Taxes Archive

Understanding Figures Reported on the MID

According to the most recent public data from the IRS, there were about 144 million[1] US tax filers in 2010.  In the same year, the US resident population was 309 million[2] and the number of households was estimated to...

Current Confidence Index for Single-Family Homes Steady

The majority of REALTORS® continued to report rising home prices and improving days on the market.  However, REALTORS®   reported that  the market remains hampered by a “demanding and rigid loan qualification process”  that  has made mortgage underwriting  “a nightmare” ...

The Weak Economy and Uncertainties

Each month, the National Association of REALTORS® obtains up-to-date and on-the-ground incisive comments from REALTORS® who participate in the REALTORS® Confidence Index (RCI) survey. The RCI survey tracks expectations about overall market conditions, buyer/seller traffic, price, buyer profiles, and...

Housing Inventories Back to Pre-Boom Levels

The sharp increase in demand for housing has led to an equally strong decline in the inventory of homes for sale. Tight supplies have led to home price appreciation and pockets of new construction. Furthermore, with roughly 11 million homeowners...

The Impact of the 3.8% Tax on Rents

As part of the health care legislation, a new 3.8 percent tax will be imposed on some people starting in 2013.  Contrary to rumors among some real estate practitioners, this is not a tax on the sale of a...