Monthly Archives: December 2012

2013 Is Looking Good For the Housing Market

All Signs Point To Continuing Recovery Lower inventory = higher prices US News reports that the “supply of homes for sale across the nation has fallen 43 percent,” allowing sellers to raise prices and causing bidding wars among buyers. With … Continue reading

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Why Your Mortgage Interest Deduction May Go Off the Cliff

Congress Contemplates Making Changes To Major Homeowner Benefit   Happy Centennial to mortgage interest deduction! Nearly 100 years ago, in 1913, Congress amended the Constitution to allow for the country’s first income tax — and agreed to make all interest payments … Continue reading

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Short Sales Are On The Rise

According to recent study by the online marketing company, RealtyTrac, short sales have been on the rise. These homeowners are motivated to sell in a short sale because the closing price is less than what they owe the bank. The … Continue reading

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Will Rising Home Prices Slow Recovery?

The Housing Market Can’t Win For Losing Home prices have been rising — the S&P/Case Shiller index showed an annual increase of 3.0 percent from last year; Phoenix, AZ showed a whopping 20 percent annual increase in average home prices. … Continue reading

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