Home Sales on the Rise!

Sources are hitting the street stating that USA home sales have reached new records during the month of October. Read more about this here, and here.

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Real Estate Taxes Changing?

The president's tax-reform advisory panel submitted two final proposals Tuesday morning to the Treasury Department, both of which offer significant changes to your tax breaks.

Nothing has been signed into law yet, but of significant interest to home owner's is the panel recommended lowering the mortgage interest cap, which is the amount of a loan on which home owners would receive a tax break for interest paid, from $1 million to the average regional housing price in the range of $227,000 to $412,000.

Generally speaking, if said recommendation was to be included in the tax law, the higher your mortgage loan and the higher your tax bracket, the more likely it is that you'll see less of a tax break than you would under the current system.

Talk to your Boulder Colorado Real Estate expert for further information on how these changes might impact you.