Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.
Home buyers must be under contract by April 30, 2010, and close before July 1. House Democrats have expressed concern about the cost of the tax credit for the government, and allegations of abuse have resulted in an IRS probe of the program.
Source: Wall Street Journal, Corey Boles and John D. McKinnon (10/29/09
Friday, October 30, 2009
There is no word on whether or not this is even a suspicious death.
Tuesday, October 27, 2009
The writing has been on the wall for the Buckeye Hall of Fame Cafe ever since they went into receivership back in March, but the future of the site may have been determined last night. City Council approved a 10-year tax break for a developer who is proposing to tear down the restaurant and build a six-story 134-room hotel in its place. The owners of the Hall of Fame have stated that they are looking for a new smaller space to relocate the restaurant to. Anyone have any ideas on where might be a good fit?
The Extended and Expanded Tax Credit will contain the following provisions:
Eligibility: ALL HOME BUYERS (Step-up buyers will have to have lived in their current home for SEVEN* years to be eligible)
Income Limits: $125,000 for single filers/$225,000 for joint filers
Time Frame: December 1, 2009 to April 30, 2010 plus 60 Day extension if binding contract is in place by April 30, 2010
*The 7 year ownership requirement is designed to lower the "score" or cost of the tax credit. This is still open to change. The Congressional Budget Office is going to "score" the cost of 3 year and 5 year requirements. We are continuing to push for step-up buyers to be required to be in their current home for three year period.
NAR (National Association of Realtors) will be monitoring the progress and any potential changes to the bill. NAR will send out a notice when the legislation is voted on tonight--regardless of how late into the night or early into the morning the debate continues.
This is a good first step. We need to see the version from the House of Representatives.
Monday, October 26, 2009
Columbus, Ohio (October 2009) – Real Living is currently featured as central Ohio’s “Best Residential Real Estate Agency” in the November issue of Columbus C.E.O. magazine’s “Best of Business 2009” section. Other “Best of Business” categories include everything from “Best Credit Union” to “Best HVAC Company”. Winners were determined by nominations from Columbus C.E.O. readers.
“We are so excited to receive such incredible recognition from a publication like Columbus C.E.O.,” said Chris Derrow, executive vice president of Real Living. “We work hard to maintain our leadership position in Central Ohio and we’re happy our customers recognize our efforts.”
Currently, Real Living’s market share is about 20% - one of every five real estate transactions in Central Ohio is completed by a Real Living HER agent.
About Real Living
With 2,200 associates and 100 offices coast to coast, Real Living offers a full suite of home and lifestyle services. Real Living was named one of the best new franchises by Entrepreneur magazine, winner of the Inman Innovator Award and the Most Promising New National Real Estate Brand by the Swanepoel TRENDS Report. For more information, visit RealLiving.com or my site, www.terrypenrod.com
Columbus home sales increase seen for the first time in over two years! Highest number of home sales seen in September in three years.
September 2009 Home Sales Statistics
Thursday, October 22, 2009
This is a note from DineOriginalsColumbus.com
Last month we launched the new and improved DineOriginalsColumbus.com. On the evening of Thursday, October 22nd, we will launch the next generation of our discount Gift Certificate software at the following address:
We'll have certificates for your favorite local restaurants available at discounts of 30% off.
Normally, our gift certificates go online early in the morning. We’re going to try something new this sale. The gift certificates will go online later in the day, sometime between 7pm and 8pm.
Local restaurants are a vital part of the community. Thanks for supporting Dine Originals Columbus and our city's best local restaurants. If you have any questions, feel free to contact email@example.com.
Follow @dineoriginals on Twitter
Monday, October 19, 2009
Effective immediately, Rosendale’s has closed up all three of their Short North restaurants at 793 North High Street: Rosendales Modern Bistro, Upstairs at Rosendales and Details. A press release issued tonight cited “a significant decline in weekly sales since Chef Rosendale’s departure” as their main reason for closing the businesses.
Wednesday, October 14, 2009
It provides a refundable tax credit - equal to up to ten percent of the purchase price of the home not exceeding $8,000 - for qualified buyers who have never owned a home or have not owned one in the past three years.
Sunday, October 11, 2009
Debate Over Homebuyer Tax Credit Heats Up
“I will end ‘don’t ask, don’t tell,’ ” Mr. Obama told an audience of nearly 3,000 people at a fund-raising dinner for the Human Rights Campaign, the nation’s largest gay advocacy group. “That is my commitment to you.”
Monday, October 5, 2009
Sunday, October 4, 2009
You've probably heard of Clintonville, German Village and the Short North.
How about Olde North Columbus?
The name usually elicits blank stares, but advocates hope that will soon change.
Yesterday, two arches were erected on N. High Street to mark the neighborhood -- between Ohio
"You see what (improvements) did for the Short North," said Tom Wildman, director of the Olde
The arches, which are to be lighted before Christmas with funding from the preservation society,
It was the site of a Civil War camp. Soldiers settled there, and a prosperous mill operated on