You might recall that we posted earlier this year about the Mortgage Interest Deduction and how the current Administration is trying to change this tax deduction that has been in place for over 80 years. Well, as you can imagine, this has stirred up some strong feelings from homeowners. In...
Search Results for: mortgage interest deduction
Mortgage Interest Deduction: Summary and Current Issues
You may have heard by now that the Mortgage Interest Deduction (aka “The MID”) is going through the wringer. Some changes to this tax deduction have been proposed by the Obama Administration, and it could effect many homeowners across the country. We’d like to describe what this deduction is and...
FHA Loan Limit Changes Likely Won’t Affect Shenandoah Valley Home Buyers
You may have heard about loan limits changing on FHA mortgages starting October 1st. According to the Department of Housing and Urban Development (HUD), the Shenandoah Valley — at least at this point — will not experience any changes in FHA loan limits. There is a full document on HUD’s...
Home Sales Are On The Rise This Year
In Harrisonburg and Rockingham County, we’re starting to see an upswing in the real estate market, which has been in a lull for quite a while after the devastating effects of the Great Recession. According to Lawrence Yun, Chief Economist for the National Association of Realtors® (NAR), “the first quarter...