Thought leadership on everything..Real Estate..
Carpe Diem..For the ongoing collection of Life!
Sotheby's International Realty
Friday, August 3, 2012
Carpe Diem...August Real Estate Update..Milestones and Slides
Carpe Diem...Real Estate Update
General Real Estate News & Views
HOUSING PASSES A MILESTONE The U.S. finally has moved beyond
attention-grabbing predictions from housing "experts" that housing is
bottoming. The numbers are now convincing, according to David Wessel on
The News Hub.
30-YEAR MORTGAGES FALL BELOW 3.5% Long-term mortgage rates continue to
fall to new record lows, with the average rate on a 30-year fixed-rate
mortgage falling below 3.5 percent for the first time ever.
HEALTH-CARE REFORM LAW CONTAINS SURTAX THAT CAN AFFECT HOME SALES When the Supreme Court upheld the
health-care reform law on federal tax grounds, it restoked a housing
issue that had been relatively quiet for the past year: The alleged
"real estate tax" on home sales buried in the legislation.