This is an example of a powerful and attention grabbing headline but, in reality, how much of what we hear and read is merely hype and hyperbole potentially devoid of fact? The truth is that we will not know the impact, if any, that Donald Trump will have on real estate and the economy until he’s in […]
As 2016 quickly winds down, the question now on the minds of homebuyers and home sellers is what 2017 will portend for the residential real estate market in the United States… Early on a Monday morning these are some points pondered by Hallmark Abstract Service with the thoughts from real estate industry giants Zillow and Realtor.com offered […]
The Mortgage Interest Deduction! Of course the title of the article is a parody of the fan pleading for the masses to leave Britney Spears alone but, for anyone who owns real estate that is mortgaged or who may be thinking of buying residential property with financing, the title is actually quite significant. This […]
Update: This article was linked to at Global Economic Intersection here. Rep. David Camp, Chairman of the House Ways and Means Committee, has made proposals in a new bill that seek to simplify the federal tax code! Unfortunately they would hit the real estate and mortgage industries hard! The Tax Reform Act of 2014 would […]
In New York City as well as in other major metropolitan areas around the country, many people will live in rental apartments until some type of life event causes them to think about buying a home instead! This can occur for many reasons such as starting a family, educational opportunities or perhaps a raise that […]
One of the critical pieces of any real estate investment, the mortgage interest deduction (MID), has always served as something of a bi-partisan political football! For those who may be unfamiliar the MID allows homeowners to deduct the interest paid on their mortgage from taxable income (subject of course to certain IRS rules) making it […]
