See on Scoop.it - Charlotte Real EstateThe IRS has recently issued a helpful list of 10 tax tips all homeowners should keep in mind when selling a home:   1. You are usually eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.   2. If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases).   3. You are not eligible for the exclusion if you excluded the gain from … Continue reading...

See on Scoop.it - Charlotte Real Estate Rates on 30-year fixed-rate mortgages averaged 3.55 percent with an average 0.7 point for the week ending Sept. 6, down from 3.59 percent last week and 4.12 percent a year ago, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey. Rates on 30-year fixed-rate mortgages hit an all-time low in Freddie Mac records dating to 1971 of 3.49 percent during the week ending July 26.   For 15-year fixed-rate mortgages, rates averaged 2.86 percent with an average 0.6 point, unchanged from last week but down from 3.33 percent a year … Continue reading...

See on Scoop.it - Charlotte Real Estate Despite expectations of a drop-off in home sales this fall, a forward-looking indicator shows a growing number of buyers are jumping back into the housing market.   The National Association of Realtors’ Pending Home Sales Index rose 2.4 percent in July from June and is now 12.4 percent higher than it was a year ago. This index, which measures signed contracts to buy existing homes, is now at its highest level since April of 2010, just before the end of the home buyer tax credit.   “While the month-to-month movement has been uneven, … Continue reading...