Some news concerning the world of real estate:
• Home mortgage interest deduction still in danger
Since Congress has taken off on its annual summer recess, you might assume that nothing is happening on Capitol Hill that could affect the taxes you pay on your home. Quite the reverse.
• Column: President giving mixed messages on housing
The president endorsed a new home mortgage system where the private sector would be primarily at risk for mortgage defaults and the federal government would act as a backup guarantor.
• Hip-hop artist drops the price of Hollywood Hills home
Kanye West lowers asking price after no takers.
• Homebuyers use “love letters” to sellers to gain edge
To stand out in a crowded marketplace, some buyers have decided to employ a very traditional and personal medium — deeply personal and emotional letters they hope will curry favor with the sellers.
• Prudential: Gen Yers more optimistic
Young Americans, like the majority of survey participants, are feeling much better about homeownership, said CEO/President.
