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![]() As the US dollar weakened during the first quarters of this year in comparison to many foreign currencies, international real estate purchases remained widespread across the nation. The recently passed Housing and Economic Recovery Act of 2008 helps first-time homebuyers enter the housing market in a number of ways, like offering a tax credit of 10 percent of the cost of the home, not to exceed $7500. Builders are doing their part to stimulate activity at a time when sales activity is beginning to pick up pace. The Greater Toronto Area (GTA) resale housing market remained stable throughout the first half of this month, Toronto Real Estate Board President (TREB) Maureen O'Neill announced today. Investing reserve funds prudently produces enormous fruit to the homeowner association. The difference in interest yield over 30 years can amount to tens or hundreds of thousands of dollars. Interest earnings reduce the amount of contributions required of the HOA members. So, it behooves the board to establish and closely monitor a good reserve fund investment policy. Here is a sample which can be adapted to your use. The corporate-inspired announcement letters we send to our friends and family when we go into real estate. Are they really out best option? Columnist Jennifer Allan talks about why its important not to be predictable. Feel free to contact me if I can be of any service! | ||||
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