If anyone needs hard evidence that the real estate market cycle is flattening out and turning around, check out the latest pending home sales index numbers.
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Real Estate Outlook: Pending Sales Jump
The two biggest sources of mortgages for American home buyers plan to raise their base fees to counter what they call continuing “adverse conditions” in the real estate market.
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Winners and Losers As Loan Fees Change
When buildings receive media attention, why do the architects who design them often go unmentioned?
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A Stunning Work of Art, but Who’s the Artist? You May Never Know.
Here’s a tax alert for real estate investors who use popular tax-free exchanges: The recently signed federal housing legislation contains a hidden zinger that could cost you thousands of dollars if you don’t plan around it.
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Investor Report: Hidden Tax Pitfall
Anyone in home real estate knows that the FHA program — once the ugly duckling of the mortgage market — has turned into one of the hottest sources of financing even in relatively high cost housing markets on the West and East coasts.
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Washington Report: Housing and Economic Reform Act
At the start of the year, James M. Weichert, president and founder of Weichert, Realtors, one of the nation’s largest privately held real estate companies, called upon Congress to take action to stimulate the …
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Weichert says Congress housing bill is needed to help real estate market
Jim Molloy sometimes has to explain to more transient friends that living as an adult in his childhood home isn’t weird at all. It’s nice.
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Making New Memories of Home
PARK CITY, Utah — With the developer forced into bankruptcy court, Hugh Smith worries about the $1 million he and a partner sunk into bare lots at Promontory, a half-built, sprawling residence club in a town saturated with second homes for the wealthy.
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Mortgage Crisis Reaches Resorts
Before Tysons Corner boomed and the CIA’s Langley headquarters was built, an ad for Broyhill McLean Estates urged folks to get in on a locale that was sure to escalate in value because of the coming “Chantilly airport” (Dulles, 1960) and “Circumferential Highway” (the Beltway, 1962).
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A Throwback To the McLean Before the Bustle
Q DEAR TIM: I need to deal with a leaking showerhead. At first I was just going to fix the leak, but my wife wants a new showerhead. Are they difficult to replace? Are there some tips you can share that will make it appear as if a master plumber did the job?
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Keep a Replacement Showerhead Watertight
An uncomfortably large proportion of my mail these days is from borrowers with serious payment problems. In most cases, I can’t help them. In a few cases, I try.
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From Delinquent to ‘Best Possible Outcome’
Deep in the nearly 700 pages of the new housing bill is a complicated change in the tax code that could affect substantial numbers of people who purchase second homes or investment real estate in the coming decade with an eye to occupying those homes as their main residence later.
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Tax Break on Capital Gains Narrows
For many real estate investors, it was the most profitable tax strategy around: Move into a rental property you own, use it as a principal residence for two years, and convert taxable capital gains into tax-free dollars when you sell or exchange.
Source:
Investor Report: Taxable Capital Gains
You may have to move to get away from the high cost of gasoline.
Credit:
Moving Away From Heavy Gasoline Use
The ink from President Bush’s signature on the 2008 housing bill was barely dry when the first critical backlashes began circulating in Washington.
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Washington Report: Backlash over Housing Bill
