Monday, June 29, 2009
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Local Boise Sate nursing student, Tyson Summers, has been conducting radon testing in ten local homes around the Treasure Valley. In addition to this testing, he has created an informational blog w/downloadable brochure to inform the public on both the hazards of radon exposure, as well as detailed information on how to test your own home.
Please visit his blog at http://www.thehazardsofradon.blogspot.com/ for more information and to print the informative brochure.
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| Posted by Jenna Englund at 12:24 PM |
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Friday, February 06, 2009
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Home Buyer Tax Credit?s Price Tag: $35 Billion
Nick Timiraos reports:
Homebuilders are optimistic that Congress will add a $15,000 tax credit to the $900 billion stimulus package, and some builders are trying to take advantage of the offer by rolling out incentives of their own. Shea Homes? Trilogy division, which develops homes in California, Arizona and Florida for aging baby boomers, is already promoting a 3.875% fixed mortgage rate on new home purchases.
Senate Republicans added the buyer tax credit on Wednesday night, but the price tag of the measure, at $35 billion, is nearly double the $18.9 billion that was originally estimated.
The tax credit can only be used for primary residences and unlike the $7,500 tax credit passed last year, the money wouldn?t have to be repaid to the government. There?s also no income restriction on who can claim the credit. The credit is nonrefundable and can be claimed over two years, so buyers whose tax liability is less than $15,000 w...
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| Posted by Jenna Englund at 11:14 AM |
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Friday, January 30, 2009
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Now is a great time to buy a home. Skeptical? With unbelievably low home prices and mortgage rates, those sitting on the sidelines for the bottom to hit are missing deals of a lifetime that will never come again. And for a limited time?don?t miss out on the day-to-day deals available throughout the mortgage market.
Now is the best possible time for the home buyer (or for sellers to offer as promotion) permanent interest rate buy downs. Historically to buy down the rate of your mortgage permanently would cost on average a spread of 4 points for 1%, but right now the average spread on mortgage rates is about 2 points for 1%. These point to percentage spreads are changing every day, but the time has never been better.
What this means in simple terms is that if the purchase price of a house is $200,000, if the rate was bought at 1 point lower, it would save the buyer on average 10% on their monthly payment. That savings is incredible. If your monthly payment was $1,100 be...
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| Posted by Jenna Englund at 5:27 PM |
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