Monthly Archive
for: ‘August, 2011’

Clearing Up Rumors About the 3.8 Percent Medicare Tax & Real Estate Sales

Realtors across the country are receiving information about how the Health Insurance Reform will affect the housing market and tax policy. To clear up any confusion, click on the links below for fact sheets on this issue.  Get the Facts About the 3.8 Percent Tax and Real Estate Read the FAQ on Tax Issues and Health Care […]

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Austin Market Update

Austin-area homes spent an average of 77 days on the market, four days longer than July 2010. The Austin market also featured 13 percent fewer new listings in July 2011, which was 20 percent fewer active listings and 28 percent more pending sales than in July 2010. According to Judith Bundschuh, Chairman of the Austin […]

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National Flood Insurance Program

The National Association of Realtors estimates that 1,300 sales a day could stall if the National Flood Insurance Program expires on September 30. On July 12, 2011 the U.S. House of Representatives passed a 5-year reauthorization of the NFIP.  Now we need for the Senate to repeat that process. Maintaining available and affordable flood insurance for all […]

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Loan Limits

Many homes now under contract will not be able to close after September 30, 2011 if loan limits drop.  Congress needs to takes swift action to make the current FHA and GSE loan limits permanent. The average decline in loan limits would be more than $68,000, which means many potential homebuyers could be priced out of home ownership.  Those wanting to help can […]

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