Builders Doing Their Part to Help Consumers Take Advantage of Tax Credits
The recently passed Housing and Economic Recovery Act of 2008 helps first-time homebuyers enter the housing market in a number of ways, like offering a tax credit of 10 percent of the cost of the home, not to exceed 7500. Builders are doing their part to stimulate activity at a time when sales activity is beginning to pick up pace.
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HOA Reserve Funds Investment Policy
Investing reserve funds prudently produces enormous fruit to the homeowner association. The difference in interest yield over 30 years can amount to tens or hundreds of thousands of dollars. Interest earnings reduce the amount of contributions required of the HOA members. So, it behooves the board to establish and closely monitor a good reserve fund investment policy. Here is a sample which can be adapted to your use.
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GTA Resale Housing Remains Stable in August
The Greater Toronto Area GTA resale housing market remained stable throughout the first half of this month, Toronto Real Estate Board President TREB Maureen ONeill announced today.
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