Tax Tips for Home Owners

Tax day is April 15th and we know there can be a lot of questions when real estate is involved.

Here are a few of our favorite articles with tips and advice for those saving it until the last minute: 

• 9 Easy Mistakes Homeowners Make on Their Taxes - including Sin #7: Forgetting to keep track of capital gains:
  houselogic.com/home-advice/taxes-incentives/common-tax-mistakes/

• HR Block has some facts about Taxes on the Sale of a Home and when to exclude the profit -- which is a capital gain: hrblock.com/free-tax-tips-calculators/tax-help-articles/Real-Estate-and-Rentals/Sale-of-a-Home.html?action=ga&aid=27037&out=vm

• Here’s a Crash Course in Tax and Investment Property: realestate.com/advice/tax-and-investment-property/

• And a few things you should know about Tax Deductions for Vacation Homes: houselogic.com/home-advice/tax-deductions/tax-deductions-vacation-homes

House Prices Report Annual Gains, Expected to Rise in the Future

The recent release by the Federal Housing Finance Agency (FHFA) shows that its measure of house prices, House Price Index - Purchase Only, rose by 5.1 percent on a 12-month seasonally adjusted basis in January 2015. This marks the 36th consecutive month of year-over-year growth. Over this nearly three-year period, hose prices have risen by 20.1%.

For more on this report, including additional information from Standard & Poors, follow the link to read the full article here.