Archive for fec articles
Tax Due Dates for January 2012
Posted by: | Comments| January 10 | Employees - who work for tips. If you received $20 or more in tips during December, report them to your employer. You can use Form 4070, Employee’s Report of Tips to Employer. |
| January 17 | Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule Read More→ |
California December Home Sales
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An estimated 37,734 new and resale houses and condos were sold statewide last month. That was up 15.5 percent from 32,669 in November, and up 4.2 percent from 36,215 for December 2010. California sales for the month of December have varied from a low of 25,585 in 2007 to a high of 66,503 in 2003, while the average is 44,063. DataQuick’s statistics go back to 1988.
The median price paid for a home last month was $246,000, up 0.8 percent from $244,000 in November, and down 3.1 percent from $254,000 for December 2010. The median has decreased on a year-over-year basis for the last fifteen months. The bottom of the current cycle was $221,000 in April 2009. The peak was $484,000 in early 2007. Read More→
Freddie Mac Now Permits Up To 12 Months Forbearance To Unemployed Borrowers
Posted by: | CommentsFreddie Mac (OTC: FMCC) today announced it is giving mortgage servicers expanded authority to provide six months of forbearance to unemployed borrowers without Freddie Mac’s prior approval and up to an additional six months with prior approval. This means unemployed borrowers may be eligible for up to 12 months of Read More→
Tax Changes for 2012: A Checklist
Posted by: | CommentsWelcome 2012! As the new year rolls around, it’s always a sure bet that there will be changes to the current tax law and 2012 is no different. From health savings accounts to retirement contributions here’s a checklist of tax changes to help you plan the year ahead.
Individuals
The Read More→
How Did Mortgage Rates Respond to The Jobs Report?
Posted by: | CommentsMortgage Rates are simply on a tear… New records were set yesterday and again today–granted, by only small margins each time and only with respect to borrowing costs. The actual interest rates that constitute the best combination of monthly payment and fees for the best-qualified borrowers planning on keeping their Read More→
4 Best Real Estate Moves
Posted by: | CommentsEver since the housing market collapsed five years ago, buyers, sellers and investors have been climbing their way out of the rubble. Things have improved a little, but it’s clear we’re not there yet.
Even so, there are signs of hope. Existing home sales are up by a large margin Read More→
Turning foreclosures into rentals
Posted by: | CommentsFederal officials hope to launch a pilot program in early 2012 to convert government-owned foreclosures into rental properties.
The program, which was cited by Federal Reserve Chairman Ben Bernanke last week as one way to address the housing crisis, would sell foreclosed homes now owned by Fannie Mae (FNMA Read More→
Home Prices Down in 2011, but Market Stability Forecast for 2012
Posted by: | CommentsWhile year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital.
Should the valuation company’s predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Read More→
Top 5 tax breaks for homeowners
Posted by: | Comments1. Mortgage interest deduction. Assuming this home is your personal residence, 100 percent of the mortgage interest you owe and pay before Dec. 31, 2011, is deductible on your 2011 taxes. In January, your mortgage lender will send you a form documenting the precise amount of interest you paid, Read More→
