Headlines in Real Estate for week ending December 28th 2012

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
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

Realtor at CENTURY 21 Award, Daniel was Voted U-T San Diego’s Best Real Estate Agent in 2014. A Husband, Father, and most recently, accomplished Blog writer, which explains your visit today.