The Houston Association of REALTORS® (HAR) has announced, as you read here yesterday, that single family sales in February rose more than 2% compared to February 2015. Following is the latest press release from HAR. Homes priced between $150K and $500K performed best The Houston real estate market managed to resist most of the effects
Tag Archives: Home Buying
Unless you’re living in the 123-room Spelling Manor, you probably don’t have space to store massive amounts of tax and insurance paperwork, warranties, and repair receipts related to your home. But you’ll definitely want your paperwork at hand if you have to prove you deserved a tax deduction, file an insurance claim, or figure out if your busted oven is still under warranty.
My early analysis of available data from The Houston Association of REALTORS® (HAR) indicates that the number of single family homes sold in February was approximately 4,630 homes, a 2% increase from February 2015. This brings Year To Date to even with the first two months of 2015.
The points you paid when you signed a mortgage to buy your home may help cut your federal tax bill. With points, sometimes called loan origination points or discount points, you make an upfront payment to get a particular rate from the lender. Since mortgage interest is deductible, your points may be, too.
As you calculate your tax returns, be careful not to commit any of these nine home-related tax mistakes, which tax pros say are especially common and can cost you money or draw the IRS to your doorstep.
Article From BuyAndSell.HouseLogic.com By: Dona DeZube This is the first in a series of four articles about how your home can affect your Federal Income Taxes. Blogger’s note: The HUD-1 referenced below has been replaced be the Closing Disclosure. From mortgage interest to property tax deductions, here are the tax tips you need to get
HAR recently restated the December results showing 6,240 single family homes were sold. HAR does its best to estimate results in order to get an early report. In most cases the actual and the estimate are very close. In December, the estimate was far off. I suspect there will be additional adjustments and December will finally show sales over 6,300 homes.
Most potential home buyers are a smidge daunted by the fact that they’re about to agree to a hefty mortgage that they’ll be paying for the next few decades. The best way to relieve that anxiety is to be confident you’re purchasing the best home at a price you can afford with the most favorable financing. These seven steps will help you make smart decisions about your biggest purchase.
Article From BuyAndSell.HouseLogic.com By: G. M. Filisko A solid game plan can help you narrow your home buying search to find the best home for you. House hunting is just like any other shopping expedition. If you identify exactly what you want and do some research, you’ll zoom in on the home you want at
Those of you who pay close attention to the market will have noticed that HAR’s press release showed December performing much worse. The release indicated December single family home sales were 5,879 a 10% decline from December 2014. HAR uses estimates for their press release. I understand they will adjust the number of actual single family home sales to be slightly higher than I predicted in my posy January 13.