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real estate: Fortune Magazine: It's Time to Buy Again - 04/20/11 06:56 PM
"After four years of plunging home prices, the most attractive asset class in America is housing," proclaims Fortune magazine, one of the world's premier business publications, in its April cover story. The article, headlined "The Return of Real Estate," explains that several market forces have created a more promising outlook for the industry. An excerpt: So let's state it simply and forcibly: Housing is back. Two basic factors are laying the foundation for dramatic recovery in residential real estate. The first is the historic drop in new construction. The second is a steep decline in prices, on the order of 30%
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real estate: 22nd Annual Garage Sale, This Weekend! July 17 & 18 - 07/12/10 02:11 PM
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real estate: No More State Tax on Forgiven Debt - 04/16/10 02:24 PM
Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification. Enacted into law yesterday, Senate Bill 401 generally aligns California's tax treatment of mortgage debt relief income with federal law. For debt forgiven on a loan secured by a "qualified principal residence," borrowers will now be exempt from both federal and state income tax consequences. The existing federal exemption is for indebtedness up to $2 million, whereas the new California exemption is for indebtedness up to $800,000 and forgiven debt up to $500,000.For more information on this, visit CA's
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Brad Hatton
Fremont,
CA
More about me
Century 21 Mission-Bishop Real Estate
Address: 39180 Liberty St. #205, Fremont, CA, 94538
Office Phone: (510) 494-2120
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