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Category Archives: Industry Info

Entering the Fourth Phase of the US Housing Recovery

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From Lennox’s Real Estate Blog Five years ago, the U.S. government took unprecedented measures to end the subprime mortgage crisis. Since that time we have seen the rolling aftermath. Underwater home owners, short sales, and foreclosures cast a dark shadow over the market. The federal government and the real estate industry have been focused on… Continue Reading

3.8% TAX TO GO INTO EFFECT IN 2013

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The health care legislation enacted in 2013 included a new tax that was designed to affect upper income taxpayers. Understand this tax will not be imposed exclusively on real estate transactions. The tax is NOT a transfer tax on real estate sales and similar transactions. Rather, when the legislation becomes effective it may entail a… Continue Reading

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