New home sales slump as rates bite
AUSTRALIAN new home sales fell 7 per cent in July from June, the third consecutive monthly decline.
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New home sales slump as rates bite
Bill protects home short-sales from tax bite
Bill protects home short-sales from tax bite
SACRAMENTO, Calif. (AP) — California residents who sell their homes in “short sales” would avoid a tax bite under a bill approved by the state Legislature. Short sales are when a homeowner sells for less than what is owed to the bank. The bill makes clear that home sellers do not have to count as income the money their lenders forgive on outstanding loans. The measure by Sen. Lois Wolk, a …
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