| 10 a.m. - Noon
Join Historic Columbia for a Garden Workshop and learn about southern garden perennials and southern garden design, execution and maintenance. Special guest David Poston, senior horticulturist at Moore Farms Botanical Garden in Lake City, S.C., will share some of his favorite garden perennials that thrive in warm, humid climates. In addition, Historic Columbia’s garden experts will be on-hand to share the ins and outs of show stopping perennials that are easily able to fit within your southern garden. More information here
The State Farmers Market campus in Columbia houses the Phillips Market Center, Consumer Protection Division, privately owned wholesale businesses, farmer’s sheds, The Market Restaurant, and additional state managed wholesale facilities and sheds. Consumers can shop year round for fresh produce, specialty products, and artisan items. The peak season for locally grown produce runs from April through early October.
Upcoming Promotions At Spirit Communications Park
Total Eclipse of the Park, Tim Tebow Bobbleheads highlight July & August datesBy Sam Hyman | July 13, 2017 12:51 PM ET
COLUMBIA, S.C. - The second half of the season is in full swing and the Fireflies have a tremendous amount of excitement for fans in the weeks ahead at Spirit Communications Park. Theme nights will continue to highlight every home Saturday game for the rest of the season; other special promotions are on tap as well -- including the Total Eclipse of the Park on August 21.
Fans can come to the Box Office at Spirit Communications Park, call the Fireflies Ticket Office at (803) 726-HITS, or visit FirefliesTickets.com for tickets and information.
heme nights ahead:
July 15 - Mason's Birthday Bash
July 29 - 70s Night - Staff will be dressed up in 70s attire and fans will be digging on some Disco tunes. As always, fans are encouraged to join the fun.
August 12 - Cartoon Night - Staff will be dressed up in costume as cartoons and fans are encouraged to join.
August 19 - NASA Night - In honor of Total Eclipse Weekend the Fireflies are celebrating all things NASA!
Numerous special events, entertainment acts, and giveaways are also in store:
July 28 - ZOOperstars!
ZOOperstars! are a one of a kind, hilarious mascot inflatable entertainment show that fans of all ages love to watch.
August 21 - Total Eclipse of the Park
This is a once in a lifetime opportunity. On August 21, 2017, people in the Midlands will witness the sun disappear behind the moon and turn daylight into twilight. It's a special 1:05 p.m. first pitch at Spirit Communications Park and the game will feature a stoppage of play during totality of the eclipse. All fans will receive special eclipse glasses, presented by Bay Equity Home Loans & The Jeff Riley Team.
August 30 - Tim Tebow Bobblehead giveaway
The first 2,000 fans who enter the ballpark on August 30th will receive a Tim Tebow bobblehead, presented by Bojangles'.
August 31 - FINAL HOME GAME (with fireworks)
In addition, daily specials will continue to be on display for the rest of the season:
$2 Tuesdays - $2 hot dogs, popcorn, and fountain sodas
Wag-Along Wednesdays - Bring your dog with you (signed waiver required)
Budweiser Thirsty Thursdays - Half-priced draft beer and fountain sodas
Fridays - Blue Cross Blue Shield fun, fireworks, and more!
Sundays - Future Scholar 529 Splash Day and postgame player autographs
About the Columbia Fireflies
The Columbia Fireflies are the South Atlantic League affiliate of the New York Mets. Winners of Ballpark Digest's Best New Branding and Logo Award in 2016, the Fireflies play games across the southeast and mid-Atlantic regions, including against in-state rivals in Charleston and Greenville. The team partnered with the city of Columbia and Hughes Development to construct Spirit Communications Park, a multi-use outdoor sports and entertainment venue at the center of the BullStreet development. The Columbia Fireflies are owned by Hardball Capital, owners of the Fort Wayne TinCaps of the Midwest League and the Chattanooga Lookouts of the Southern League. For more information, visit ColumbiaFireflies.com , or follow the Fireflies on Twitter , Facebook and Instagram .
About Spirit Communications Park
Spirit Communications Park, the 2016 Ballpark Digest Ballpark of the Year, is a 365-day per year multi-use sports and entertainment venue located in the heart of downtown Columbia, SC. Spirit Communications Park is the home ballpark for the Columbia Fireflies, the South Atlantic League affiliate of the New York Mets. Designed for baseball, concerts, football, soccer and a host of other activities, the venue seats approximately 9,000 for sporting events and up to 15,000 for major outdoor concerts. With 16 luxury suites and a 7,000 square-foot Club Level Lounge, Spirit Communications Park can also host everything from business meetings to wedding receptions, and everything in between. The venue is open 365 days a year and serves as a public park with the wrap-around concourse representing 1/3 of a mile for walkers and joggers. For more information, visit www.SpiritCommunicationsPark.com
This information comes immediately after the new tax code became law. Some of the information may be revised as the analysis of the new law evolves.
When the tax code was originally being overhauled by the House and the Senate, there were three major proposals being considered that would have substantially impacted the residential real estate market:
Let’s look how the tax code has evolved from the original proposal, and decipher what impact experts believe it may have on the housing market.
1. Exclusion of gain on sale of a principal residence
Original Proposal: Owners would need to live in their house for at least 5 out of the last 8 years to claim this exemption. Under the former tax framework, a typical owner, who has lived in their house for at least 2 years out of the last 5 years, would pay nothing in capital gain taxes if they sell the house.
The New Tax Code: No change. The “at least 2 years out of the last 5 years” requirement is unchanged.
Impact on the Market: None.
2. Mortgage Interest Deduction
Original Proposal: Reduce the limit on the mortgage interest deduction (MID) amount from $1,000,000 to $500,000.
The New Tax Code: Reduces limit on deductible mortgage debt to $750,000 for new loans taken out after 12/14/17. Current loans up to $1 million are grandfathered.
Impact on the Market: Assuming a 20% down payment, this reduction in the MID will impact buyers that are purchasing a home between the prices of $938,000 and $1,250,000. Any home under the lower price is still covered and any home over the higher price was not covered under the former tax code either.
What does that mean to the market? Experts disagree. Calculated Risk ’s Bill McBride:
“I think the impact of reducing the MID from a maximum of $1 million in mortgage debt to $750 thousand in mortgage debt will have very little impact on the housing market.”
On the other hand, Capital Economics claims :
“The impact on expensive homes could be detrimental, with a limit on the mortgage interest deduction raising taxes for those that itemize.”
3. State and Local Taxes (SALT)
Original Proposal: The elimination of the state and local tax deduction (which includes property taxes).
The New Tax Code: Allows an itemized deduction of up to $10,000 for the total of state and local property taxes and income or sales taxes.
Impact on the Market: Most experts agree that higher taxed regions will be impacted as homeowners in those communities now have a cap on these deductions.
Calculated Risk ’s Bill McBride stated:
“SALT will have an impact on housing in some areas. Some people might choose to live in one state over another (if they have a choice), based on taxation. This could impact demand in certain states – especially for the middle and upper-middle class homeowners.”
Mark Zandi of Moody’s Analytics said:
“The impact on house prices is much greater for higher-priced homes, especially in parts of the country where incomes are higher and there are thus a disproportionate number of itemizers, and where homeowners have big mortgages and property tax bills.”
What will be the overall impact on the housing market?
For most of the country, the new tax code will not have a negative impact on the market. As Capital Economics reports:
“Given most households will see an overall tax cut, and potential buyers are likely to put that saving towards their home, we doubt it will have a significant detrimental impact on the housing market.”
There is also no doubt that some higher priced, higher taxed regions will be affected more than others. However, most experts agree that other portions of the tax code will favor the high-end buyer and seller, and this might mitigate many concerns. McBride explains:
“The corporate tax cuts (and other tax cuts) will mostly benefit the wealthy, and this will be a positive for high end real estate.”
What does this all mean to you?
To know for sure, you should sit with your accountant or financial planner and explore how all the aspects of the new code will impact your family.
Most families consider homeownership an essential part of the American Dream, and don’t purchase a home based solely on the tax advantages. The main reasons they buy a home are personal (they just got married, they are looking for a good place to raise children, they want to be near friends and family, they want to better enjoy their retirement, etc.). This will never change.
Looking at the new tax code, Mr. McBride’s opinion makes the most sense:
“There will be some negative impact based on SALT, but overall the impact of these policy changes on housing will be minimal.”
Try these 5 décor pieces that will make your home sophisticated and elegant
Want to know some of the easy décor tips to give your home a sober and elegant look? This article has got all the hacks for you. Learn some easy décor pieces that will make your home look sophisticated.
Mortgage interest rates, as reported by Freddie Mac , have increased over the last several weeks . Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.
This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must realize that current rates are still at historic lows.
Here is a chart showing the average mortgage interest rate over the last several decades:
The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that non-homeowners cite the main reason for not currently owning a home, as not being able to afford one.
This brings us to two major misconceptions that we want to address today.
1. Down Payment
NAR’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 39% of non-homeowners say they believe they need more than 20% for a down payment on a home purchase. In actuality, there are many loans written with a down payment of 3% or less.
Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.
2. FICO® Scores
An Ipson survey revealed that 62% of respondents believe they need excellent credit to buy a home, with 43% thinking a “good credit score” is over 780. In actuality, the average FICO® scores of approved conventional and FHA mortgages are much lower.
The average conventional loan closed in August had a credit score of 752, while FHA mortgages closed with a score of 683. The average across all loans closed in August was 724. The chart below shows the distribution of FICO® Scores for all loans approved in August.
If you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but are not sure if you are ‘able’ to, let’s sit down to help you understand your true options.