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Saturday, October 27, 2012

Mortgage interest deductions signigicant target for budget reduction advocates

The goverment can earn billions of dollars in tax revenues by eliminating homeowner deductions but that would put a hefty tax burden on those who take mortgage interest and local property taxes write-offs. Click on the link to read the Arizona Daily Star article.


Wednesday, October 24, 2012

New home sales reach 2-year high

The Census Bureau says September's sales better than August's 368,000 new home figure by 5.7%. One reason is mortage rates are low fostered by Fed's decision to buy $40 billion in mortgages to encourage growth. Click on the link to read the CNNMoney article.

Thursday, October 11, 2012

Existing home sales improve in all 12 Fed districts

A Fed report just published said existing home prices either increased or held steady across the country. Click on the link to read the WSJ article.


Wednesday, October 3, 2012

Home sales much better than expected in August

CoreLogic, a market research firm, says August home prices are up 4.6%, the strongest showing in six years. Click on the link to read USAToday article.