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Kansas Housing Market Stats – January 2018

Kansas Housing Market Stats – January 2018

Kansas Housing Market Stats – January 2018 FEBRUARY 21, 2018 BY HEATHER GRAY “Inventories continue to be tight as we start the new year,” said KAR president, Kathy Minden with Crown Realty in Paola. “The number of active listings at the end of January was the lowest recorded since statewide statistics began being compiled at the beginning […]

Why You Should Sell Your Home in 2018

Why You Should Sell Your Home in 2018

Housing markets should remain tight this year, but 2018 may be a great time to profit as a home seller. By Devon Thorsby, Staff Writer | Jan. 12, 2018 _________________________________________________________________________ If you haven’t given much thought to selling your home this year, you might want to think again. Real estate information company Trulia commissioned a survey of more than 2,000 U.S. adults, […]

Tax Benefits of Home Ownership

Tax Benefits of Home Ownership

Tax Benefits of Home Ownership U.S. taxpayers have enjoyed specific tax benefits for home ownership since personal income tax was introduced by the 16th amendment in 1913. While these benefits may not be the primary reason that motivates a person to buy a home, they are still tangible and not available to tenants. The exclusion […]

What a Difference 50 years Makes

What a Difference 50 years Makes

What a Difference 50 years Makes In 1966, a gallon of gas was $0.32 and today, it is $2.49. A dozen eggs were $0.60 but they’ve only doubled to $1.33. A gallon of milk was $0.99 and today, it costs $3.98. You could send a letter for five cents and now, it costs forty-seven cents. […]

Can 0.5% Really Equal 5%?

Can 0.5% Really Equal 5%?

Can 0.5% Really Equal 5%? Since the election, rates have started going up and it will have a direct effect on the cost of housing. There is a rule of thumb that a ½% change in interest is approximately equal to 5% change in price. As the interest rates go up, it will cost you […]

Time May Be Running Out

Time May Be Running Out

Time May Be Running Out During the Great Recession, some homeowners elected to rent their home rather than sell it for less than it was worth. IRS tax code allows for a temporary rental of a principal residence without losing the exclusion of capital gain based on some specific time limits. During the five year […]

How Long Do Families Stay in a Home?

The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average […]

Three Questions to Ask Before Buying Your Dream Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to […]

An Easy Way to Find the Perfect Real Estate Agent

There is a plethora of real estate information available today in the news and on the internet. It can be extremely confusing at times. If you are thinking of buying or selling, you need an agent who can help make sense of this rapidly evolving housing market. You need an agent who can help you […]