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Cash gifts and the downpayment

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Many families who purchase homes receive help from their close relatives. In fact, the National Association of Realtors¬†found that 25 percent of buyers who were surveyed relied on cash gifts from family members to close on their properties from July … Continue reading Continue reading
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Seattle Metro Area leads in wage growth

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The Seattle-Bellevue-Tacoma area ties the Houston metropolitan region for the best wage growth in the fourth quarter of 2012, reports Seattle Business Mag. Based on the PayScale Index, overall Q4 2012 wage growth for Seattle, Tacoma, Bellevue, Everett, and surrounding … Continue reading Continue reading
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Tax considerations for short sales and foreclosures

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If you lost your home to foreclosure or sold it short in 2012, understanding the possible tax consequences when filing is important. TurboTax offers general guidelines on how the IRS treats forgiven mortgage debt. Fortunately, the typical household will not … Continue reading
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Online activity for housing warms up

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The housing market is getting a spring in its step as winter begins to come to a close. The search for homes starts up in earnest in January, peaks in March, and continues through August for most regions around the … Continue reading Continue reading
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