Now that the dust has settled over that fiscal cliff, it’s time to look at the fallout. How has real estate been affected by H.R. 8 legislation signed into law by President Obama on January 2, and what will it mean for homeowners, buyers and sellers? Great News for Short Sales Short sales will… READ MORE
Very interesting data: Mortgage rates may be a function of free markets, but real estate taxes are a function of government. And, depending on where you live, your annual real estate tax bill could be high, low, or practically non-existent. Compiling data from the 2009 American Community Survey, the Tax Foundation, a non-partisan educational organization… READ MORE
Daily Real Estate News Tax Credit Can Be Used for Down Payment Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. Previously, most buyers… READ MORE
Today’s Real Estate News 2010: the year of no estate tax? Today’s Real Estate New Provided by Inman News Inherit property next year and save Ilyce Glink Inman News Several weeks ago, a reader read what seemed like conflicting advice in the same real estate section. In an answer to a reader, I wrote that… READ MORE