Owning a vacation home is a dream; understand the market more clearly by considering these nine key factors.1. Market outlook: Is inventory plentiful? Are prices trending up or down? Is an area losing its cachet, or is it heating up? Be sure to … [Read more...]
What the oil boom gave, the bust takes away
Wall Street flags fiscal health as concern There’s a visible reminder of the twists and turns of the oil business in South Texas — a new $22 million swim center just south of the Eagle Ford Shale oil patch that sits unopened.But things … [Read more...]
How to tap into the next big baby boomer wave
Baby Boomers are downsizing and freeing up inventoryMost Boomers believe they are 10-15 years younger than their parents and grandparents were at this stage of their lives.The majority of the 78 million boomers need to remodel their homes or will … [Read more...]
Income Tax Reminders for Owners of Vacation Homes
Do you own a vacation home near annual events where rents soar for short periods, like spring break? The IRS says you can rent out your home, pocket the rent checks, and sidestep taxes on the rental income.Just make sure to rent out your home or … [Read more...]
The Texas coast travel and tourism industry
David Teel, President and CEO of the Texas Travel Industry Association (TTIA). TTIA represents an array of travel and tourism-related business in our state, including hotels, airlines, attractions, campgrounds, convention and visitor bureaus, … [Read more...]
International Homebuyers Bring $11 Billion to Texas Economy
The annual National Association of Realtors’ (NAR) survey measuring the level of sales of U.S. residential real estate to foreigners shows that international clients bought an estimated $92.2 billion in residential real estate. That’s approximately 7 … [Read more...]
SpaceX Will Launch Their Rockets From the Texas Coast
T-minus 10 seconds and counting, 10-9-8-7-6-5-4-3-2-1, South Padre Island we have liftoff!That may be coming from a SpaceX command center in South Texas soon, as the company reportedly prepares to dump Florida for the Lone Star State for its … [Read more...]
Hunter bill to curb state insurance agency powers
Corpus Christi, TX, September 10, 2008 — James Alverez fills up extra tanks with gas in preparation for Hurricane Ike. (Photo credit: Wikipedia) By Gina Keating Texas Rep. Todd Hunter on Thursday said he will introduce legislation to sharply curb … [Read more...]
Tax Tips To Consider When Buying A Vacation Property
Those lucky enough to score a prime vacation rental on the Texas coast often consider the possibility of ownership. Cinnamon Shore Beach Home Life If you’re thinking of buying a vacation property, here are tax tips to consider:The Internal Revenue … [Read more...]
Business owners expect windfall after Schlitterbahn opens on Padre Island Corpus Christi
This will be a project that the island, the entire community, will be proud of said Jeff Henry Schlitterbahn.Attractions:Four “Master Blaster” uphill water coasters; Three children’s areas; A “Shoot The Chute” log ride, a first of its kind among … [Read more...]