Short sale tax break signed into law

Posted December 29, 2014 / No comments

Homeowners who had short sales in 2014 can now breathe a giant sigh of relief, as the Mortgage Debt Forgiveness Act was signed into law by President Barack Obama. The short sale tax break lives on, for now, at least. Source: Housing Wire

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Homebuyers More Concerned About Affordability Than the Lack of Homes for Sale

Posted December 29, 2014 / No comments

Although inventory was down 1.5 percent in December from last year, 32.6 percent of homebuyers who responded to the Redfin Real-Time Buyer Survey indicated that “affordability in the area I want to buy” was the biggest obstacle to a home purchase. Just 11.3 percent said the biggest obstacle was “not enough homes for sale.” Read More

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Prices Hold Strong as Home Sales Drop in November

Posted December 29, 2014 / No comments

With gas prices low and consumer confidence at the highest reported level in seven years, there was a lot to be cheery about heading into the holiday home-buying season. However, positive consumer sentiment did not translate into more real estate transactions last month as the number of homes sold plunged 21 percent in November versus

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Bernanke admits FOMC meetings are ‘deadly boring'

Posted December 29, 2014 / No comments

Although Wall Street often awaits the outcome of U.S. central bank meetings with great anticipation, the event is mostly preordained and the outcome is known well in advance. So says ex-Fed Chairman Ben Bernanke….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

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Bond Yields at Records Suggest Limited Declines in 2015 – Bloomberg

Posted December 29, 2014 / No comments

Bond Yields at Records Suggest Limited Declines in 2015 Bloomberg One year ago many investors were forecasting a euro-area recovery and rising bond yields through 2014. Twelve months later they're asking how much more the European Central Bank can boost the economy and how much further yields can drop. and more »…(read more) Forward this article

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