Altos: Critics Are Wrong About Where Housing Is Headed

In Pinellas County, specifically the beaches along the barrier islands from Clearwater Beach, St Pete Beach, the housing market is strong and prices continue to rise.

Altos: Critics Are Wrong About Where Housing Is Headed.

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Tax Reform Proposal Would Impact Every Single American

Tax Reform Proposal Would Dramatically Alter Housing Landscape.

The Hottest Home Design Trends for Spring 2014

Love these colors and the coastal inspired ideas. Read more….
http://blog.realestatebook.com/2014/02/17/the-hottest-home-design-trends-for-spring/

HAPPY MOTHERS DAY

I wish every mother in the world a happy day. Celebrate and enjoy the immense joy of being a mother. Celebrate!  Giving and receiving the unconditional love and bond that is unique between a mother and her son or daughter is a very special privilege.

My heart goes out to those Mothers that have lost a child, and a special prayer is dedicated to all of you. At any age, under any circumstance, this has to be the greatest pain experienced by a human being. But somehow you find the strength to go on remembering and honoring your child, and that is admirable.

All of us Mothers make lots of sacrifices on a daily basis for our children and dedicate our lives to them. We do it gladly.

Mothers, Grandmothers, Great-grandmothers………….Thank you!!

St Pete Annual Shell Show

If you missed it yesterday be sure to stop by today at The Seminole Recreation Center for the 66th annual Shell show. Exibits and expert information. Amazing is the beauty that lives under the sea.

Fiscal Cliff – Impact on Real Estate

The U.S. House of Representatives voted 257-167 to pass the U.S. Senate’s plan to avert the ‘fiscal cliff.’ President Obama signed the bill into law. Congress agreed that current tax rates will stay the same for households that make less than $450,000 annually, and $400,000 annually for individual filers. This coupled with the fact that there will be no change to capital gains taxes, the National Association of REALTORS® (NAR) believes there will be no change financially for the vast majority of home buyers and sellers.

There are many facets that will affect each and every American’s pocket book, but we wanted to update you on a few key issues that affect the Real Estate market

  1. Congress excluded a capital gains tax increase for sale of a principle residence of up to $500,000 ($250,000 for individuals).
  2. The Mortgage Forgiveness Debt Relief Act of 2007 was extended. This provides relief to troubled borrowers when some portion of mortgage debt is forgiven. This averts the crisis many short sales were facing with the New Year.
  3. Congress extended deductions for mortgage insurance premiums, state property taxes, and local property taxes.
  4. The mortgage interest deduction was left untouched, continuing tax relief for homeowners.

Overall, this deal is seen as a positive for homeowners. For more information about the ‘fiscal cliff’ deal please click here. The folks at The National Association of Realtors  deserve recognition for their diligence in advocating our issues throughout this crucial process, but their work is not done. Not all aspects of the fiscal cliff have been dealt with, and come February Congress will be required to re-engage the issue to deal with the national debt ceiling and required federal budget cuts.

Source – PRO, Pinellas Realtor Organization

 

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Dryer Fires Peak in Winter

Fall and Winter are seasons of cooler temperatures, holiday parties – and dryer fires. Reports of clothes dryer fires is highest in the fall and winter months and peaks in January – the month in which ten percent of all dryer fires occurs.  An estimated 2,900 clothes dryer fires are reported to U.S. fire departments each year with a resultant $35 million in property damage.

According to fire department studies, failure to clean the vents (34 %)  was the leading factor contributing to the ignition of clothes dryer fires in residential buildings.  Dust, fiber, and lint (28%) and clothing (27%) were determined to be the items first ignited in the dryer fires.

While most of the lint is trapped by the dryer’s filter, lint is also carried through the vent system along with moist air. Lint is highly combustible and can accumulate in the dryer and dryer vent.  Accumulated lint leads to reduced  airflow and poses a potential fire hazard. Other blockages in dryer exhaust vents can occur if the vent is damaged, or if small birds or other animals build nests in the vent.

What can homeowners due to prevent these occurrences? First, consider using metal ducts (flexible or solid) as a way to vent, a dryer. Metal ducts are far safer because they don’t sag, reducing lint build-up and metal ducts may contain a fire if one starts.

No matter what type of duct is used, it should be cleaned regularly, and the dryer lint screen should be removed and cleaned after each load.

What are some signs that dryer vents may be blocked and needs attention? Clothes that are taking too long to dry. clothes that smell moldy after a dry cycle, and clothes (or dryer top) are very hot to the touch. If any of these signs are present, dryer venting needs to be examined and cleaned immediately.

Source: SEC Inspection Services