Diane's Blog

Traditionally, individuals have been permitted to deduct mortgage interest paid on mortgages up to $1 million for a principal residence and one additional residence. In addition, mortgage interest on up to $100,000 of debt on home equity loans or lines of credit also qualifies for the deduction. ...

According to the Listingbook database, 7 homes sold in Port Washington during February at an average price of $595,000 (compared to 3 homes sold at an average price of $683,000 in January). (In Nassau County, the January 2009 average sale price of a home fell to just under $500,000 compared to ju...