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When real estate gets personal

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It’s not personal. It’s business Continue reading
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What will become of the mortgage interest deduction

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There’s a lot of discussion about the mortgage interest deduction, typically regarded as a big incentive for homeownership. As the IRS code stands , taxpayers who itemize deductions can include the accrued interest on debts secured by a principal residence or second home up to $1 million or the first $100,000 of a home equity loan. Additionally, taxpayers avoid capital gains tax on the sale of real estate property (up to $250,000 for single filers and up to $500,000 for a married couple filing jointly) used as the primary residence for at least two of the five years before the date of sale. Continue reading
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Demand for apartments may outpace supply

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In the metro Seattle area, some rental market analysts project that demand for rental apartments will outpace supply in the year 2012.¬† O’Connor Consulting Group reports¬†that vacancies in Seattle, Bellevue, and Everett declined by 1.5%, from 5.7% at the end of 2009 to 4.2% at the end of 2010. Continue reading
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Mortgage rates are falling

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If there were ever a prime time for home affordability, it’s now. Continue reading
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