Lundquist Real Estate Blog http://www.lundquistrealestate.com/blog Just another WordPress weblog Tue, 24 May 2011 20:23:56 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Don’t let congress make it tougher to buy a home!! http://www.lundquistrealestate.com/blog/?p=13 http://www.lundquistrealestate.com/blog/?p=13#comments Tue, 24 May 2011 20:23:56 +0000 admin http://www.lundquistrealestate.com/blog/?p=13 Congress is trying to pass legislation requiring a much higher down payment (20% of the purchase price) when a buyer is trying to purchase a home. If this legislation is passed, this would put home ownership out of the reach of most americans. According to the National Association of Realtors, it would take the average family 14 years to save up the down payment for a home if this is passed. Please contact your representatives at Congress and tell them NOT to support this bill!!

]]> http://www.lundquistrealestate.com/blog/?feed=rss2&p=13 0 MID – Mortgage Interest Deduction http://www.lundquistrealestate.com/blog/?p=10 http://www.lundquistrealestate.com/blog/?p=10#comments Tue, 12 Apr 2011 23:43:34 +0000 admin http://www.lundquistrealestate.com/blog/?p=10 Currently, homeowners can dudct the amount of mortgage interest they paid on loans of up to $1M. You may deduct this interest on your principal residence and one additional residence. The $1M limit is the combined debt allowed on two residences. The MID is also allowed on up to $100K of debt on home equity lines of credit. As a part of the budget talks taking place in congress, the proposal has been made to limit the value of the MID for high earning taxpayers by capping the amount of their MID to 28%. Those who earn below $250K won’t be affected.

However, this is not a good idea. Even though it may not seem to affect middle america initially, it can adversely affect the recovery of the real estate market. Also, their may be the chance that the cap on dedections for mortgage interest could be expanded to middle america. Please contact your elected officials and tell them not to support the limitation on this deduction for homeowners.

]]> http://www.lundquistrealestate.com/blog/?feed=rss2&p=10 0 Real Estate Values in Wabash Indiana http://www.lundquistrealestate.com/blog/?p=7 http://www.lundquistrealestate.com/blog/?p=7#comments Wed, 22 Oct 2008 21:47:35 +0000 admin http://www.lundquistrealestate.com/blog/?p=7 Real estate values in Wabash County Indiana have been relatively stable through this very difficult time in the real estate market. Sales volume is down about 20% thus far in 2008 which primarily due to the sub-prime market going away as a means for buyer financing. Check out our website at www.lundquistrealestate.com

]]> http://www.lundquistrealestate.com/blog/?feed=rss2&p=7 4