The Chicago Tribune reports today that the U.S. House voted Wednesday to extend the Mortgage Debt Forgiveness Act for one year. Now the measure, which is strongly supported by REALTORS® and provides an income tax break to homeowners for mortgage debt forgiven in a short sale, heads to the U.S. Senate for consideration. Read more from the Chicago Tribune and learn more about the issue with a National Association of REALTORS® Q&A on the topic.
In other headlines:
10-Year Review: How’s Housing Really Doing? – National Association of REALTORS®
Realtor.com forecast: Millennials will break out in 2015 – HousingWire