Archive for the ‘Real Estate Terminology’ Category
Tuesday, March 25th, 2008
Real Estate Market Update:
The real estate market experienced a slight increase in sales in February, largely due to the battered housing market. National Association of Realtors report that February was the first month-to-month rise of the annualized pace since last July.
The median price of a single family ...
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Saturday, March 15th, 2008
A good rule of thumb is to use an indicator called the months of remaining inventory. It's a ratio of homes for sale divided by the number of homes sold. This number gives you an idea of what the current market conditions are like.
So stated in another way, ...
Posted in Investing, Lessons, Real Estate Terminology | 1 Comment »
Friday, February 29th, 2008
Thought this article may be helpful to people with vacation homes.
Finally — IRS Guidance on Exchanging Vacation Homes Revenue Procedure 2008-16 Provides Safe Harbor
Until now, the issue of whether a vacation home qualifies for tax deferral treatment under IRC §1031 was the subject of much scrutiny and uncertainty. To the ...
Posted in Lessons, Real Estate Terminology, Techniques | 1 Comment »
Friday, February 22nd, 2008
This is a small tangent from real estate, but I thought it would be useful for those of us that are still wrapping our mind around internet trends like Blogs, Wikis and RSS. I came across several short video clips on YouTube produced by CommonCraft – Explanations in Plain ...
Posted in Real Estate Terminology, Techniques, Uncategorized | 2 Comments »
Monday, February 18th, 2008
Most people only know of one type of real estate ownership; fee simple, also known as freehold. There are a handful of states that have another form of ownership known as leasehold.
The difference in these two types of land tenure is very different and affects the value of the ...
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