Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Local real estate markets have felt surprisingly busy over the past month. November is usually when things start to slow down for the holiday season, but this year has seemed different. After a slow fall, business actually seems to be picking up recently. Are the markets really busier than normal for this time of year? The best way to investigate this question is to look at the number of contracts written by month. Let’s compare
We’ve had some frost. And we’ve had a dusting of snow. Although it’s not bone-chilling cold, most of us won’t be using the outside water spigots again until spring. Here at the Bergquist house that means it’s time to shut off the water. Water spigots are at risk of freeze damage over the winter because water sits in the pipes outside the main walls of the house. Even though the house itself probably does protect
The cover story of today’s real estate section features an article titled That Empty Feeling about the impact of vacant homes on a neighborhood. The wide-ranging piece provides a lot of interesting and important information about homes that are considered eyesores. A critical point in the overall thesis, and therefore a focal point of the article, is the example of a dilapidated property that actually hurts the value of neighboring homes. Unfortunately, a very poor
This afternoon the Federal Reserve announced the next phase of their strategy to stimulate the economy. Broadly referred to as Quantitative Easing 2, the plan involves printing a whole lot of money in order to buy long-term US Treasury Bonds in the markets. The Fed’s big picture goal is to reduce unemployment, and hopes that injecting more money into the economy will encourage businesses to begin taking risks to expand their operations (hire more workers),
Another federal tax credit is about to expire, though this one isn’t getting nearly the amount of publicity as the home buyer tax credit. The credit for Consumer Energy Efficiency is an effort to reward homeowners who make energy-related improvements on their property. Through the end of 2010, the government is offering a tax credit of 30% of costs up to $1,500 for small scale residential projects. The energystar.gov website gives a nice overview of