Mike McGlynn's Blog

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Real Estate Agent - The Gallery of Homes - 20220028

ARCHIVED BLOG POSTS

2016 

In 1966, a gallon of gas was $0.32 and today, it is $2.49. A dozen eggs were $0.60 but they’ve only doubled to $1.33. A gallon of milk was $0.99 and today, it costs $3.98. You could send a letter for five cents and now, it costs forty-seven cents. The average cost of a new car in 1966 was $3,500 ...
12/20/2016
Since the election, rates have started going up and it will have a direct effect on the cost of housing. There is a rule of thumb that a ½% change in interest is approximately equal to 5% change in price. As the interest rates go up, it will cost you more to live in the very same home or to keep ...
12/16/2016
During the Great Recession, some homeowners elected to rent their home rather than sell it for less than it was worth.IRS tax code allows for a temporary rental of a principal residence without losing the exclusion of capital gain based on some specific time limits. During the five year period en...
12/05/2016
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Mike McGlynn

The Luxxe Group by Gallery of Homes
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