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Real Estate Advice : Jen Hudson’s Blog
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Archive for the 'Real Estate Advice' Category

What about interest rates and where are they going?

Jen Hudson -

“NOBODY CAN GO BACK AND START A NEW BEGINNING…BUT ANYONE CAN START TODAY AND MAKE A NEW ENDING.” Those words by the poet Maria Robinson should hold a special meaning - and warning - for anyone thinking about buying a home or refinancing, especially in light of the article by Former Fed Chairman Alan Greenspan […]

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Senate approves tax credit extension. Now, let’s hope the house does too!

Jen Hudson -

The Senate has approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.
The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. […]

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USDA Rural Housing Funding Update

Jen Hudson -

USDA Rural Housing Funding
On May 26, Department of Agriculture Secretary Tom Vilsack, authorized the issuance of Conditional Commitments for USDA’s Section 502 Single Family Housing Guaranteed Loan Program beginning immediately and continuing until $2.5 billion in loan limits is exhausted. The decision to increase the commitment authority will provide the guarantees needed to assist rural […]

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Housing Recovery Starts in 2011, Says Panel of Industry Experts.

Jen Hudson -

Housing Recovery Starts in 2011, Says Panel of Industry Experts.  05/21/2010 By: Carrie Bay
The housing recovery is just around the corner – at least that’s the consensus among a panel of 92 well-known industry economists and analysts.
The Madison, New Jersey-based analytics firm MacroMarkets LLC, founded by Robert Shiller, real estate sage and father of the […]

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Whoops! Mt. Vernon Developer fined $134k. Take Care of Your Streams.

Jen Hudson -

Mount Vernon real estate developer fined $134K
May 6, 2010 - The Puget Sound Business Journal
The Washington state Department of Ecology said it’s fined a Mount Vernon real estate developer $134,000 for destruction of a steelhead and salmon stream.
David Milne, according to the state, mismanaged a 40-acre construction site two years […]

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What is Congress doing Now? Increases in Mortgage Insurance will Hurt the Recovery.

Jen Hudson -

Remember on February 24, 2010 when Maxine Waters sparred with Ben Bernanke about how she felt increasing interest rates would hurt the consumer?

(Ok, their actually discussion was like watching people speaking different languages trying to get a point across to each other.. as the federal funds rate is not related to interest rates.. but I […]

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Did You Know? You might pay health care tax on your house sale.

Jen Hudson -

Did You Know?
For individuals making over $200,000 and couples making over $250,000, you may be subject to a new health care tax of 3.8% on your primary residence if you decide to sell it.  The new investment tax is thanks to the newly imposed health care bill.  If the proceeds on your sale top the […]

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Distressed Sales on the Rise Again.

Jen Hudson -

Distressed Sales Again on the Rise, Reaching 29% in January and Nearly 1 Million Distressed Sales During the Last Year

CoreLogic  released its first monthly report on distressed sales activity. The report below indicates
that distressed home sales – such as short sales and real estate owned (REO) sales – accounted for 29 percent of all sales in […]

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CAPITAL GAIN TAX INCREASES ARE COMING!

Jen Hudson -

The following article is courtesy Ken Tharp with Iowa Equity Exchange.  To read the entire article, please visit http://www.iowaequityexchange.com/Page.aspx/52.

Apr 9, 2010
Look out ahead, folks! The combination of two upcoming changes to federal capital gain taxes will have a tremendous impact on those of us who own land, invest in real estate, own stocks […]

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HUD Redefines “Foreclosed” to Include 60-Day Delinquencies

Jen Hudson -

04/02/2010 By: Carrie Bay
HUD’s got a big red editing pen in hand and is going to work on what we’ve all understood to be the traditional meaning of foreclosure. The federal agency announced Friday that it is changing how it defines foreclosed to include properties in default and abandoned to include homes with lingering code […]

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