Summit County Real Estate News, Local Happenings & Home Care Tips | Breckenridge Associates Real Estate - Blog Archive: 2013 | Page #6

As the time to file income taxes approaches, we need to take a new look at the changing tax landscape for homeowners. The dynamic atmosphere in Washington, D.C. has a different effect each year on which tax breaks are proposed, rescinded, changed and extended for taxpayers who own a home.

Many of the tax benefits that homeowners enjoy, which were on the chopping block over the past few months, have been protected and extended through the 2013 tax season.

1. Mortgage Interest Deduction

The mortgage interest deduction has always been the most-beloved tax benefit of home buyers in the United States. New homeowners’ monthly mortgage payments are made up almost entirely by interest for the first few years. Their ability to deduct that interest can result in a…

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It might finally be time to come out of the basement.

Seven years after the housing market began to collapse, rising prices and thinner inventories are presenting new opportunities for home sellers. Some hot markets are even seeing multiple offers for the same property—a phenomenon rarely seen since the boom years—as buyers become more confident and seek to take advantage of today's near-record-low mortgage rates.

Nationally home prices climbed 8.3% in December from the same period a year earlier, according to CoreLogic. The increase was the largest since May 2006 and the 10th consecutive monthly gain. The CoreLogic figures include foreclosures and other distressed sales.


The gains are good news for would-be sellers who have been stranded on the…

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Thank you, Ron and Tom for all of your help putting on another great Breck Snowflake Challenge. Here are a few photos and the list of winners.
All 6 teams did an amazing job this year.

1st place: Your Move at The Photo Shop
2nd place: Breckenridge Grand Vacations at Breck Assoc
3rd place: Gravy Train North of the Gold Pan
4th place: Ready Paint Fire
First Place
Second Place
Third Place
Fourth Place
Ski Country Resorts

http://www.BreckenridgeAssociates.com

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Summit County is starting to see a gain in momentum with increased consumer confidence translating to more deals and less inventory. Things are definitely moving in the right direction.

And now for this month’s Top 5 real estate deals-there is something for every buyer!
1. Loma Verde
For those of you that want to build the perfect mountain retreat for you and your family, the Loma Verde subdivision just 5 minutes south of downtown Breckenridge offers 4 amazing lots starting at only $125,000. This subdivision offers easy National Forest access for hiking, biking and back country skiing as well as expansive views and all day sun. Each lot has a large building envelope with
pre-planned well and septic locations insuring the big views.

2. Panorama Alpine…

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There's lots on-tap in Breckenridge and Summit County this Summer. Check out this Summer's event calendar for events around the county.

 Please contact us to learn more about real estate in Breckenridge and Summit County, Colorado. 800.774.7970 or 970.453.2200. Click here for the latest news about Breckenridge Real Estate. http://www.BreckenridgeAssociates.com

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February 2013 saw an increase in the number of properties sold in most areas compared to the same time as 2012. In Breckenridge, 15 Single Family Homes, 1 Duplex, 14 Condos, and 1 Townhome sold. For Summit County, there were 44 Single Family Homes, 4 Duplexes, 35 Condos, and 7 Townhomes sold in the month of February.

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The annual Breckenridge Spring Fever festival is the biggest spring party in the Rocky Mountain region! The events in town and on the mountain are endless, from great skiing and riding, competitions, concerts, dining specials, kid’s events, beer festivals and more.

Here is some information on the various events taking place.

The Bud Light Concert Series takes place throughout weekends in April, and features big-name national acts on a specially-constructed stage at the Peak 8 base. The concert dates are April 6-7 and April 13-14. More information and performers will be announced soon! Keep an eye on Facebook and Twitter to be the first to know.
The Spring Fever Chili Cook-off brings the top chefs from Breckenridge Ski Resort to a face off in who can…

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The great thing about predictions is that, after some time has passed, it’s possible to see which ones were right, and which ones were not.

For several years, economists and housing analysts have predicted a housing bottom, but few forecasts at the beginning of 2012 foresaw the magnitude of the rebound that the housing sector enjoyed last year. Quarterly surveys by real estate website Zillow poll around 100 economists and other housing analysts on their predictions about where home prices are headed. So how did the specialists do last year?

Looking at the survey from December 2011 shows that around 42 panelists saw prices declining on a year-over-year basis in 2012. The other 52 said prices would either rise or remain flat in 2012. Panelists base their…

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