More homeowners are upgrading their homes' windows and installing their dream kitchens. For the second quarter in a row, the Remodeling Market Index has climbed. According to the National Association of Home Builders, the RMI has risen by a modest two points to 57. This is the highest the index has reached since the first quarter of 2004. The index measures the optimism of remodelers in regards to the current and future state of the remodeling market. A reading above 50 indicates that more remodelers believe home renovation activity is improving rather than declining.
Under regular tax rules, when a lender forgives a debt — that is, relieves the borrower from having to pay it back — the amount of the debt is taxable income to the borrower.
You've decided to sell your home. Congratulations! Here’s a checklist of things you need to do right now, before you list your home for sale.
When people think of buying or selling a home, they often associate springtime with sales. It's true that spring is the busiest time of the year for real estate, with a surge in homes entering the market, and more buyers emerging to begin a home search. But did you know that fall is the second busiest time of the year for home sales?
Using a good real estate agent to close on the right home should be a "no-brainer." There are many ways that real estate agents add value to the home buying process. And since all commissions are paid by the seller, home buyers should definitely take advantage of this resource. Here are just five reasons why using a real estate agent can enhance the home-buying process.