Even though the National Association of Realtors announced this month that it has noticed a 1.0 percent drop in existing home sales last month, many real estate experts say that this probably won't affect the overall growth the housing market has witnessed in the past few months.
In a December post, readers of our blog received a brief-albeit it uncertain-answer to the question: can you avoid falling over the fiscal cliff with a short sale? The answer to this question hinged on whether Congress could come to a consensus on what to do with many of the tax laws that were set to expire at the end of 2012.
If there is one thing that has the entire nation on edge it's the uncertainty of the fiscal cliff. With the federal budget still in limbo, homeowners who are still paying on mortgages they may not be able to afford fear that soon, the coming of the New Year could mean an increase in their taxable income.