Home Sales Up in November

Existing home sales were up 7.4% in November and the mortgage rates have risen. Current sales are at the highest level since Feb 2007. Some economists claim that this rise was expected due to the first time buyers looking to benefit from the tax credit. Not surprising NAR (National Association of Realtors) reported that 51% [...]

Senate Shuffles Taxes

The Senate passed legislation that it would allow tax breaks for bigger companies impacted by the recession. This would include increasing taxes for multinational firms, extending/expanding the homebuyers tax credit, and for all of the unemployed out there on the street – lengthen unemployment benefits.  These proposed tax increases are looking to offset the cost [...]