Real Estate News
How To Finance a Second Home: Tricky, Little Complicated, But Not Imposible
Written by Candy Evans on October 3, 2011:
This may be a great time to BUY a second home, but are banks, who make it hard enough to finance your primary residence, cooperating? The answer is yes, if you have good credit and a hefty down payment. Read more.
Regional Spotlight: New England Housing Updates RISMEDIA, July 19, 2011: Massachusetts experienced a 10% increase in median home price in June, which ranks second only to Connecticut. Also, at just 80 days on market, homes in Massachusetts are selling faster than anywhere in New England.
Beat the Heat: Summertime Tax Moves By: KAREN HUBE
Here's to how to trim your tax bill when renting out the vacation home, traveling or hiring your kid.When you head off to the beach this summer, be sure to pack a calculator with the cooler: It's an excellent time to make some tax moves. Here are some fair-weather strategies for keeping Uncle Sam at bay. Rent Out the Retreat: Even if you're loath to give up your vacation home, you may have a change of heart when you consider how lenient tax rules are on rental income. As long as the lease term is less than 15 days per year, the IRS lets you pocket your rental income tax-free. Read more
Pending Sales up in June: WALTHAM, Mass. – July 7, 2011 – The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes and condominiums put under agreement in June went up for the second straight month compared to the same time in 2010. The last time there were consecutive months of annual increases was November and December of 2010. .. Read more...
Summer Bookings Signal Strong Upturn for Vineyard Economy: If the summer rental market is any indication of the Island economy, Vineyarders can expect a turn for the better this season. The early summer rental market is already up significantly over last year, with real estate agencies reporting increases between 17 and 30 per cent. Read more...
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