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10 Metros That Attract the Wealthy

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The suburbs have the highest concentration of wealthy people, more so than cities, according to new U.S. Census Bureau data. The wealthy tend to stay near major population centers, according to the study. For example, the region with the highest concentration of wealthy households in the nation is Bridgeport-Stamford-Norwalk, Conn., which is just north of New York City. Nearly 18 percent of residents there make more than $191,469 per year. In the nation, only 5 percent make that income. The following are the 10 metros with the highest concentration of […]

Featured Atlanta Gay Realtor: Rodney Hinote, Harry Norman Realtors

Buying a Home

Rodney is the #1 agent in the Midtown office of Harry Norman Realtors and has been a top producer for the past 10 years. Rodney and his partner are residents of the Midtown neighborhood and are actively involved in the community. Rodney is a graduate of Auburn University and was born and raised in south Alabama before moving to Atlanta after college in the early 1990’s. Rodney has lived in many neighborhoods in the Altanta area, and is able to share his expertise with his clients not only from a […]

Featured Kingsport Gay Realtor: Colby Hurd, Signature Properties

Buying a Home

Colby , Realtor & Signature Properties pledge to donate a portion of every commission earned to the charity of our client’s choice! Colby is an active member in the community & supports multiple GLBT Organizations & Efforts. Support an Agent that Supports you! Buying or Selling, Colby , Realtor & Signature Properties are there for you! Click here to search for a gay or lesbian real estate agent anywhere in the country. Professional/Personal Distinctions: Member National Association of Realtors Specialties: Residential, Commercial, Land, Multifamily, Bank Owned, Foreclosure, Short Sale, Buying […]

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Avoid These IRS Red Flags at Tax Time

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http://www.gayrealestate.com/ While passive loss rules severely restrict the ability to deduct rental property losses from other nonrental income, real estate professionals can claim an exemption.  However, the IRS will look more closely at their return as a result—particularly if the filer has full-time employment and claims to be a property professional as well.  The agency believes that most people with day jobs do not have the time to qualify as a real estate professional for tax purposes. Another way to bring on IRS heat is to claim use of a […]

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Obama Scorecard: Housing Recovery Strengthens

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The housing market recovery continues to grow stronger, but the economy remains “fragile,” according to the Obama administration’s latest Housing Scorecard for January. The Obama Administration’s Housing Scorecard is released monthly, providing a snapshot of the nation’s housing market. “The housing market has clearly bottomed out nationally and is turning a corner with new home construction increasing to a level not seen since June 2008 and home prices showing strong annual gains,” says Kurt Usowski, deputy assistant secretary for economic affairs with the U.S. Department of Housing and Urban Development. “But […]

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As Prices Rise, Home Owners Tap Into Equity

Buying a Home

As home prices are edging up, home equity lines of credit are on the rise again, CNBC reports. Originations of home equity lines of credit jumped 19 percent at the end of last year, according to Equifax. JPMorgan Chase says it’s seen a 31 percent increase year-over-year in HELOCs its originated. “Home prices are definitely a factor” in the recent rise home equity lines of credit, says Brad Blackwell, an executive with Wells Fargo Home Mortgage. “As they increase, people have more available equity.” Increased consumer confidence also may be […]

Featured Charlotte Gay Realtor: Gary McCoy, Keller Williams South Park

Buying a Home

Gary has 15 years of Customer Service Experience ready to put to use assisting you with your purchase or sale. Gary’s company Amazing Carolina Homes finds buyers their dream homes and get seller’s homes Seen and Sold! A native North Carolinian Gary has helped several members of the LGBT community find or sell a home. Gary recognizes that special concerns that members of our community deal with everyday, as has the experience and expertise to walk you through and real estate transaction. Contact Gary Today! Click here to search for […]

Featured Wilton Manors Gay Realtor: Michael Marvici, Castelli Real Estate Services

Buying a Home

I want you to be 100% satisfied, both with my service and with your new property! I will involve myself in your home search as much or as little as you like, and will communicate information to you on a schedule and in a fashion that suits you best. I’m proud to say that a high percentage of my business comes from past clients-from people who choose my services time and again. I don’t measure my success by sales, but by the relationships I build along the way. My goal […]

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Foreclosures Remain a Problem in Some States

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One in 53 mortgages were foreclosed on in 2012, according to the latest data from CoreLogic. While the number is still high, CoreLogic notes the numbers are quickly improving. Foreclosures dropped 21 percent in December 2012 compared to December 2011. In December, 56,000 foreclosures were completed compared to 71,000 a year prior. An average of 21,000 foreclosures completed in a month is considered more of a “normal” range, according to CoreLogic. Since September 2008, there have been about 4.1 million homes lost to foreclosure, according to CoreLogic data. Foreclosure inventories […]

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Brokerage Reveals Offer Status on Online Listings

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Redfin, a Seattle-based brokerage, announced it will begin display “Offer Insights” with home-search results of listings from its buyer’s agents. The new program will include the status of the property, whether an offer has been accepted or not, and if it’s a multiple-offer situation. It will include an approximate offer-to-list ratio, and it will also note the number of competing offers. Redfin buyers’ down payment size will also be noted as a range. Following closing, the offer-to-list price will be the exact number — no longer an approximate number. Downpayment […]

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