For first-time home buyers, sticking to a budget is crucial. Though its tempting to splurge on a dream house, eager buyers need to remember that much more goes into a housing budget than a homes asking price. Buyers also need to consider mortgage payments, property taxes, maintenance costs and even optional projects such as renovations and landscaping.
Because budgeting and saving for the future are central components of home ownership, greenhorn buyers should examine a variety of home acquisition methods to see which one best fits their budget and goals.
One option that appeals to many buyers with pinched pockets is buying a home — foreclosed...
After walking through the first house they looked at, first-time home buyers Megan and David Stricker followed their Realtors urgent advice and made an offer.
She told us how fast things are selling and said if you like it, you need to make an offer, said Megan Stricker.
That turned out to be good advice. Several other potential buyers toured the home later that day and made offers of their own. If the Strickers had delayed, they would have lost the house.
When they bought it last November, their house had been on the market one day.
In our neighborhood, as soon as theyre put up for sale, theyre sold, said Megan Stricker.
Thats not unusual, said ReMax Realtor...
New data from the Office of State Revenue reveals that the number of First Home Owner Grants given to construction has exceeded the number of grants for existing homes. REIWA points out that this development may be contributing to the slow pace of the housing market.
WA, Australia (PRWEB) March 30, 2015
The Office of the State Revenue (OSR) has just released new data revealing more first time home buyers choosing to build rather than to buy established homes (http://www.news.com.au/finance/real-estate/negative-market-impact-of-perths-home-and-land-packages/story-fndbaln9-1227281691846). Real Estate Institute of Western Australia President, David Airey, says that while this...
The Iowa Finance Authority today announced that eligible first-time Iowa home buyers are eligible for a federal income tax break of up to $2,000 per year for the life of their mortgage. Approximately 400 Iowa home buyers are expected to benefit from the program, available through a network of lenders. The amount of the tax credit for the 2015 program is set at 50 percent of the mortgage interest paid, up to a maximum of $2,000 per year, for up to 30 years. The remaining mortgage interest may be taken as a deduction from taxable income if the home buyer itemizes. Eligibility for theTake Credit Programrequires home buyers to meet household income and purchase price limitations and meet the definition...
Laurie Roberts with UFCU joined us in studio to share tips for first time home buyers. UFCU is offering advice and information on how to qualify for a loan, what to expect from your REALTOR®, the benefits and pitfalls of purchasing a foreclosure, and the meaning behind all the mortgage terminology and costs. You can learn how to stop renting and enjoy all the financial and personal benefits of owning your piece of Austin. UFCU always has helpful ways to learn more and be in-the-know financially. You can attend UFCU’s First Time Home Buyers event on Wednesdsay, April 1st starting at 6:30pm at UFCU Plaza located at 8303 N MoPac Expy, Austin, TX 78759. You can always go to www.UFCU.org...
Human beings are quite good at microeconomics. Thats the economics asking how individual people and businesses behave. It studies why coffee shops price their beverages in the way they do. It considers the best way to get people to pay money into a trust box. It makes useful predictions about the various methods to incentivise employees. Microeconomics isnt perfect; but it is getting better as telling us about how the world really works. You can find out a lot more in Tim Harfords superlative book The Undercover Economist.
Conversely, human beings are quite bad at macroeconomics. Thats the economics asking how economies as a whole react to government policies and long-term factors....
Agricultural sector economics is running into trouble because of recent unseasonal rains as well as reduced policy support and soft global prices, says brokerage house Emkay Global Financial Services. The brokerage feels declining cash flows for the sector will have significant impact on rural themes including consumer goods, autos, agri inputs and PSU banks.
Prices of several items have fallen reflecting excess supplies, thereby exposing the farm sector to risk of declining cash flows. Additionally, decline in global prices of agriculture commodities will exert downward pressure on realization for farm sector in India, says the Emkay note, adding that the decline...
(Bloomberg) — Ben S. Bernanke is going on-line. The former
Federal Reserve chairman has completed a book on the financial
crisis, that will be published this fall, and is now launching a
blog, the Brookings Institution said on Monday.
“Now that I’m a civilian again, I can once more comment on
economic and financial issues without my words being put under
the microscope by Fed watchers,” Bernanke, 61, who left the
central bank Jan. 31, 2014, said in a statement.
The former Princeton University professor turned research
fellow and speaking-circuit fixture will blog his observations
Business economists are shrugging off a winter economic slowdown.
A poll of 50 professional forecasters by the National Association for Business Economics estimated a 3.1% advance for gross domestic product this year, which would be the best performance in a decade and a marked improvement from the 2.2% to 2.4% range of the prior three years.
Healthier consumer spending, housing investment and government spending growth are expected to make outsized contributions to the projected acceleration in overall economic activity, said John Silvia, chief economist of Wells Fargo and NABE president.
NABE released the survey, conducted Feb. 25-March 12, amid a string of weak real-time...
From Los Angeles to Washington, DC, politicians are debating and academics are analyzing pros and cons of an increase in the minimum wage.
The federal minimum wage is $7.25 per hour and it is $9 per hour in California. This is too low according to some. If you have a full-time, minimum wage job, you#x2019;ll earn $15,080 at the federal rate and $18,720 in California. That#x2019;s not enough, it is argued, for a family to live on. Indeed, working full time at the current minimum wage would mean your family falls below the poverty line which is currently at $24, 250.
Another argument that#x2019;s getting a lot of play right now is this: Many people who work at or near...