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One in Four Homeowners Dangerously Underinsured

For those of you who own your home, it’s likely your largest investment/asset.

 

That’s why I am so concerned that many of you may not be sufficiently protecting your home. According to data CoreLogic provided cnbc.com, about one in four homeowners has an insurance policy that would cover less than 80% of the value of rebuilding the home.

 

Being underinsured at all is crazy enough. But what you need to understand is that once your policy drops below 80% of the rebuild value,

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Deep Wall Colors That Feel Extra Cozy in Fall

A great paint color works year-round but can also take on different moods depending on what furnishings and accents are teamed with it. Here are six color choices, from moody charcoal and black to autumnal orange, that will make your home feel extra cozy this fall — and still work (with a tweak here and there) once spring has sprung.

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Southwest Waterfront Grand Opening – October 12th!

The redevelopment of the Wharf, led by PN Hoffman and Madison Marquette on behalf of the city’s Office of the Deputy Mayor of Planning and Economic Development, is one of the largest neighborhood-creation endeavors in DC — and the first phase is nearly complete.

Once the second phase of development concludes in 2021-2022, the 27 acres bound by the Washington Channel on the southwest and Maine Avenue to the northeast, between 6th and 11th Streets SW (map) will be practically unrecognizable to those who are long-time patrons of the country’s oldest continuously-operating fish market,  » Read more about: Southwest Waterfront Grand Opening – October 12th!  »

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Top 5 Tax Breaks For Homeowners

If you didn’t spend the weekend working on your taxes, chances are you are feverishly trying to finish them today. With that in mind, here are five tax breaks that homeowners can take advantage of.

 1. Mortgage Interest Deduction — The mortgage interest deduction is not only the most popular real estate tax break, but one of the more straightforward. In short, 100 percent of the interest that you pay on your home loan in a given year is tax deductible.

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The DC Neighborhoods with the Best Home Price Appreciation in 2016

In 2016, home prices rose in a number of DC neighborhoods. As the year comes to a close, UrbanTurf dug into the neighborhoods where median sales prices rose the most between the first eleven months of 2015 and the same period this year. We omitted neighborhoods with very low sales volume.

Here are the top 6:

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Inside a home in Shepherd Park

6. Shepherd Park

Shepherd Park is a DC neighborhood just to the east of 16th Street and north of Brightwood that has become popular with young families over the last fifteen years.  » Read more about: The DC Neighborhoods with the Best Home Price Appreciation in 2016  »

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2017 New Loan Amounts

If you haven’t heard by now I wanted to let you know loan amounts will be increasing for conventional and government financing effective Jan 1, 2017. As a standard Conventional and Government loan the new loan amounts will be as follows:

Units
Contiguous States, District of Columbia,
and Puerto Rico

1
$424,100

2
$543,000

3
$656,350

4
$815,650

As a Jumbo (or High Balance) Conventional and Government loan the new loan amounts will be:

Units
Contiguous States,

 » Read more about: 2017 New Loan Amounts  »

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