Midtown Montgomery Real Estate Market Report for January 2014
Midtown Montgomery real estate sales statistics for January 2014, show the number of homes sold increased by 9% when compared to January 2013. The average sales price increased by 56% to $ 179,337 for the month. The median sales prices increased by 46%, and market times increased by 18 days from January 2013. The highest selling home price increased by 42%, and the lowest selling home price decreased by 28% from January 2013.
| Midtown Montgomery | Jan 2014 | Jan 2013 |
| Homes Sold | 23 | 21 |
| Average Selling Price | $ 179,337 | $ 78,478 |
| Median Selling Price | $ 110,000 | $ 59,000 |
| Days On The Market | 137 | 119 |
| Highest Selling Price | $ 640,000 | $ 369,000 |
| Lowest Selling Price | $ 6,500 | $ 9,000 |
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Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
If you financed 100% of the cost of a $250,000 home at 4.5% interest for 30 years, the payment would be $1,266.71 per month. If the mortgage rate went up to 5%, the payment would be $1,342.05. If the home increased 5% in value, the $262,250 loan at the lower 4.5% rate would have payments of $1,330.05.
Usually, when you take money out of an individual retirement account before you reach age 59 1/2, the IRS considers these premature distributions. In addition to owing any tax that might be due on the money, you'll face a 10 percent penalty charge on the amount. This is not the case, however, when you use the money to buy your first investment property. (Note: Technically, you don't have to be purchasing your very first home or building. You qualify under the tax rules as long as you, or your spouse, didn't own a principal residence at any time during the previous two years.) You can use up to $10,000 in IRA funds toward this purchase. If you're married, and you and your spouse are both first-time buyers, you can each pull from retirement accounts, giving you $20,000 to use.
An investment in a stock that doesn’t pay dividends, would need to be worth more than you paid for it to earn a profit. On the other hand, a stock that paid dividends could make the investor a profit even if it sold for the same price that he paid for it.
