If you are wondering what the affects of the Fiscal Cliff Bill will have upon real estate there is some very helpful information on the National Association of Realtors Speaking of Real Estate Blog. Below is an excerpt. Click on the first sentence to be redirected to the full blog.
“The U.S. House of Representatives late Tuesday passed the Senate legislation to avert the “fiscal cliff,” paving the way for enactment by President Barack Obama. “[T]his agreement is the right thing to do for our country,” the president said on Monday. The House vote was 257 for and 167 against.
Under the agreement, tax rates would remain the same for most households and mortgage cancellation relief is extended. The “American Taxpayer Relief Act of 2012’’ extends current tax rates for all households earning less than $450,000, and $400,000 for individual filers.”
As always, if you have any questions on the Sandbridge Beach real estate market please feel free to contact me.