Beautiful atrium ranch with wooded view

Beautiful atrium ranch with wooded view. - Classified Ad

Beautiful
atrium ranch with wooded view. This open floor plan encompasses 4
bedrooms, 3 baths and a finished basement. This neutrally painted
home is sure to provide a special backdrop for your decor. Relax in
the garden tub on the main floor master suite. Come see all the other
advantages offered, such as open airy floor plan, open staircase,
hardwood floors, bay windows, vaulted ceilings, pantry, breakfast
room, 42 inch cabinets, oversized 3 car heated garage, custom deck,
beautiful views, large stamped patio, lighted soffits with outlets,
lots of can lighting, crown molding and much more. Lot backs to
hundreds of acres of wooded common ground. Enjoy friendly neighbors
with low assessment fees. Just Minutes to Highway 55.

8116
Pheasant Dr, Barnhart, MO 63012

to
view call 314-974-6348

Laura
Ludwighttp://www.lauralei.net
314-503-1186
$195
Flat Fee MLS Listings
Lauralei Properties, LLC

This week in real estate

 

	Solid domestic consumer demand helped 3rd quarter GDP estimates to increase 1.5%. Strong economic news can lead to higher rates.

	As expected, the Fed did not raise policy rates at this month's FOMC meeting. However, the statement contained language making a hike in December possible.

	The four-week average for jobless claims is the lowest since 1973. A strong labor market helps strengthen the economy and could lead to higher rates.

	New home sales fell in September after two straight months of gains. However, the drop is seen as temporary, and demand for housing remains strong.

	In fact, the homeownership rate rose between July and September, the first rise after 7 quarterly declines. Buyers under 35 years old had the highest increase.

	First time homebuyers are depending less on gift funds for down payments. More young buyers are using personal savings for down payments and closing costs.

Big Housing Demand for first time home buyers

According to US News: One reason that single-family construction will grow in 2015 is the expected unlocking of housing demand among prospective first-time home buyers. The market share of first-timers for both new and existing home sales has been weak in the past few years. While first-time purchases typically make up about 30 percent of newly built home sales, industry surveys suggest that this share was less than 20 percent in 2014.  The signs suggest 2015 will be positive for housing, which in turn will generate benefits for the overall economy.

http://www.usnews.com/opinion/economic-intelligence/2015/01/14/housing-market-showing-signs-of-a-good-2015

Do you really own your home to get the 1st time homebuyer Tax Credit?

You might be surpised to learn that you might not - I received a call from a person today having trouble getting the first time homebuyer tax credit.  She got a trailer from a company that owns a Land Lease Community.  She was told that she was buying the trailer and leasing the land.

But as she read her paperwork to me, it became more and more obvious that she was leasing the trailer for 13 years at 14% interest, paying homeowner's insurance, taxes on the trailer and all maintenance.  At the end of the 13 years she could then purchase the trailer for $1. - but until then the deed is in the company name and she does not qualify for the first time homebuyer tax credit.  She does not in fact own the home!

All the paperwork has misleading jargon like "mortgage","mortgage interest", "mortgage principal" and loan.  When all the time it is a glorified lease purchase - but with the poor renter paying all the expenses.

A Land Lease Community is a  housing development in which homeowners lease the land under their homes from a landowner who often provides community infrastructure and amenities as well. The most common such communities are the modern equivalent of the mobile home park, in which owners of Manufactured Homes lease their Sites. Surveys indicate that more than one-third of manufactured homes are located in land lease communities.