The deal that Congress struck to prevent falling of the Fiscal Cliff strongly favored the housing market. The three biggies for homeowners include:The mortgage interest decudtion was not touched.
Tax relief on mortgage debt relief extended for one year.
Deduction created for private mortgage insurance.
Here’s a link to a CNBC report from Diana Olick, their Real Estate Correspondent.
For the moment, we’re OK. Good start to 2013.
