10 Cities for Real Estate Steals

U.S. News turned to Moody’s Economy.com. The economics firm provided average and quarterly price-to-income data for each of the nation’s 384 distinct metropolitan statistical areas. By comparing the most recent figures with longer-term averages, we were able to compile a list of 10 cities for real estate steals.

Tax Consequences of a “Short Sale” of Real Estate vs. Foreclosure

Excellent article from September 16, 2009 by Michael C. Gray, CPA How are foreclosures (and deeds in lieu of foreclosure) taxed? Tax relief enacted for recourse mortgage on principal residence debt forgiveness. What happens with a “short sale”? Considerations for rental real estate ….excerpts:…. Tax relief enacted for recourse mortgage on principal residence debt forgiveness. … More Tax Consequences of a “Short Sale” of Real Estate vs. Foreclosure

10 Must-Have Features

The kitchen is still king. LAS VEGAS — Americans want smaller houses and they are willing to strip some of yesterday’s most popular rooms — such as home theaters — from them in order to accommodate changing lifestyles, consumer experts told audiences at the International Builders Show here this week.

Pricing a listing

by Paula Hathawaay Southampton, NY   Prudential Douglas Elliman Real Estate How are you handling sellers who want you to over-price their homes? It may seem that the owner who insists on a couple of hundred thousand more in their asking price should be accomodated, especially if you are not the only broker on the hunt. But pricing … More Pricing a listing