Tag Archives: Mortgage Interest Deduction

Home builder confidence soars despite rising rates

“Today’s report is particularly encouraging in that it shows improvement in builder confidence across every region as well as solid gains in current sales conditions, traffic of prospective buyers and sales expectations for the next six months,” noted NAHB Chairman … Continue reading

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Why ‘Fiscal Cliff’ Deal Will Help the Housing Recovery

The housing market is on firmer ground today, as two major tax provisions survived the “fiscal cliff.” Congress did not touch the mortgage interest deduction, and it extended tax relief for one year on mortgage debt forgiveness. “An extension of … Continue reading

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Housing Recovery Depends on Slashing Mortgage Debt

(Read More: Mortgage Deduction Is Popular, but Few Claim It) “The prospect of being taxed on potentially tens or hundreds of thousands of dollars in additional income may motivate more distressed homeowners to forgo a short sale and allow the … Continue reading

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Pending Home Sales Surge to Five Year High

Buyers are coming back to the housing market in ever greater numbers, as an industry index measuring contracts to purchase existing homes surged 5.2 percent in October from September. The monthly gauge of pending home sales from the National Association … Continue reading

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New Home Sales Disappoint

After a slew of positive readings on the nation’s housing recovery, sales of newly built homes in October were a big disappointment. Despite the big public builders reporting big jumps in new orders and builder confidence positively leaping to the … Continue reading

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