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Gregory Adkins Blog

Existing Home Sales Dip, but Post Best Winter in 5 Years

Posted by Gregory Adkins on March 21, 2012 in No Category
 U.S. previously occupied home sales dipped last month, but winters sales were the best in five years.   The National Association of Realtors said home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 4.59 million. That followed a revised 4.63 million sold in January — the highest level since May 2010. The last three months have been the best for winter sales in five years. The progress is encouraging ahead of th... read more
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Seniors, Young Adults to Have Big Impact on Housing

Posted by Gregory Adkins on March 14, 2012 in No Category
Aging baby boomers and their echo boomer children will significantly impact trends in the nation's housing market over the next 20 years. In a new report released by the Bipartisan Policy Center, "Demographic Challenges and Opportunities for U.S. Housing Markets," researchers at the National Association of Realtors(R), The Urban Institute, and the University of Southern California analyze key demographic trends and their likely influence on housing and homeownership in the U.S. Over the next two decades,... read more
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 Last week brought bad news for wealthy unmarried couples who own homes together. The U.S. Tax Court held that the $1.1 million limit on the mortgage interest deduction must be applied per residence, not per taxpayer, even where the co-owners are unmarried and file separate tax returns. Home mortgage interest for a loan or loans totaling $1 million is deductible as an itemized deduction. Interest on a home equity loan -- for a primary or second home -- of up to $100,000 is also deductible. Thus, you can... read more
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Coldwell Banker Real Estate survey: Sellers more flexible

Agents say kitchens, open floor plans among priorities for buyers
Posted by Gregory Adkins on March 09, 2012 in No Category
 A Coldwell Banker Real Estate survey of more than 600 of the company's real estate agents across the U.S. shows that, according to a slight majority of the agents polled (51 percent), home sellers are more willing to lower their asking prices to increase the chance of a sale than they were last year. Home sellers are also more willing to reconfigure their homes to facilitate a sale this year than they were last year, according to 45 percent of the survey respondents. The survey was conducted from Jan. 2... read more
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The most important real estate decisions are yours to make

Don't put your agent in charge
Posted by Gregory Adkins on March 07, 2012 in No Category
 Buying or selling a home can be rewarding, although often stressful. To ease the pain, assemble a group of professionals to help you get the job done. A good real estate agent can make the project a lot easier. Be sure to make your agent selection carefully. If you don't already have an agent with whom you've had a good prior experience, ask acquaintances who live in the area where you're buying or selling to recommend a well-respected, local agent. Rapport is a very important component of the agent sel... read more
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