Let’s finish off our discussion of how the Seattle-area real estate market may be affected next year by the changes to the tax code. In yesterday’s post we discussed the doubling of the standard deduction, and concluded that it is likely to have very little effect. Today let’s look at the other two big changes: The reduction of the mortgage interest deduction cap from $1M to $750k and the capping of local sales, income, and property tax deductions at $10k…
Tag: mortgages
Poll: What Percentage of Your Mortgage Still Remains?
This poll was active 09.08.2013 through 09.14.2013
FHA: Foreclosure One Year Ago? No Problem!
I received tips from two different people in the last few days about a recent change in FHA underwriting standards announced in a letter titled “Back to Work – Extenuating Circumstances” Quoting from the letter: As a result of the recent recession many borrowers who experienced unemployment or other severe reductions in income, were unable…
Poll: Buyers: What interest rate would price you out of the market?
This poll was active 06.09.2013 through 06.15.2013
NACA: The Largest Housing Services Organization in America Comes to Washington State
A word from The Tim: This post is from long-time Seattle Bubble participant Jillayne Schlicke, real estate educator through her company CE Forward. Jillayne keeps a close watch on industry news, and agreed to write up this detailed look at NACA for the readers here. Thanks, Jillayne! I attended a meeting last week sponsored by…