Archives for January 2013

After a Decade of Boom and Bust, Do We Bounce?

The sky didn't fall but it certainly had an altitude change! After experiencing an amazing up-turn in the market in the 1st half of the decade we got a heavy dose of reality in the form of pricing declines in the 2nd half. I'm cautiously optimistic to report that the industry leaders at CAR and NAR are predicting that during the next year we will experience modest increases in median home price with continued increases in home sales as well. In the forecast for the Lake Tahoe South Shore: … [Read more...]

Real Estate Provisions in The Fiscal Cliff Bill

Real Estate Provisions in The Fiscal Cliff Bill Courtesy of Realtor.org On Jan. 1 both the Senate and House passed H.R. 8 legislation to avert the "fiscal cliff." The bill was signed into law by President Barack Obama on Jan. 2.Below is a summary of real estate related provisions in the bill:  Real Estate Tax ExtendersMortgage Cancellation Relief is extended for one year to Jan. 1, 2014Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made … [Read more...]