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The Fiscal Cliff Deal: Good News for Housing (Mostly)

In the weeks coming up to the Fiscal Cliff, there was a lot of uncertainty in the real estate market.  For example, would the Mortgage Interest Deduction (MID) be preserved?  Would short sales result in higher taxes for those who sell?  Once the dust settled and the deal was done, the results were generally positive for homeowners.  Here are some of the highlights: Mortgage Interest Deduction (MID) – Generally remains intact for most homeowners, which means t [...]

How the Fiscal Cliff Could Affect Homeowners

The "Fiscal Cliff" continues to dominate the news, as Washington works to avoid the detrimental impact to our fragile economy of doing nothing.  For homeowners, both current and future, there are several possibilities that could have a significant impact, not only personally, but on the real estate market as a whole. Accoding to a recent article on Fox Business, there are several areas of concern.  First is the Mortgage Interest Deduction (MID).  While few people bel [...]

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