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Columbus, OH

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What Is This Schedule M Thing?

02-08-10
Bernadine Hunter, MBA, SFR
Bernadine Hunter, MBA, SFR: Real Estate Agent in Columbus, OH
  • view my blog
  • Office: (614) 729-9000
  • Mobile: (614) 805-7793

With tax time rolling along, I find there are a lot of questions surfacing about the Schedule M, or Making Work Pay Credit. This is a new credit for 2009 which allows for a $400 or $800 credit if you have earned income on a W-2. The Making Work Play Credit can be claimed on Schedule M on your 1040 or 1040A tax return.

Money envelope

The credit is part of the American Recovery and Reinvestment Act of 2009, effective April 2009. It provides a maximum credit of up to $400 per single filers or $800 for working married couples. The credit is only available for individuals or couples that had earned income, which means they actually worked in 2009. Retirees and disabled will receive a $250 check but are not eligible for the Making Work Pay Credit, unless they received earned income in 2009. The form can be accessed on the IRS website at www.irs.gov/pub/irs-pdf/f1040sm.pdf.

Piggy Bank

The credit is 6.2% of your earned income and can be reduced if:

You're single and earned more than $75,000

You're married and have a combined income of more than $150,000

You are a government retiree and receive a credit

You received the $250 economic recovery payment for certain social security, SSI, railroad retirement, veteran's disability or pension benefits

Those individuals that received a pension and have questions should contact their plan administrator. A two page instruction sheet on completing the Schedule M can be obtained at www.irs.gov/pub/irs-pdf/i1040sm.pdf

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Columbus Ohio 43240 homes for sale

02-08-10
Maureen McCabe Central OH Homes
Maureen McCabe Central OH Homes : Real Estate Agent in Columbus, OH
  • view my blog
  • Office: (614) 825-8842
  • Secondary: (614) 388-8249

Columbus Ohio 43240 homes for sale brought to you by Maureen McCabe

columbus ohio 43240 homes for sale

This graph is only single family homes in the Columbus Ohio 43240 ZIP code, part of the Far Northwest Columbus Area... really far north, the Polaris area! This is December 2009. Yes January is over and I can tell you how many single family homes sold in the area (or how many have been reported... there is a lag time) but I can not make a graph of it yet. Maybe in a day or two. Possibley not until beginning of next week. Trendgraphix has been speedier in the last few months. I believe December results were available on January 10, 2010.

No sales in this month refers to January and April 2009.

The graph is just homes listed as single family homes. If you look at residential properties there is 13 months supply. Residential is single family and condominiums combined. If you look at properties in Columbus Ohio 43235 that are listed as condos there was/ is? 35 months supply based on December 2009 condo sales in the ZIP code.

Single family homes 1.5 months of inventory is a sellers market... 35 months supply would be considered a buyers market.

Columbus Ohio 43240 homes for sale - a market report

Homes for sale - 3
Homes sold in December 2009 - 2

Months of inventory based on current sales - 1.5

40& less homes for sale than a year ago
70% less months of inventory (based on closed Sales) in comparison to November 2008

Average list price $172,000
Average sale price $163,000

Columbus Ohio 43240 homes for sale - neighborhoods

Single family homes in Columbus Ohio 43240 for sale and sold in December 2009 were in the Village at Polaris Green and Prestwick Green.... now officially Village at Polaris Green are condominiums, free standing condos but all around time these are listed as single family homes, just to confuse everyone.

Columbus Ohio 43240 homes for sale - Search

Columbus Ohio 43240 home sales

December 2009 +100%

Average sale price $163,000

Median price $164,000

Data published January 2010 based on data available from the Columbus Board of REALTORS® at the end of December 2009. I just got around to doing the market report for the 43240 ZIP code in February 2010. TrendGraphix reports presented are based on data supplied by the Columbus Board of Realtors. According to Trendgraphix neither CBR nor their MLS (multiple listing service ) guarantee or are in anyway responsible for its accuracy. "Information deemed reliable but not guaranteed." Same goes for me! Only Real Living HER agents are authorized to use Trendgraphix in Central Ohio for real estate market news updates.

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Foreclosures in Columbus good news for buyers

02-04-10
Maureen McCabe Central OH Homes
Maureen McCabe Central OH Homes : Real Estate Agent in Columbus, OH
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  • Office: (614) 825-8842
  • Secondary: (614) 388-8249

Foreclosures in Columbus good news for buyers brought to you by Maureen McCabe Real Living HER

*Zillow.com did a white paper on Foreclosures Nationally... I shared Foreclosures sell at 72% of market price nationally which was a Re-Blog of Sara Bonert a Zillow employee's post, which came from the white paper.

What's the point? The study was to see if there two separate markets? Are foreclosed homes one market and the other homes a separate market? Or is it all the same market?

In the table on Sara's and thus on my Re-Blog of it, it shows the figures for various markets including Columbus.

Foreclosures in Columbus good news for buyers interested in pursuing foreclosures

It's good news for buyers who are interested in foreclosures in Columbus.

While the national figure is 72% of market price the Columbus figure is 62%. Columbus home buyers who are able and willing to buy a foreclosed home get a better deal than foreclosure buyers do nationally. Only 19% of the home sales in our market are foreclosures according to Zilllows stats. The markets with less foreclosures the foreclosed homes sold lower than the markets where there are the most foreclosures.

Buyers buying foreclosures get a better deal in Columbus.

Note Zillow is talking median price... and we seldom do in Central Ohio. We are so affordable we usually talk average price.

Search for Central Ohio homes

Search foreclosures

* The white paper has nothing to do with Zillow Zestimates. Don't let the Zestimates reputation for inaccuracy confuse you. Thanks!

More about the Central Ohio real estate market

Breaking News - December Columbus Home Sales - December 2009

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Clintonville Market Report January 2010

02-02-10
Joe Jackson
Joe Jackson: Real Estate Agent in Columbus, OH
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  • Office: (614) 888-1000 x322
  • Mobile: (614) 271-4263
  • Secondary: (614) 431-1220

16 homes sold in Clintonville in January, 2010, with an average sales price of $181,818. This compares with 14 that sold in January of 2009 with an average sales price of $167,464.

Days on market for January, 2010 averaged 74 days, while the average number of days on market was 110 for January, 2009.

13% more homes were sold in January of 2010 and the average price increased 8%.

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Central Ohio Market Report January 2010

02-02-10
Joe Jackson
Joe Jackson: Real Estate Agent in Columbus, OH
  • view my blog
  • Office: (614) 888-1000 x322
  • Mobile: (614) 271-4263
  • Secondary: (614) 431-1220

661 single family homes and condos sold in Franklin and Delaware counties in January, 2010. This compares with 704 that sold in January of 2009.

Average sales price for January, 2010 was $159,419, compared to $148,617 in January, 2009.

Days on market for January, 2010 averaged 93 days, while the average number of days on market was 97 for January, 2009.

15% less homes were sold in January 2010 and the average price was 8% higher.

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