Check out his article:
http://www.businessweek.com/lifestyle/content/jun2010/bw20100610_910703.htm?chan=autos_real+estate+–+lifestyle+subindex+page_real+estate+news
Archive for the ‘Uncategorized’ Category
Denver Is the Most Improved US Housing Market
Thursday, July 8th, 2010Denver is the “most improved U.S. housing market,” according to a new report from Bloomberg Businessweek.
Monday, June 14th, 2010Denver is the “most improved U.S. housing market,” according to a new report from Bloomberg Businessweek.
“In Denver, the economy and employment slowed just as other areas did during the recession, but things appear to be moving in the right direction this year,” the report says.
It says Denver-Aurora-Broomfield metro-area home prices increased 5.8 percent in the first quarter from the same period of 2009 as sales grew and distressed sales fell, based on data from CoreLogic of Santa Ana, Calif. And it cites research by Development Research Partners of Littleton forecasting a 5 percent boost in both home sales and prices in the Denver-area this year.
It also notes signs of the area’s reviving economy, including prospects of rising employment.
“An influx of renewable energy companies and the relocation of kidney care giant DaVita’s headquarters to Denver from California in 2009 are expected to create jobs,” Businessweek’s Venessa Wong wrote. “In fact, about one in 25 employers in the Denver-Aurora-Broomfield area plans to add jobs in the second quarter, according to the most recent Manpower Employment Outlook Survey.”
“We never went up as fast in terms of value, and we never came down as fast,” the report quotes Jim Nussbaum, a broker associate for Kentwood Real Estate in Greenwood Village, as saying. “Last year, [buyers] were like deer in headlights—they were afraid to move. When the stock market improved, they started to feel better.”
The report lists 20 other improved U.S. housing markets. “It’s not just Denver. Signs of life have emerged in areas around the country—signs that the worst may have passed,” the report says.
After Denver, the most-improved markets in the report are:
2. Boston.
3. St. Louis.
4. Pittsburgh.
5. San Jose, Calif.
6. San Francisco.
7. Washington.
8. Cincinnati.
9. Minneapolis-St. Paul.
10. Milwaukee.
Read more: Denver is ‘most improved’ U.S. housing market, Businessweek says – Denver Business Journal
Some Quick Tips for Homeowners to Save Money on Income Taxes and Utility Bills
Tuesday, May 25th, 2010Now that the first time homebuyer tax credit has expired, here are some tips on how to got some other credits for your 2010 tax return:
-Check out federal tax credits. Through Dec. 31, 2010, homeowners can purchase products that qualify as contributing to energy efficiency improvements and receive a 30 percent federal tax credit, which in most cases reimburses homeowners up to $1,500 for the cost of materials. Energy efficient products for homes, including heating, ventilating and air conditioning (HVAC) systems, insulation, roofing materials, water heaters and windows and doors qualify for tax credits. Homeowners who received the full $1,500 energy efficiency tax credit in 2009 aren’t eligible for the refund in 2010.
-Track your qualifying purchases. Applying for federal energy tax credits is simple. For qualifying products purchased this year, homeowners will apply for the tax credit on their 2010 IRS Form (5695). Save receipts from product purchases and the Manufacturer’s Certification Statement, a signed statement from the product manufacturer certifying that the product qualifies for the tax credit. These certificates should be available through the manufacturer’s Web site and are only to be kept for the homeowner’s records.
-Go local for more financial benefits. Additional incentives for making energy efficiency improvements are also available from state and local governments and utilities. The Department of Energy developed a database of state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency. Through the Database of State Incentives for Renewables & Efficiency (DSIRE), homeowners can click on their state and access information on grants, financing options and local rebate programs.
-Start saving today. In addition to tax incentives, homeowners can reduce their home’s heating and cooling costs by as much as 20 percent through proper insulation and air sealing techniques, according to the U.S. Environmental Protection Agency (EPA). Homeowners can estimate the current efficiency of their home by using an online energy efficiency assessment tool, such as the Home Energy Analysis test available at JMHomeowner.com. Online assessments are a quick and easy way to gauge the savings that could be realized through energy efficient home improvement projects.
-For more information on energy efficient home improvement projects that qualify for tax credits, visit: http://www.jmhomeowner.com/insulation/energytaxcredit.asp
Mortgage Rates Hit Low for 2010
Tuesday, May 25th, 2010Short article about mortgage interest rates hitting new low for the year and still falling!