Sellers - are you waiting until Spring? Please read...

Great advice for sellers - why wait?


http://newsgeni.us/?em=lyons@lyonsteam.com&p=106122

www.LyonsTeam.com

Home Product "THEME PARK" opens in Houston

Houston takes home shopping to new levels!

http://www.housingzone.com/home-product-theme-park-opens-houston

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Home Sales Rise

Existing Home Sales Rise in October - great article supporting current home sales data.

http://rismedia.com/2012-11-25/existing-home-sales-rise-in-october-with-ongoing-price-and-equity-gains-2/

Contact They Lyons Team today for more information or assistance with any real estate needs!

www.LyonsTeam.com

Home Prices Rise

http://www.housingwire.com/news/spcase-shiller-home-prices-rise-09

Difficult to predict

Difficult to predict interest rates: 
http://www.housingwire.com/news/monday-morning-cup-coffee-interest-rates-could-bounce-more-job-gains

New Home Recovery Signs

Lots of signs point to a recovery in the construction industry. With help from a federal tax break, both Lennar Corp. and KB Home posted fourth-quarter profits - the first time since 2007 that either has been in the black. KB Home CEO Jeffrey Mezger said in a statement: "There are indications that housing market conditions may be stabilizing in some regions, reflecting, among other things, relatively high levels of affordability."Other signs that things are getting better:* Residential investment increased 18.9 percent in the third quarter on a seasonally adjusted basis compared with the second quarter, according to the U.S. Commerce Department's Bureau of Economic Analysis. It was the first increase in residential investment since the fourth quarter of 2005, the government said.* Both KB Home and Lennar are buying land.* As sales increase, both have reduced incentives they have been offering buyers.* Mezger says KB is increasing prices.

Property Tax Caps In the Hands of Voters

The voters are the only thing standing between taxpayers and permanent property tax protection in the Constitution. As required by law, the much lauded property tax caps have been passed by two separately elected General Assemblies after the Senate affirmatively voted 35-15 last week. The caps were originally passed in 2008. The question of putting the caps in the Constitution will now be up to voters on Nov. 2.
After receiving voter approval, it will be unconstitutional to levy property taxes greater than 1% of a homestead’s assessed value, 2% of farmland or rental property AV, or 3% of a business’ property without specific permission given by the voters via referendum.