The Fiscal Cliff impact on struggling homeowners, solutions to low appraisals, first time buyers, November prices and sales jump in this weeks real estate headlines you may have missed.
What to do when an appraisal comes in below the selling price
The Washington Post
As the real estate market heats up and prices continue to recover, more home buyers and sellers are likely to encounter the problem of an appraisal that is lower than the agreed-upon sale price. Read Full Story
Home sales, prices jump in November
CNNMoney
Sales of existing homes rose 5.9 percent to an annual pace of 5.04 million, according to a report from the NATIONAL ASSOCIATION OF REALTORS®. Read Full Story
Struggling homeowners may lose critical tax break in fiscal cliff talks
The Washington Post
Since the housing market collapsed, banks have been pushed to extend mortgage relief to struggling homeowners. But those households could soon receive an extra tax bill if Congress does not extend a five-year tax break. Read Full Story
Fewer first-time buyers
The New York Times
A survey by the NATIONAL ASSOCIATION OF REALTORS® found that only 31 percent of their sales were to first-time buyers. Normally, first-time buyers represent closer to 40 percent of the market. Read Full Story
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About Daniel Di Matteo
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
