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Archive for June 2010

Home Building Economic Information

Check out the latest from the respected Economists of the National Association of Home Builders. The Home Buyer Tax Credit Is Over, Now What? In the aftermath of the deadline for the home-buyer-tax-credit, which advanced a significant amount of housing demand into April, monthly housing indicators turned negative. Single-family starts fell 17% in May to…

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Best Time to Build a Home is Now

Mortgage Rates Hit an All-Time Low Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week, down from 4.75 percent a week ago, reports Freddie Mac. Do not expect these rates forever. Once the economy picks up rates will raise quickly. Build now to lock in these rates…

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HOW TO BUILD A CUSTOM HOME, Part 1: Why Build a Custom Home?

In this series, the professionals at the B.O.L.D. Company will take you through the process of building a custom home in the Greater Cincinnati – Northern Kentucky area. From plan and lot selection, to mortgage approval, to the actual construction, we’ll take you behind-the-scenes each week for an inside look at a different part of…

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How to Claim the Kentucky New Home Tax Credit

*The Kentucky New Home Tax Credit has been Extended. To qualify for this credit, home purchases must be concluded before January 1, 2011. *The Kentucky New Home Tax Credit is NONREFUNDABLE. This means that if your Kentucky tax liability is less than the $5,000 credit, then you will only receive a credit for the amount…

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Buy Now Before the Housing Shortage

Some experts are saying that the next big real estate problem could be a shortage of homes. Only 672,000 new homes were started in April. That’s less than half the number needed to meet the country’s average population growth. In the past, an average of more than 1.3 million households have been built each year,…

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Now is a Great Time to Buy a Home

Now is a great time to buy a home. Listen to Dr. David Crowe, chief economist of the NAHB explain why. Contact Mike Kegley at The BOLD Company, (859) 657-6700 for help with your particular circumstances.

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Costs of Owning Surprises Some Buyers

A small survey of first-time home buyers found that more than half of the families were surprised at how expensive it was to own a home, even though 88 percent believed they had done a good estimate of the costs. The study for BBVA Compass, a lender based in Alabama, concluded that most lenders don’t…

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Important Information on Maytag Dishwasher Recall

Maytag, Jenn-Air, Amana, Admiral, Crosley, Magic Chef, and Performa by Maytag Dishwasher Recall, 2010 WASHINGTON, D.C. – The U.S. Consumer Safety Commission and Health Canada, in cooperation with the firm named below, today announced a voluntary recall of the following products.Consumers should stop using products immediately unless otherwise instructed. Name of Product: Dishwashers Units: 1.7…

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Homeownership Tax Advantages

Buying a home is one of the smartest purchases you can ever make. One reason is that homeownership has many positive tax implications. The three most important sources of tax savings for home owners are the: deductions for mortgage interest deductions for real estate taxes capital gain exclusion for the sale of a principal residence…

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