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(NAR) National Association of Realtors

Can homeowners deduct seller-paid points as the real estate market improves?

(NAR) National Association of Realtors, Federal Taxes, Home Mortgage, Individual Tax Tips, Mortgage loans, Real Estate, Tax Tips on Real Estate Purchases /

The recent drop in interest rates has created a buzz in the real estate market. Potential homebuyers may now have an opportunity to attain their dreams of purchasing property. “The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in […]

Can homeowners deduct seller-paid points as the real estate market improves? Read More »

Homebuyers: Can you deduct seller-paid points?

(NAR) National Association of Realtors, Home Mortgage, Income Tax, Mortgage loans, Tax Deduction /

Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with last year. One of the reasons is the pandemic: “With the sizable shift in remote work, current homeowners are looking for larger homes…” according to NAR’s Chief Economist Lawrence Yun. If you’re buying

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