No surprise: Americans overwhelmingly oppose any action by Congress to tamper with the mortgage interest deduction, according to a new nationwide survey of likely voters commissioned by the National Association of Home Builders (NAHB). Nearly 80 percent support retaining federal tax incentives to promote homeownership, which have been in the tax code since the introduction of federal income taxes in 1913.
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Archive for September, 2010
Voters warn: Don’t mess with the mortgage interest deduction
Tuesday, September 28th, 2010Signs of stabilization; challenges remain
Tuesday, September 28th, 2010The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the September edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard), a comprehensive report on the nation’s housing market.
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Existing-Home sales move up in August
Tuesday, September 28th, 2010Existing-home sales rose 7.6% to a seasonally adjusted annual rate of 4.13 million in August following a big correction in July, according to the National Association of Realtors®.
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36 Sierra Rosa Loop
Tuesday, September 28th, 2010
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Lovely 3 BR, 3 1/2 BA Las Campanas esidence with a dramatic living and dining room as well as a wonderful family room right off the large chef’s kitchen.
7 Tano Point Lane
Thursday, September 23rd, 2010
Amazing property on 9 +/- acres consisting of a gorgeous adobe main house, THREE guest houses, a studio space and a beautiful chapel. 360 degree views!
Where is the shadow inventory?
Thursday, September 23rd, 2010For the last year, the real estate industry has been talking about shadow inventory and the coming flood of distressed properties. Where are they?
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House bill would force lenders to decide on short sales in 45 days
Thursday, September 23rd, 2010Distressed homeowners looking for a way out of their mortgage that doesn’t involve foreclosure may find relief is on the way from a new bill introduced in the U.S. House.
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International buyers still buying in U.S.
Thursday, September 23rd, 2010International real estate purchases in the U.S. continue to account for a significant share of business according to thim 2010 NAR Profile of International Home Buying Activity.
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Higher Conforming Loan Limits Due to Expire
Thursday, September 23rd, 2010Unless Congress intervenes, the maximum amount the Federal Housing Administration as well as loans backed by Fannie Mae and Freddie Mac can back will return to $417,000 in most areas and $625,500 in a high-cost areas.
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Belief in American dream still alive
Thursday, September 23rd, 2010Many Americans do still maintain a core belief in the inherent value of owning a home. 72 percent of American adults still believe home ownership is part of their personal American dream.
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