Tuesday, May 31, 2011

6 real estate headlines: 31-May

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

DC estate tax at $35M six months early
Washington Business Journal
: Every D.C. estate tax dollar received between April and September is a bonus and could be used to ease budget cuts.

Tax breaks for property losses
Inman News
: A "casualty" is damage, destruction, or loss of property due to an event that is sudden, unexpected, or unusual. Deductible casualty losses can result from many different causes.
Washington hot spot for young professionals
Washington Examiner
: Young professionals look for a home that is a good value, in move-in condition, includes all appliances and requires little to no renovations or improvements.

Be realistic when refinancing a home loan
: If your personal finances are less solid, you may have to overcome some obstacles before getting a new home loan.

Pending home sales dive in April
Wall Street Journal
: The number of people who signed contracts to buy previously occupied homes in the U.S. tumbled last month, the latest sign that the battered sector is struggling to rebound.
Five things to watch: Hello, summer
: Analysts aren't looking for much good news in the struggling housing market, as a two percent decline is expected. Then again, there's good news if you're a prospective home buyer.


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