Ten free flowering trees will be given to Delaware residents who become members of the Arbor Day Foundation in January. This is part of the non-profit foundation’s TREES FOR AMERICA campaign. The flowering trees include: two white dogwoods, two crabapples, two Washington hawthorns, two American redbuds & two golden rain trees. New members will also [...]
Read Full Post | Make a Comment ( None so far )Though the news is rife with doom and gloom reports about the economy, The Debbie Reed Team has recently seen improvements in its corner of the real estate market, as well as attractive opportunities for the savvy investor with a plan. Recently, Thomas McGlone of Wachovia Financial introduced the team to an innovative investment-planning process [...]
Read Full Post | Make a Comment ( 48 so far )The government seized control of the nation’s two largest mortgage finance companies, Fannie Mae and Freddie Mac, on Sunday.
The bailout plan is similar to a government conservatorship as in a bankruptcy reorganization. The plan also reorganizes management of the companies. The rescue package is one of the most monumental interventions in private enterprise by the [...]
According to a recent article in THE WEEK, a news magazine sourcing US and international journalism, experts are in a quandry about whether to advise buyers (with money to invest) to jump back into the housing market now or later. The article quotes Brian Louis of Bloomberg saying that prices have dropped “an average [...]
Read Full Post | Make a Comment ( 85 so far )A recent article in REALTOR magazine discussed the use of improv as a tool for realtors who wanted to think more quickly and creatively “on their feet.” In my other life, when not doing the advertising for The Debbie Reed Team, I run Delaware Comedy Theatre, a local improv group. I was recently [...]
Read Full Post | Make a Comment ( 239 so far )James B. Lockhart III has been named the director of the new Federal Housing Finance Agency or FHFA. The agency was created this week, following President Bush’s signing of the extensive Housing Rescue Bill into law this week. Among his primary responsibilities will be regulating the troubled Fannie Mae and Freddie Mac. The agency will [...]
Read Full Post | Make a Comment ( 2,064 so far )President Bush signed the historic Housing Bill into law today. Though many have doubts that the bill will help a wide enough demographic of those hit by the mortgage crisis of this last year, it appears that lawmakers and the President came together for this partial measure to shore up some of the biggest leaks [...]
Read Full Post | Make a Comment ( 56 so far )The Senate recently cleared a sweeping Housing Bill, still awaiting signature by the President at this posting time. The legislation will attempt to remedy the home-foreclosure crisis and prevent further bleeding out of the government-sponsored mortgage entities Fannie Mae and Freddie Mac. The House passed the bill last Wednesday by a vote [...]
Read Full Post | Make a Comment ( 3 so far )I am constantly being asked, “What’s happening with the market?” In our Coastal Delaware market, the statistics are in. January through May, 2008, total units sold (condos and single family homes) are down 31% from last year, but the average sales price is only down 2%. On the other hand, inventory is [...]
Read Full Post | Make a Comment ( 1,088 so far )Before a home owner curses the troubled housing market, he or she should take solace in the U.S. tax code, which makes buying a home a good deal for almost everyone.Here’s why:
Mortgage interest deductions, including in some cases mortgage insurance premiums, reduce home owners’ tax liability by reducing income. The deduction includes interest paid on [...]
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