Posts Tagged ‘ obama ’

Real Estate 360 Live With Louis Cammarosano 10/22/12

On Monday October 22, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:37)

Louis and Ryan discuss the direction that the housing market would take if Obama were to be reelected or if  Romney becomes President. Louis thinks there will be not much of a difference and notes that real estate has not been a centerpiece of the Presidential campaign.

Louis notes that the government is not in the best position to “fix” the housing market or the economy.

Louis notes that access to increased credit leads to an ability to spend more which leads to higher prices.

Ryan and Louis discuss the impact of student loans on the housing market. Louis notes that young people’s inability to purchase homes puts down ward pressure on the housing market. Louis predicts that fewer people will go to physical campuses for their college education in the coming years but will receive their education online for less cost.

Louis also predicts that the student loan market will collapse just like the housing market did.

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Posted by: Louis Cammarosano on November 5th, 2012 under Louis Cammarosano on Real Estate Radio

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Real Estate 360 Live With Louis Cammarosano 10/15/12

On Monday October 15, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:37)

Ryan and Louis discuss the recent unemployment rate that dropped unexpectedly. Ryan and Louis discuss whether the unemployment number will impact the Presidential election results.Ryan and Louis discuss the impending “fiscal cliff”. Louis notes that some CEOs are writing to the employees urging them not to vote for Obama.

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Posted by: Louis Cammarosano on October 18th, 2012 under HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Home Buyer Tax Credit Extended and Expanded

Last Friday (November 6), President Obama signed legislation into law that both extended the existing $8,000 first time home buyer tax credit and added a new tax credit for some existing home buyers.

extension-ladder-home-tax-creditHere is a summary of the extended and expanded tax credits:

First time buyer tax credit:

This was extended to May 1, 2010:  A tax credit of 10% of the purchase price of a home, up to $8,000, may be claimed by first-time buyers for the purchase of a primary residence. As long as you are under a binding purchase contract by April 30, 2010 – and close on the transaction before July 1, you can probably claim the credit.

A first-time buyer is defined as someone who has not owned a home in the past three years.

Income limits were increased to $125,000 for singles, $225,000 for married couples filing jointly.

The purchase price of the home can not exceed $800,000.

Existing home owner credit:

If you have lived in your home for five consecutive years out of the last eight years and are buying another primary residence, you may qualify for a tax credit of 10% of the purchase price, up to a maximum of $6,500.

The May 1 / July first time limits apply to the existing buyer credit as well.

The $125,000 / $225,000 income limits and $800,000 max purchase price limits also apply.

The existing home owner credit became effective “on the date of enactment” – November 6.

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Posted by: Jay Thompson on November 10th, 2009 under Buying or Selling a Home, Financing, Mortgage and Home Loans

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Ecofriendly Real Estate Practices Minus The Greenwash

green-ecofriendlyPart of being “green” means making some thoughtful decisions.  As an EcoBroker, I find that clients often say they want to be green because they have a romanticized view of what this entails, aptly named greenwashing.

The reality is that they are usually not sure what it really means.  In many cases, they find that going GREEN can mean giving up some of their high style options.  As their Realtor, my job is to help them find the satisfaction in choosing the long term benefits of going GREEN.

My basic rules of ecofriendly real estate include:

  • Renovating an existing property is always greener than new construction (even if it is in a green community with an energy star rating).  Anytime new land is cleared, the environment and all the flora and fauna are decimated.
  • Local materials should be selected whenever possible.  Transporting building materials can add up to a huge carbon footprint.
  • Energy saving features should take priority in the budget.  Investing in a long term benefit of reduced energy consumption is good for the buyer and the planet.
  • Water conservation should be part of the landscaping plan.  Drought tolerant lawns and plant materials are also easier to care for.  Native plants are always a good option.  Placing plants in the optimal conditions will also reduce the need for watering.
  • Explore all tax credits, state and federal, to know the bottom line.  The Obama administration has implemented serious incentives for upgrading hvac, windows, and insulation and other energy saving products.
  • Find a lender who can provide a “green” mortgage product.  Many of these loans will permit a higher amount to be borrowed provided it will go toward energy saving improvements. Continue reading this post
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Posted by: Marie Scheuring on October 7th, 2009 under Green Real Estate

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