Thursday, April 29, 2010

365 Things to do in Greenville 's - it's a great website

365 Things to do in Greenville 's #5: Show off your shag dancing skills, or just watch others cut a rug, at Rhythm on the River. Beach bands featured every Thursday night beginning at 7pm!Larkin's Rhythm on the River
www.rhythmontheriver.com
Larkin's Rhythm on the River is the Biggest, Best Beach Music Concert Series in the Country, let alone the Southeast. Featuring bands such as the Catalinas, the Tams, General Johnson and the Chairman of the Board... With Shrimp & Grits, Burgers and Carolina Hot Dogs... if your in Greenville this is ...

365 Things to do in Greenville 's #4: grab a friend on a nice spring day and head down to Falls Park. If you have time, squeeze in a garden tour. One of the prettiest places in the area!Falls Park, Greenville, SC
www.fallspark.com
The $4.5 million Liberty Bridge does more than span the Reedy River -- it serves as the focal point of Falls Park , showcasing man’s creativity alongside nature’s beauty. The bridge is 355-feet long, 12-feet wide, has a horizontal curve radius of 214-feet and 90-foot towers weighing 26 tons each.

Tuesday, April 27, 2010

Market Update from Tommy Stevenson KW Team Leader

For the week of April 26, 2010 – Vol. 8, Issue 17
Market Update
INFO THAT HITS US WHERE WE LIVE The week ended on the most dramatically impressive new home sales numbers in 47 years. March's 26.9% increase was the biggest monthly sales gain since 1963, taking us to a 411,000 annual rate! Supply dropped to 6.7 months, inventories fell to 228,000 and the median price went to $214,000, up 4.3% versus last year. Some put the sales surge to the soon-to-expire tax credit, but the facts remain that the economy IS recovering and homes ARE substantially more affordable!

The day before, March existing home sales came in UP 6.8% at a 5.35 million annual rate, UP 16.1% from a year ago, with all regions showing gains! The existing home median price went to $170,700, UP 0.4% from a year ago. These good numbers reversed a three-month slide and sent the supply of existing homes down to 8.0 months.

On April 22, the EPA's new lead paint renovation rules went into effect. These require contractors who are disturbing lead-based paint in homes built before 1978 to hire certified renovators working for a certified renovator firm using lead-safe work practices. Realtors need to advise sellers to use certified professionals to fix up a home and to make sure it's safe for buyers to move into a home that's been renovated. The real estate disclosure must include any tests for the presence of lead paint and any dust wipe testing done after lead paint's been disturbed. Property managers with pre-1978 homes must also hire certified renovators. Find more info at http://www.realtor.org/government_affairs/lead_paint_main. Or visit the EPA at http://www.epa.gov/lead/pubs/renovation.htm.
Review of Last Week
RALLY CAPS BACK ON... After the prior week's flat stock market performance due to the Goldman Sachs-SEC troubles at the end, this week saw investors resume their 13-month-long market rally. The Dow is now firmly in 11,000 territory, the S&P 500 passed the 1200 mark and the Nasdaq crossed over 2500.

First quarter corporate earnings certainly fueled the enthusiasm. Most of the 85 S&P 500 companies reporting beat both profit AND revenue expectations, meaning the good numbers weren't just from belt-tightening. Big stars included Amazon.com, American Express, Apple, Citigroup, IBM, McDonald's, Microsoft, SanDisk, Starbucks and UnitedHealth, all with nice Q1 earnings.

The Leading Economic Indicators (LEI) index registered its twelfth consecutive monthly gain, up 1.4% in March. The Producer Price Index (PPI) put wholesale inflation up 0.7% for March, but Core PPI, excluding volatile food and energy, was up only 0.1% for the month and 0.9% for the year. New weekly unemployment claims were down 24,000, while continuing claims dropped by 40,000. Excluding volatile transportation, Durable Goods orders were up 2.8% for the month and up 13.5% over a year ago.

For the week, the Dow ended UP 1.7%, to 11204.28; the S&P 500 was UP 2.1%, to 1217.28; while the Nasdaq went UP 2.0%, to 2530.15.

Last week's improved economic data, along with Greece's move away from disaster, hurt bond prices, which tend to benefit from weak economic developments. Investors were also looking ahead to the huge levels of supply on offer this week. The FNMA 30-year 4.5% bond we watch closed down 41 basis points for the week, at $100.09. As reported in Freddie Mac's weekly survey, national average mortgage rates stayed flat, still at historically low levels!
This Week’s Forecast
THE FED, THE Q1 GDP... The Fed meets again this week, announcing their FOMC Rate Decision on Wednesday. Even though the economy is picking up, virtually no one expects a rate hike, given Fed Chairman Ben Bernanke's recent pronouncements on Capital Hill. We'll have a new look at the economy with Advance Q1 GDP on Friday. The only housing news comes Tuesday, with February's Case-Shiller home price index. We'll also get Consumer Confidence on Tuesday and University of Michigan Consumer Confidence on Friday.
The Week’s Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.

Economic Calendar for the Week of April 26 – April 30
DateTime (ET)ReleaseForConsensusPriorImpact
Tu
Apr 2710:00Consumer ConfidenceApr53.752.5Moderate
W
Apr 2810:30Crude Inventories4/24NA1.89MModerate
W
Apr 2814:15FOMC Rate Decision4/280%–0.25%0%–0.25%HIGH
Th
Apr 2908:30Initial Unemployment Claims4/24440K456KModerate
Th
Apr 2908:30Continuing Unemployment Claims4/174.625M4.646MModerate
F
Apr 3008:30GDP–Adv.Q13.2%5.6%Moderate
F
Apr 3008:30GDP Chain Deflator–Adv.Q10.9%0.5%Moderate
F
Apr 3008:30Employment Cost Index Q10.5%0.5%HIGH
F
Apr 3009:45Chicago PMIApr59.858.8HIGH
F
Apr 3009:55Univ. of Michigan Consumer SentimentApr71.569.5Moderate

Federal Reserve Watch
Forecasting Federal Reserve policy changes in coming months Even though the economy is improving, the experts are taking Fed Chairman Bernanke at his word. To keep the recovery going, he wants to hold rates down as long as inflation remains in check -- and so far, so good on that front. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
Current Fed Funds Rate: 0%–0.25%
After FOMC meeting on:Consensus
Apr 280%–0.25%
Jun 230%–0.25%
Aug 100%–0.25%


Probability of change from current policy:
After FOMC meeting on:Consensus
Apr 28 <1%
Jun 23 6%
Aug 10 18%

Sunday, April 25, 2010

Another Attraction in Greenville - check out my website at www.victoriacottlegreenvillehomes.com

Greenville attractions are held at a number of venues throughout the city and are geared to entertain any interest that you may have, starting with beautiful Falls Park on the Reedy and the acclaimed Liberty Bridge, a 355 ft pedestrian walkway overlooking the historic waterfall in our vibrant downtown. Visit our museums, galleries, the Greenville Zoo and more. And throughout the Upcountry, there are more than 500 historic sites as well as the famous Blue Ridge Mountains with pristine lakes and forested trails. Who knows, Shoeless Joe Jackson may even show up at the ballpark or at a museum or two. Greenville also offers performing arts venues with a full calendar of plays and concerts throughout the year. The most difficult decision in planning your visit will be where to begin. Also find Greenville vacation packages, including lodging and attractions in one, and don't forget to get Greenville maps and directions before you leave!

Wednesday, April 21, 2010

Up for some Music ? - check out these possibilities

Music / Concert True Blues and Mystic Vibrations The Handlebar - 304 E Stone Ave - Greenville
Proceeds benefit Ovations: Music on a Mission.
April 24 : 7 p.m.

Music / Concert Spring Time Bluegrass Jamm Smileys Acoustic Cafe - 111 Augusta St. - Greenville
Billy Gillmore, Matt Puritan, and a host of Asheville Bluegrass jammmers.
April 22 : 6 p.m. - 11:30 p.m.

Music / Things To Do High Energy Dance Music La Montana - 200 N. Pleasantburg Drive Ste. D - Greenville
Top 40, hip-hop, electronic and high energy dance music every Friday featuring DJs WALDO & STYLEZ.
Fridays : 9 p.m.

Music / Performance Vinyl Night Horizon Records - 2-A W. Stone Ave. - Greenville
DJs playing vintage soul, funk, blues, rock, jazz, reggae, Latin and more.
Tuesdays : 7 p.m. (ends November 30)

Events / Concert Music on Main Denny's Plaza - Downtown Spartanburg - Spartanburg
Food and drinks will be available for purchase. Schedule of bands: April 1 EncoreApril 8 The King BeesApril 22 After AugustApril 29 OkraMay 6...
Thursdays : 6 p.m. - 9 p.m. (ends July 8)
Thursdays : 6 p.m. - 9 p.m. (July 22 through August 5)

Events / Concert Jazz on the Square Morgan Square - Downtown Spartanburg - Spartanburg
Beverages from Carriage House Wines will be available for purchase. Schedule of bands: April 2 Capital JazzApril 9 Jason DeCristofaro...
Fridays : 5:30 p.m. - 7:30 p.m. (ends May 28)

Events / Concert Music in the Woods Paris Mountain State Park - 2401 State Park Road - Greenville
Music is free, but admission to the park is $2.Schedule of music:4/24 O Mello Cello Tree w/Jenna Lindbo5/1 Niel Brooks5/8 The Dirty Audibles5/15 J....
Saturdays : 6 p.m. - 9 p.m. (April 24 through August 28)

Events / Concert Main Streets Fridays Hyatt Regency Hotel - 220 N. Main St. - Greenville
Shows take place on the Hyatt Plaza Deck. Drinks available for purchase.
Fridays : 5:30 p.m. - 9:30 p.m. (ends September 24)

Events / Concert Downtown Alive Piazza Bergamo Square - Downtown Greenville at the intersection of Main and Coffee streets - Greenville
Drinks available for purchase.
Thursdays : 5 p.m. - 8 p.m. (ends September 30)

Music / Concert Acoustic House Jam Smileys Acoustic Cafe - 111 Augusta St. - Greenville
Hosted by Eric Weiler of "The Dirty Audibles."
Saturdays : 7 p.m. - 9 p.m. (ends May 1)

Monday, April 19, 2010

MEDICARE TAX ON NET INVESTMENT INCOMEx

NAR Frequently Asked Questions Health Insurance Reform National Association of REALTORS® Government Affairs Division 500 New Jersey Avenue, NW, Washington DC, 20001 REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics


MEDICARE TAX ON NET INVESTMENT INCOME
Q. Is there a real estate “sales tax” or a transfer tax in the new health care bill?
A. No, there is neither a real estate “sales tax” nor a transfer tax in the bill.

Q. What new taxes are there in the health care bill that will impact property owners?
A. There is a new 3.8% Medicare tax for “High Income Filers,” defined as an individual who files a single return with Adjusted Gross Income (AGI) of more than $200,000 or a married couple with AGI of more than $250,000.

Q. When does the new 3.8% Medicare tax take effect?
A. The new Medicare tax will take effect January 1, 2013

Q. How is the new 3.8% Medicare tax calculated for high-income filers?
A. The new 3.8% Medicare tax is assessed only when the $200K/$250K AGI limits are exceeded. The net investment income that will be subject to tax is the LESSER of (1) net investment income OR(2) the excess of AGI over the $200K/$250K AGI limit.
Investment income includes: capital gains, rents, dividends, interest and business income earned by shareholders or partners not active in the business. Net investment income is investment income minus any allowable expense deductions.







Q. How will property owners be affected by this new tax?
A. Keeping in mind the income limitations above, real estate income that will be affected for high-income filers include:
o Sale of a primary residence: If the gain from the sale of the property is below $250,000 (individual)/$500,000 (couple) NO tax will have to be paid on the gain. The new Medicare tax would only apply to any gain realized over the $250K/$500K existing primary home exclusion that will bring the filers AGI over the $200K/$250K limits.

o Second Home/Investment property: The additional 3.8% tax will apply to the portion of the gain realized on the sale of a second home or investment property that will bring the filers AGI over the $200K/$250K limit.
o Rental Income: The portion of net rental income that exceeds the $200K/$250K AGI limits will be subject to the new 3.8% tax

Q. Will “High Income Filers” also see a reduction in the amount of Mortgage Interest they are allowed to deduct?
A. No, there was not a cap on itemized deductions included in the final health care bill.

For Sale: 4BR/2+1BA Single Family House in Spartanburg, SC, $255,000

For Sale: 4BR/2+1BA Single Family House in Spartanburg, SC, $255,000

365 Things to do in Greenville - Take your pick!!!!

221 North Ultra Lounge
221 N. Main Street
Greenville, SC 29601
Phone: 864 233-9202
www.221north.com

Greenville's only upscale ultra lounge and nightclub, 221 has the hottest crowds and the busiest dance floor every weekend. Dinner and drinks are served nightly, including outdoor dining on Main Street, and then the lights go down and the dance floor fills up. The VIP area above the dance floor and a large multi-use space make 221 ideal for private parties and special events!

Addy's Dutch Cafe & Restaurant
17 East Coffee Street
Greenville, SC 29601
Phone: 864 232-2339
http://www.addys.net


Addy’s, one of America’s few Dutch restaurants, specializes in Old World cuisine with a Dutch flair. For over 20 years, Addy’s has been a favorite spot for Europeans in the Greenville area because of its home-away-from-home feel. Theme nights such as mussel night and German night are especially popular, as are Wednesdays, when the menu features pan>>



American Legion War Museum
430 North Main Street
Greenville, SC 29601
Phone: 864 271-2000
www.americanlegion3warmuseum.com


The War Museum displays include history of former Army and Air Force bases in Greenville County, actual artifacts from The Revolutionary War, Civil War, Spanish/American War, WWI, WWII, Korean War, Vietnam, Persian Gulf, and Iraq.

Somthing you should know about Building Code sent to me

Fire Sprinklers

S.1057, which would stop the SC Building Code Council's fire sprinkler mandate for new residential construction, will be considered on the floor of the Senate this week. Unless the General Assembly acts, fire sprinklers will be required for all new residential construction starting January 1, 2011, adding significantly to the cost of housing. Take a minute to defend your business and your industry and have your voice heard before it is too late!
Please contact your Senator and urge him to vote for S.1057 that insures that the residential fire sprinklers will not be mandated in South Carolina in 2011. Keep the American Dream of homeownership alive for all South Carolinians.
Sincerely,
Cashion Drolet
Sr. VP of Government Affairs
SC REALTORS

Saturday, April 17, 2010

365 Things to do in Greenville 's

365 Things to do in Greenville 's #3: Check out one of the best brunches in the city at Soby's! French Toast is among the best we've ever had.

365 Things to do in Greenville 's #2: Sign up for 50% off coupons to the best of the city -> http://bit.ly/grn_deal

365 Things to do in Greenville 's #1: Take a quick road trip up 25 to see Campbell's Covered Bridge, one of the neatest relics around. Anyone been before?

Friday, April 16, 2010

Greenville Unemployment Down 10%

Greenville County’s unemployment rate also dropped to 10.3 percent in March from 10.9 percent the previous month. Greenville and Pickens County, also at 10.3 percent, had the lowest jobless rate in the 10-county Upstate. The highest was Union County at 19.2 percent.
“We are encouraged by the improvement we have seen over the past couple of months; however, the state’s economy remains fragile,” said Samuel R. Foster, interim executive director of the state Employment Security Commission. “We have a ways to go before we can feel confident that unemployment is on a path to sustained recovery.”
Statewide, Lexington County reported the lowest jobless rate at 8.5 percent and Marion County the highest at 20.7 percent.
The commission estimated that the number of unemployed workers in the state decreased by 5,687 to 264,452. Also, the state’s labor force dropped slightly, down 980 to 2,173,260 in March.
Every major industry sector but manufacturing saw an increase in jobs as the non-farm job count increased by 15,900 positions. Manufacturing dropped 200 jobs while construction jobs were up 900 in March. Leisure and hospitality added 4,500 jobs, followed by retail trade with 3,700 new positions and professional and business services with 3,200 new jobs.

Tuesday, April 13, 2010

Don't miss the April 30th deadline for the Tax Credit.

Let me know if you'd like to view any real estate in Greenville or Upstate, South Carolina.

Don't forget you can always visit my website for up to date real estate listings.





Custom English Cottage--peaceful, private & serene.



If you'd like to view additional real estate listing in Greenville or Upstate, South Carolina visit my website www.victoriacottlegreenvillehomes.com

Thank you,

Victoria Cottle

Wednesday, April 7, 2010

In Miami Florida today

Today I am in Miami enjoying the 81 tempurature and the Florida Sun - absoluetly beautiful here. I was check ing out the Florida market - ofcourse I am from Florida - but just to make sure you get the memo - Greenville SC - You get MORE HOUSE FOR THE MONEY and the taxes and insurance are WAY LOWER!!!!!! If you thinking about relocating let me me know I can help you in a smooth move!

Thursday, April 1, 2010

My New Listing in Travelers Rest, South Carolina




Visit my website www.victoriacottlegreenvillehomes.com to view more Greenville and Upstate, South Carolina listings.

Thanks,
Victoria Cottle
Keller Williams Realty
victoriacottle@gmail.com