John L. Scott Real Estate
Saturday, April 20, 2019
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Monday, April 1, 2013
March was another great month for Boise Real Estate. 335 homes sold last month and only 20% of them were distressed (short sale or bank owned). Also, the average price is up and broke the $200,000 barrier at $201,870! Currently there are only 852 active homes for sale in Boise. There are a total of 723 homes pending. The demand for housing is high!!!! Affordability with low interest rates makes a lot of sense for long term investment!
Posted by dawnmitchell at 4/1/2013 10:29:00 PM
Sunday, March 24, 2013
Here is a short list of real estate moves that trigger surprising tax issues, pro and con: 1. Refinancing. American homeowners have been on a refinancing spree this year, spurred by continually low interest rates and a new resurgence in home values and equity. When you refinance into a lower interest rate mortgage than you previously had, the focus tends to be on the fact that your monthly payment is lower or that you can pay your home loan off faster with the same payment every month. What many fail to calculate for is that the tax deduction based on your mortgage interest is the largest tax perk of home ownership. Most homeowners are eligible to deduct 100% of the interest they pay on a mortgage up to $1 million on their primary residence. So, if you reduce the interest you pay, you also reduce your mortgage interest deduction. 2. Becoming a landlord. Smart real estate investors get up to speed on capital gains tax laws, as its no surprise that selling a rental property at a profit triggers
Posted by dawnmitchell at 3/24/2013 4:06:00 PM
Friday, February 15, 2013
MI is Tax Deductible through 2013! MI Tax Deductibility passed as part of the American Taxpayer Relief Act of 2012. This allows MI to be tax deductible for 2012 and 2013.
Posted by dawnmitchell at 2/15/2013 3:22:00 PM
Thursday, January 24, 2013
More buyers and sellers return to the housing market. Home sales increase 6-7 percent while home prices increase 3-4 percent. Inventory reaches an all time low. Number of short sales and REO continues to drop. New construction peaks. Mortgage rates rise slightly by year's end from record lows. Lending remains constrained for home buyers. Home affordability remains at record high.
Posted by dawnmitchell at 1/24/2013 4:39:00 PM
Thursday, January 3, 2013
Mortgage Cancellation Relief is extended for one year to January 1, 2014!!!!
Posted by dawnmitchell at 1/3/2013 11:42:00 PM
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