates that the credits helped 1.8 million people buy homes, but critics reply that two-thirds of the $12.6 billion in credits spent through the end of February went to people who would have purchased a home anyway.

Sen. Johnny Isakson, a Republican from Georgia, who worked as a real estate practitioner for 30 years and pushed through the 2010 extension and expansion of the program, says: “It’s true that a lot of people who got the credit might have bought without it, but they might have bought in 2012 or 2013. This got them to buy in 2009 and 2010, when we needed to shore things up.”

Economist Mark Zandi at Moody’s Economy.com agrees. “The tax credit helped to stanch the price declines, which had substantial benefit for the entire economy,” he says. “The home is still the largest asset on most people’s balance sheet, so when prices are falling, nothing works for most families. But now people can take a deep breath and think clearly again.”

Source: The New York Times, David Kocieniewski (04/26/2010).

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California expands $10K buyer tax credit

March 26, 2010

State doubles credit to $200M, opens it up to resales
Thursday, March 25, 2010. Inman News

The state of California has re-established and extended a $10,000 homebuyer tax credit. The new law, AB 183, signed today by Gov. Arnold Schwarzenegger, allocates $200 million to the credit for homes purchased between May 1 and Dec. 31, and between Dec. 31 and August 1, 2011. That’s twice the amount allocated to a similar credit passed for purchasers of new homes last year. Those funds were quickly depleted and builders have been asking for the credit’s return ever since. The state has extended the new credit to first-time buyers of existing homes as well as buyers of new homes. The funds will be split evenly between the two groups, and buyers will have to occupy the home for at least two years. The legislation had the backing of the California Building Industry Association and the California Association of Realtors. “The tax credit will help push prospective buyers off the fence, clear out inventory, and jump-start the homebuilding industry, which will help create jobs and reinvigorate the state’s economy,” said Liz Snow, the building association’s CEO and president, in a statement. “AB 183 also will significantly contribute to efforts to stimulate jobs creation within California’s housing market by helping to incentivize first-time home buyers to purchase homes that have been abandoned, foreclosed upon, and returned to the lender; or have been sitting on the market for extended periods of time,” said Steve Goddard, the real estate association president, in a statement. “It is these homes that will require substantial rehabilitation by the new owners, which will in turn generate a tremendous increase in jobs and accessory purchases connected to home improvement activities,” Goddard added. Snow said the credit would be paid out over several years and therefore lessen the blow to the cash-strapped state’s budget. “Additionally, recent studies show that building a new home generates roughly $16,000 in state tax revenues alone, which supports the notion that the credit will more than pay for itself,” Snow said. The Franchise Tax Board concluded that losses to the state’s General Fund will equal $200 million: $6 million in 2009-10; $69 million in 2010-11; $67 million in 2011-12; $54 million in 2012-13; and, $4 million in 2013-14. “The bill appears to represent a blending of policy goals, including: increasing demand for housing by lowering the effective purchase price; decreasing the existing market inventory of homes; and, encouraging construction of new homes. Supporters claim this bill will result in the generation of additional jobs in California. No formal jobs analysis has been conducted,” according to a legisaltive report.