Housing Recovery Picks Up, But Challenges Await.
The National Association of Realtors (NAR) has put together a list of the top 10 things consumers need to know about the new 3.8% Tax on capital gains which will start in tax year 2013. 1) When you add up all of your income from every possible source, and that total is less than … More Obamacare Tax to start in 2013 – Will you pay a tax on your real estate sale?
According to this Wall Street Journal article, a significant number of new buyers who are again entering the real estate market are those that were foreclosed on when the real estate market started its downturn back in 2006. Many of these buyers may again qualify for FHA mortgages having waited 3 years since their default. … More Introducing “The Boomerang Buyers”
The latest data from Realtor.com indicates that inventory is dropping as well as the length of time homes stay in the market. These are both good indicators of a rebound in the housing market. According to this Bloomberg article, demand for housing has begun to rebound as low interest rates and property prices 30% below … More Listings of Homes for Sale Drop as U.S. Housing Recovers