Home owners who short sold their homes over the past 2 years will have tax protection for their mortgage debt relief – after the bill is passed by the Senate and the House: http://realtormag.realtor.org/daily-news/2014/04/03/nar-backed-mortgage-debt-relief-clears-committee
Continue reading →Foreclosure inventory is down 56% from last year, and fewer Maricopa county residents are late on their mortgages. In January there were 1013 foreclosures, about a 10th of the high tide in 2009: 10,099 in March of that year. Here’s the … Continue reading →
Here are a few good points from USA today that may apply to your filings: 6 Important Tax Tips ( and here is the URL since hyperlink isn’t working: http://www.usatoday.com/story/money/personalfinance/2014/03/02/irs-taxes-deduction-homeowner-mortgage-interest/5863865/?app_data=%7B%22pi%22%3A%2253186297fee4262d12000011%22%2C%22pt%22%3A%22wall%22 )
Continue reading →What’s going on with Phoenix Real Estate? Well, the market fluctuates, and the hot market we experienced the first half of 2013 is so last year. Stories of multiple offers are now rare. Listing price reductions to attract a buyer … Continue reading →
Here’s an interesting chart from The Cromford Report. It shows average price gains over the last 12 months, broken down within price ranges. For instance: homes that sold over the $3M mark dropped 19% in value. Those priced $350 to $400k … Continue reading →