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10 June 2018 | 2 replies
(https://www.irs.gov/pub/irs-pdf/i5695.pdf):"You may be able to take the credits if you made energy saving improvements to your home located in the United States... ...A home is where you lived in 2017 and can include a house, houseboat, mobile home, cooperative apartment, condominium, and a manufactured home... ...Your main home is generally the home where you live most of the time.
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11 June 2018 | 6 replies
(https://www.irs.gov/pub/irs-pdf/i5695.pdf):"You may be able to take the credits if you made energy saving improvements to your home located in the United States... ...A home is where you lived in 2017 and can include a house, houseboat, mobile home, cooperative apartment, condominium, and a manufactured home... ...Your main home is generally the home where you live most of the time.
7 November 2017 | 6 replies
I have also encountered some condominium complexes which indicate ventless dryers are required.They biggest problem we have encountered with ventless dryers is (re)educating tenants to think a little differently about how they do laundry.
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14 November 2017 | 0 replies
http://www.har.com/content/newsroom/Houston Real Estate Highlights in October Single-family home sales continued their post-Hurricane Harvey rebound as volume rose 7.5 percent year-over-year with 6,381 units sold;Single-family home sales remain 2.8 percent ahead of 2016’s year-to-date volume;Total property sales increased 6.6 percent with 7,614 units sold;Total dollar jumped 10.8 percent to $2.1 billion;The single-family home median price rose 3.9 percent to $226,491, which represents an October high;The single-family home average price increased 2.7 percent to $285,858, also the highest level for an October;Single-family homes months of inventory grew year-over-year to a 3.9-months supply, but is down from a 4.3-months pre-Harvey peak – the result of a surge in consumer demand for housing;Townhome/condominium sales rose 5.8 percent, with the average price down 1.1 percent to $195,393 and the median price down 3.1 percent to $153,000;Leases of single-family homes rose 13.6 percent with the average rent up 2.8 percent to $1,776;Volume of townhome/condominium leases jumped 34.8 percent with average rent up 2.9 percent to $1,533.HAR still encourages anyone who has housing available for temporary occupancy (up to 12 weeks) to please post it on our Harvey Temporary Housing page at www.har.com/temporaryhousing to provide housing to those in need.
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21 March 2018 | 8 replies
You have to do you due diligence on these condos because sometimes the harder thing to do is to actually get into the condominium to see the condo.
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14 March 2018 | 0 replies
https://www.har.com/content/newsroom/Highlights: Single-family home sales rose 5.3 percent year-over-year, with 5,260 units sold;Days on Market (DOM) for single-family homes decreased slightly from 67 days in February 2017 to 65 days this February;Total property sales increased 3.1 percent with 6,375 units sold;Total dollar volume climbed 4.5 percent to $1.7 billion;The single-family home median price rose 1.4 percent to $226,200, which represents a February high;The single-family home average price edged up 0.4 percent to a February high of $281,945;Single-family homes months of inventory shrank year-over-year from a 3.4-months supply to 3.2 months;Townhome/condominium sales fell 5.1 percent, with the average price up 2.0 percent to $210,887 and the median price up 4.6 percent to $170,000;Leases of single-family homes fell 11.5 percent with the average rent up 4.1 percent to $1,720;Volume of townhome/condominium leases dropped 11.5 percent with average rent up 2.2 percent to $1,515.
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27 March 2018 | 2 replies
It can also lead to abuse by tenants and neglect of properties by landlords, as there's no incentive to improve housing.If anyone doesn't know yet there's a major push for rent controls in cities across California and even at the state level (AB1506 trying to spread it to SFRs and condominiums).
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26 March 2018 | 1 reply
I am looking to buy a potential 2/2 condominium unit.
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29 March 2018 | 13 replies
Plan to presale 70% of 400 commercial condominium units prior to construction to gross $150MM, just like we did in the previous similar project.The only missing piece is to have a JV or investor willing to show prove of funds needed to process construction loan, around 25 to 30%.
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28 March 2018 | 1 reply
I am trying to do underwriting of a group of condominiums that are for sale.