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…
Posts with the mortgages tag
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 […]
$75K Home Was Mortgaged for Nearly Half a Million in 2007
I like to keep tabs on what’s going on in my neighborhood, and when a little house a block away was listed for rent on Craigslist (screenshot) this week, I remembered seeing it as a foreclosure on the market for sale last year. I got a little curious to know some more about this home’s […]
Are Obama & Romney Avoiding Housing to Avoid Talking About Killing the Mortgage Interest Deduction?
There is one major political topic that has been mysteriously absent from both major presidential campaigns during this year’s presidential election season… housing. Nick Timiraos noted this in the Wall Street Journal in early September. Here we are in late October, four debates later, and nothing has really changed. Barely a peep about housing from […]