Jeffrey Riegel's (jriegs) Blog

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Real Estate Agent - RE/MAX AllStars - SL 3252654
RECENT BLOG POSTS
The standard mileage rate for federal income taxes is rising next year for business use, even though gas prices have gone down. The IRS issued its 2015 optional standard mileage rates. Beginning Jan. 1, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 57.5 cent...
12/16/2014
Dec. 15, 2014 – Real estate pros hoping to use drones to capture aerial photos of their listings may have to wait a lot longer than previously thought. The Federal Aviation Administration has extended its original 2015 deadline to issue final rules for small commercial drones by two years. A fina...
12/16/2014
The discrepancy between appraisers' and homeowners' opinions of home values is narrowing. In November, appraisers valued homes 1.56 percent higher than homeowners, according to Quicken Loans' Home Price Perception Index. "Mortgage financing often hinges on whether the appraised value coincides wi...
12/16/2014
The Federal Housing Administration's (FHA) Office of Single Family Housing announced that a rule on property flipping will again be effective starting Jan. 1, 2015. FHA issued a temporary rule waiver after the recession, but that will soon expire. According to FHA, the rule prohibits the use of F...
12/12/2014
After dropping one level to become the nation's No. 2 state for foreclosures in October, Florida retook the No. 1 position last month, according to RealtyTrac's U.S. Foreclosure Market Report for November 2014. Even though Florida ranked first, however, its foreclosure problems are easing. The st...
12/12/2014
As builders quickly ramp up U.S. apartment construction to meet rising demand, vacancy rates are starting to rise. That could help limit rent increases in 2015, according to economists with the CoStar Group. The economists predict rent growth will slow to below 2 percent in 2015 as the multifamil...
12/11/2014
Millennials and Americans who survived the Great Recession by siphoning from savings accounts are the targets of a new program that allows first-time homebuyers to get a loan with as little as 3 percent down. The Federal Housing Finance Agency announced the mortgage guideline change Monday, hopin...
12/11/2014
Florida's housing market reported more closed sales, higher median prices and a rising inventory in October, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 21,894 last month, up 17.8 percent over the October 2013 figure. T...
12/08/2014
Existing-home sales are expected to be higher next year, and prices will remain at a healthier level of growth that benefits both buyers and sellers, according to an economic forecast during the 2014 Realtors® Conference & Expo. Director of the Federal Housing Finance Agency (FHFA) Mel Watt joine...
12/08/2014
U.S. long-term mortgage average rates fell for the fourth straight week, a continuing boon for potential homebuyers. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage declined to 3.89 percent this week from 3.97 percent last week. It is now at its lowest lev...
12/08/2014
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