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Up Fun Facts Fix it or Not? Refinance? Tax Update Federal Tax Reform 1031 Exchange

 

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Interesting Articles

It is the intent of this web site to keep all our clients/customers current on the latest events that effect the real estate marketplace on Long Beach Island.  If there is a topic you would like to see discussed in more detail, just drop us an email and we will be happy to research your request.

Summary of Articles/Sections:

  • This Week on LBI - Our newest addition to LBIrealestateNews.com.  Keeps you up-to-date weekly with what is happening in the real estate market (newly listed properties, under contract and solds) and the latest issues affecting the Island.

  • New Federal Tax Reform - Information about The Presidential Advisory Panel on Federal Tax Reform.

  • 1031 Exchanges - A quick summary of how it works, what you need to do and some interesting facts to ponder about this wonderful tax break used extensively on Long Beach Island.

  • New Tax Laws in NJ - Ouch!, these hurt but you need to know about them.

  • MarkeTrends & 20 Year Sell Cycle for LBI - Our statistical reports about the general real estate market on LBI.

  • Refinance?  - Is it the right time for you to consider.  Look at our example and see if it will work for you.  Many those extra dollar can help you invest in the sands of LBI.

  • Fix it or Not? - Excerpt from an article in Remodeling Magazine (click link to magazine for entire article, this is a PDF file and may take awhile to download) showing comparison between type of renovation, average cost, resale value and cost recouped.

SNIPPETS    

One Hundred Years Ago. . . .In 1904, the value of Long Beach Island (all land and buildings) was $115,105.  This is according to today's tax assessor. 

According to National Association of Realtors (NAR) market research, the vacation and second home sector is experiencing incredible growth due to the Baby Boom generation.  Just in the last 5 years alone, sales in the resort market have increased by 25% to $50 billion per year.  The resort market is projected to grow to $150 billion by 2005, according to NAR market research.

Expectations for home sales have continued to rise with strong records projected for this year and historically high home sales in 2005, according to a forecast released today (11/5/04) by the National Association of Realtors.