Real Estate Tax and the Health Reform Bill - 08/29/10 10:26 PM
There has been a lot of talk recently about how the health-care legislation that was recently passed, introduced a sales tax on real estate. While there is a new sales tax for real estate, the facts are that it will not impact everyone; in fact the chances are it will not impact you at all.
Here are the facts, in the bill there is a provision for a tax of 3.8% on profits from the sale of residential or investment real estate, which is due to come into effect on the 1st of Jan 2013.  But this tax is aimed at … (1 comments)

July 2010 Salt Lake County Home Prices - 08/28/10 01:22 AM
After four straight months where we have seen home sales top the 1,000 mark, they dropped back down to earth with a bump in July. Just like expected, the expiration of the home buyers tax credit resulted in a drop in home sales, with just 693 homes sold, the lowest number since February.
Looking at other data, the average home sales price actually increased to $261,057, which is the highest amount seen since back in January and is even slightly higher than the same time last year. The average size of home sold also increased to 2,702 square feet, which is … (2 comments)