Housing Market Wins with Fiscal Cliff “Deal”

road sign for fiscal cliff aheadThe deal that Congress struck to prevent falling of the Fiscal Cliff strongly favored the housing market. The three biggies for homeowners include:

The mortgage interest decudtion was not touched.

Tax relief on mortgage debt relief extended for one year.

Deduction created for private mortgage insurance.

Here’s a link to a CNBC report from Diana Olick, their Real Estate Correspondent.

For the moment, we’re OK. Good start to 2013.

 

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