On Jan. 1 both the Senate and House passed H.R. 8, legislation to avert the “fiscal cliff.” The bill will be signed shortly by President Barack Obama. Below are a summary of real estate related provisions in the bill: Real Estate Tax Extenders Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014 …
The U.S. Census Bureau reported Tuesday that the nation’s homeownership rate fell to 66% in the fourth quarter, continuing a seven-year drop from a fourth-quarter peak of 69.2% in 2004. At the same time, U.S. home prices fell 1.3% in November from October and were 3.7% below 2010 levels, the Standard & Poor’s/Case-Shiller home price …
Home prices were down 3.4% in October from the same time last year, according to the Standard & Poor’s Case-Shiller home price index of 20 leading U.S. cities, which was released Tuesday. (View Austin Texas real estate market statistics.) Prices were also down from September, on a non-seasonally adjusted basis, in 19 of the 20 …