According to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 2.4 % in July to a seasonally adjusted annual rate of 412,000 units. However while new-home sales fell 30.8 % in the Northeast, 8.8 % in the Midwest, and 15.2 % in the West, sales were up 8.1 % in the South region.
Newport Realty Associates, LLC is a full service residential real estate firm based in Alpharetta, Georgia
I often hear people refer to their agent as “my realtor” or say they are thinking about getting their “realtor’s license”. For the record, all realtors are licensees, but not all licensees are realtors . . .
It’s a really competitive market right now for buyers, so agents are using every resource to give their clients an advantage. One of these is the “love letter” that buyers often provide with an offer . . .
In this crazy market it’s not unusual to hear about a home that sold just a few years ago selling again for considerably more money. So if you’re lucky enough to be in that position, do you have to pay taxes on the gain?
