Posts Tagged: "Real Estate News"

Unearned Net Investment Income Tax FAQ

Frequently Asked Questions about Health Insurance Reform’s New Medicare Tax on UNEARNED Net Investment Income.

Read More

Biggest Home Price Increase in 6 Yrs

CareLogic® reports that nationwide home prices, including distressed sales, increased ona year-to-year basis by 8.3% in December 2012 compared to December 2011. This represents the biggest increase since May 2006 and the 10th consecutive monthly increase in home prices nationally.

Read More

Housing Market 2013

CBS Moneywatch article predicts housing depression will persist through 2013; interest rates will stay low through 2013 and probably through 2014; short sales and loan modifications will continue to increase.

Read More

Mortgage Debt Relief Extended

The final act by the 112th Congress to avoid the fiscal cliff was a significant victory for homeowners. As a part of the legislation that cleared the US House of Representatives, Congress extended the cancellation of the mortgage debt relief provision for one year, through the end of 2013.

What does this mean?
If a lender forgives some portion of a homeowner’s mortgage in 2013, either as part of a short sale or foreclosure, or in a loan restructuring that reduces principal, the owner/seller will not be required to count that forgiven amount as income for tax purposes.

Why is it important?

  • Homeowners shouldn’t be forced to pay a tax on money they’ve already lost with cash they never received – and will never receive.
  • More than 20% of current homeowners with a mortgage are in a distressed financial situation and owe more on their homes than the current market value.
  • The housing market, while recovering, is still fragile enough that this tax relief is necessary to provide stability in the coming year.
Read More

Bend Housing Market: Smiles

The National Association of Home Builders added Bend, OR; Phoenix, AZ; Bowling Green, KY and Lubbock, TX to its ‘100 Housing Markets that will be improving in May 2012’ list.

Read More

Bend: Improving Housing Market

Bend’s housing market is on the mend, according to the folks who should know – the nation’s home builders – who on Monday added Bend to its list of improving markets.

Read More

Flood of foreclosures to hit market

Now that a settlement has been agreed upon by the big five banks, we will be seeing more foreclosures. Although a flood of foreclosures hitting the market has its downsides, it is good for buyers that are looking at bank owned properties hoping to find a “good deal”.

Read More

Record Low Mortgage Rates

The 15-year fixed rate hit yet another record and the 30 year fixed rate is just short of its own record low. Don’t pass up this great time to purchase a home.

Read More

Green Home Trends

This “Going Green” article on Zillow Blog covers everything from replacing your light bulbs to upgrading to a composting toilet. Although a composting toilet might seem a little extreme, you might find some other ideas that would work for you.

Read More

Short Sell To Avoid Foreclosure

Short Sale is a good option for struggling homeowners that are facing foreclosure. This MSN Real Estate article goes over some of the benefits.

Read More