Homeowners: 7 Must Know Tax Advantages

Here are seven tax benefits for homeowners.

1. Homebuyer Tax Credit
2. Deductions for loan fees
3. Property tax deductions
4. The mortgage interest deduction
5. Home office expenses
6. The costs of selling your home
7. The gain on your home

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Where Do 2012 Presidential Candidates Stand on Housing Issues?

Where does your favorite candidate stand on housing issues? This Zillow post breaks it down. The graph, from Zillow:

Almost Final Redevelopment Plan for Willow Grove Naval Air Station

The final draft for the Redevelopment Plan for Willow Grove Naval Air Station is expected to be voted on March 21 and sent to the federal government for ultimate approval by March 31. Below are some highlights.

• 1,416 residential units on 176 acres
• Hatboro-Horsham School District’s will have 60 acres
• Delaware Valley Historical Aviation Association will have 14 acres
• Land for Bucks County Housing group

PennDOT and the Montgomery County need to figure out long-term road plans. For more information go to www.hlra.org.

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Temple Student Housing Ban Upheld in Yorktown Area

The Temple University student housing market can not develop (still) into the Yorktown Area, just south of Temple’s campus. On January 4th, Commonwealth Court upheld a 2010 Common Pleas decision that a special zoning ordinance requiring landlords to live with their student residents in Yorktown homes is constitutional. So if you don’t live in the house you can not rent to students. To read more…

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Carpenter Square: New Mixed-Use Real Estate Development in Philadelphia

Here’s some more real estate development news for one of Philadelphia’s hottest neighborhoods for real estate. A new mixed-use project at the corner of S 17th St and Washington Ave.

The development which is in the Graduate Hospital neighborhood will include:

• 11 townhouses
• six condominiums
• 2,000 square feet of commercial space
• 1,000 square feet of open space
• off-street parking

2012 US Housing Market: Low rates, but few people taking advantage of them to buy homes

Analyst predict that the 2012 US Housing Market will be similar to the 2011 US Housing Market: Low interest rates, but few people taking advantage of them to buy homes.

In this stagnate economy these historically low interest rates are not enough to have people buying homes again. People can't refi due to lack of equity and unemployment is high so there are fewer people qualifying for mortgages to buy homes. Right now what the stumbling housing market needs above anything else is stabilization. Stable interest rates, gas prices, more jobs and rest overseas are crucial to consumer confidence to the US housing's recovery.