The Great Recession brought about a major downturn in the housing market. In this new economic reality, many investors backed off for a few years. Now, they’re slowly starting to come back as the market improves and their wide-eyed dreams of ditching the rat race for wealth and independence expand by the day. If you’re one of the many who have taken the plunge into the housing market or are considering doing so, keep in mind that it can be challenging. In particular, there are four key issues you’ll want to master in order to hone your property investing skills...read more
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Not only are investments in residential real estate expected to continue on its path to economic recovery in 2013, they just might add even more to it, as well as in other areas, such as investments in business, equipment and structures spending. Eager to maintain its upward movement, the Feds are expected to maintain the historically low interest rate environment we're in.
Good news for homeowners and real estate professionals who serve them! The Mortgage Debt Relief Act of 2007, which allows homeowners to avoid paying taxes on the difference between the amount of a short sale and the amount owed on the mortgage has been extended for a year, keeping distressed homeowners from falling off the dramatically named "fiscal cliff".
While great news, it is only temporary and the term "short sale" is quite misleading. Any honest real estate professional will tell you, these things are far from short. So now is the time to act if you are experiencing a hardship.
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