IRS REBATE PAYMENT SCHEDULE

 

Stimulus Payment Schedule for Tax Returns Processed by April 15
Economic stimulus payments will be issued according to the last two-digits of the main filer’s Social Security number. People who use direct deposit also will be among the first to receive the payments starting April 28. The first cycle of paper checks will be mailed starting May 9 and continuing through May 16. DIRECT DEPOSIT    Last two SSN digits:  Payment will be transmitted by:  00 through 20  May 2  21 through 75  May 9  76 through 99  May 16         PAPER CHECK    Last two SSN digits:  Payments will be mailed by:  00 through 09  May 16  10 through 18  May 23  19 through 25  May 30  26 through 38  June 6  39 through 51  June 13  52 through 63  June 20  64 through 75  June 27  76 through 87  July 4  88 through 99  July 11               People who file a return after April 15 will receive their economic stimulus payment, but probably about two weeks later than the schedule shows. A return must be filed by October 15 in order to receive a stimulus payment this year. See the online calculator for an estimate of the amount you will receive.  A small percentage of tax returns will require additional time to process and to compute a stimulus payment amount. For these returns, stimulus payments may not be issued in accordance with the schedule above, even if the tax return was processed by April 15. Related Item: IR-2008-44, IRS Announces Economic Stimulus Payment Schedules, Provides Online Payment Calculator Return to Economic Stimulus Payment Information Center

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POSITIVE POINTS ABOUT REAL ESTATE

April 24, 2008 Issue No. 25

 

What are real estate professionals saying to homebuyers and sellers about current market conditions? The successful brokers and sales associates are talking about the strengths that exist in the market — not the negative media hype. Below are positive angles that appeared recently in the media and underscore why it is a good time to buy real estate.

 

Recent Quotes about the Positive Signs in the Real Estate Market:

 

Americans Optimistic about Homeownership – AOL/Zogby Poll

Americans still feel optimistic about homeownership, according to a recent survey from AOL Real Estate and Zogby International. More than half of the survey respondents said they believe homeownership is still attainable for most people. Continued messaging about the long-term investment value of a home is taking hold:

 

• 69 percent of those surveyed said they see real estate as a viable investment; 31 percent of participants said they feel their home is worth more today than it was a year ago, and 56 percent do not think their home will be worth less in five years.
  

 

• The “buyers market” message is taking hold as well. According to the survey, if Americans had to sell today, 50 percent would consider buying another home instead of waiting out the market and renting.
  

 

– “AOL/Zogby Survey: U.S. Trends on Home Values,” AOL Real Estate, April 21, 2008.

 

Positive Signs for Economy Provide Hope for the Housing Market

It’s undeniable that there are some glimmers out there that the underlying economy and financing marketplace, which after all are what support real estate activity, finally may be headed in a positive direction.

 

• The latest Conference Board “Index of Leading Indicators,” which is based on a broad survey of industry data and predicts economic activity three to six months down the road, registered its first increase in six months. The index suggests that there should be positive growth underway in the second half of the year, if not sooner.
  
  
• A new report from the National Bureau of Economic Research which found that industrial production in the U.S. showed an unexpected uptick in March.
  

– “Real Estate Outlook: Index Says Positive Growth Underway,” by Kenneth Harney, Realty Times, April 24, 2008.

 

OFHEO: Home Prices Rise 0.6% in February

U.S. home prices rose 0.6% in February from the prior month, the Office of Federal Housing Enterprise Oversight reported Tuesday. The OFHEO index is based on repeat sales of homes mortgaged through Fannie Mae and Freddie Mac. For February, prices rose a seasonally adjusted 2.2% in New England, and 0.3% in the Pacific region.

 

– “U.S. Feb. OFHEO Home Prices Rise 0.6%,” by Ruth Mantell, MarketWatch, April 22, 2008.

 

Home Affordability Provides Opportunity for First Time Homebuyers

• “The home affordability index is at a 58 month high and I think that first-time buyers have noticed this. … Thirty-nine percent of homebuyers now are first-time homebuyers.”
  
• “Interest rates are at historic lows, inventory levels make this a buyers market because there’s a lot more to choose from and prices are relatively flat across most of the country.”
  

 

– Jim Gillespie, president and CEO, Coldwell Banker, “Real Estate Realities – Interview with Jim Gillespie,” CNBC (video), April 22, 2008.

 

“I’m still a believer in the long-term viability of housing as a solid investment if you buy at the right price. This has me thinking that the current shakeout is in fact creating an interesting sweet spot for first-time homebuyers to at least start checking out the market.”

 

– Suzie Orman, author and TV host, “This Could be the Time to Buy a House,” Detroit Free Press, April 21, 2008.

 

It’s too early to talk of a trend, but lower house prices and mortgage rates are bringing buyers out of hibernation, at least in some markets. Provided sellers are prepared to cut prices, buyers are willing to bid, real estate agents say.
“I’m seeing a lot more young purchasers. The phones are ringing, multiple offers, more showings, just a lot more activity than we were having.”

 

– Lauralee Ensign, owner, Fairfield, Calif. real estate office, “Brokers Feel a Pulse in Home Market,”
by Lynn Adler, Reuters, April 16, 2008.

 

Regional Update: Good News from Markets around the Nation

 

San Francisco, Calif.

A market dynamics study for single-family dwellings and condominiums in San Francisco shows sale prices continue to climb. In March 2006, the median sale price was $780,000 and it jumped to $810,000 in March 2008. “There is a great deal of inventory in the marketplace, interest rates are low and, as this data clearly indicates, San Francisco continues to be one of the best performing areas in the entire country.”

 

– Chuck Colliver, president of the board of directors of the San Francisco Association of REALTORS^®, “Median Sale Price of San Francisco Single-Family Dwellings and Condominiums Continue to Rise,” Business Wire, April 22, 2008.

 

Brevard County, Fla.

New numbers from the University of Central Florida said Brevard County was getting hit harder than anywhere else in Central Florida by the housing slump, but things could be changing.
“It’s actually increased over the last couple months. I’m surprised that they’re still coming out with reports the housing market’s down. We are swamped.”

 

– Jason Bucci, a real estate agency sales manager, “Study: Brevard Housing Slump Worst in Central Florida,” News 13, April 21, 2008.

 

Spokane, Wash.

Fortunately for the local real estate market, the wintry weather has passed, and Spokane’s housing industry still enjoys a key benefit: The area’s diversified economy is in better shape than are many other parts of the nation. Forbes.com recently named Spokane the country’s ninth-best metro area for business and careers. “We’re bucking the trend that’s around the country.”

 

– Rob Higgins of the Spokane Association of Realtors, “Diversified Economy Helps Spokane Home Prices Hold Up,” USA Today, April 22, 2008.

 

Coldwell Banker’s Parent Company #1

NRT, our parent company, announced today that it was ranked as the No.1 residential real estate brokerage firm in the United States in the REAL Trends 500! This is the 11th consecutive year in which NRT has earned the top spot nationwide for both closed sales volume and closed transaction sides from REAL Trends. In 2007, NRT recorded $174.2 billion in closed sales volume and 326,323 transaction sides.*

Fields Ertel Corridor Project Public Meeting Notice – Wednesday, April 23, 2008 4-7PM

The Hamilton County and Warren County Engineers, in conjunction with the City of Sharonville, Deerfield Township, Symmes Township and Sycamore Township invite you to attend a Public Involvement Meeting for the study of Fields Ertel Road, between Reed Hartman Road and Wilkens Boulevard, to be held on Wednesday, April 23 at the Symmes Township Safety Building. The Safety Building is located at 8871 Weekly Lane, off Mason Road.

The meeting is to review analyses of the existing conditions within the corridor and review recommendations to improve traffic flow and safety within this heavily traveled urban corridor. Recommendations include the addition of a center left turn lane, wider shoulders, curbs, an enclosed storm water drainage system and re-grading the roadway profile to improve sight distance along the corridor. Recommendations address traffic flow and safety conditions within the corridor, including many of those pointed out in the public meeting last fall.

Improvements are recommended at many of the more congested intersections within corridor, including McCauley, Conrey, Snider and Reed Hartman. In several areas, alternative recommendations have been developed and will be available for review and input. Additional information about the scope of work, progress and how you can provide input can be obtained at www.fieldsertel.com.

Format:    The meeting will be held in an informal, open house format. No formal presentation will be made. Studies, findings and preliminary plans of the study will be on display for your review.

Time:     4:00PM–7:00PM Wednesday, April 23, 2008

Place:     Symmes Township Safety Center – 8871 Weekly Lane

Off Mason Road, between Fields Ertel and Montgomery Roads

Members of the project study team will be in attendance to answer your questions and discuss the recommendations made to date. We look forward to your comments.

If you have any questions, please contact Jon Wiley of KZF Design (Project Design Consultant) at 513-621-6211, or Tim Gilday at the Hamilton County Engineer’s office at 513-946-8914.

Sincerely,
Eric Anderson
Planner

655 Eden Park Drive.Cincinnati.OH.45202-6000
main 513.621.6211 fax 513.621.6530
eric.anderson@kzf.com
  KZF.COM

10 Brompton Lane – Green Hills Move Right In!

3 bed, 1 bath, finished LL, remodeled home that backs up to Winton Woods.

Decorated in neutral decor. Many upgrades; boiler, kitchen, family room, entry doors,

bathroom, glass block windows, 200amp electrical service & ceiling fan.

 

List Price $109,900!

TEAM KIEFFER CLOSES 83 SALES!

Team Kieffer has completed 83 sales/leases since joining Cold Well Banker West Shell in 2004. This breaks down to 55 residential listings, 1 land listing, and 4 multi-family listing SOLD. We have helped 20 residential buyers, 1 land buyer, 1 commercial buyer and 1 lease close their purchase. These sales were spread out in Hamilton, Butler, Warren and Clermont counties. Team Kieffer should easily surpass 100 sales during 2008. This will be a major milestone for the team and represents the wide variety and locations we can help clients find their real estate purchase.

5004 Ebersole – 4 unit Apartment Bldg – Smokin Hot Deal!

 

 

Listing #1119033 $50,000 (LP)	5004  Ebersole Ave,  Cincinnati, OH  45227     Active  (04/09/08)  DOM: 0
	Beds:	Baths: (FH)		Lot Sz: 0.101ac
	Area: E04	Age: 57

 

PC9414 Brick 4 unit, hardwood floors, all 2 bedrooms, separate heat & electric, garages. Cash flow! Offers subject to seller addendum and commission agreement attached.