Pook's Message - 7/25/12

Several folks have recently asked me about the "House Seller Tax" that is supposedly going into effect in 2013 as part of the new Health Care Bill.  It's a topic that I posted about in July 2011, but, folks are still wondering if and how this will affect home sellers.  It seems the folks at Keeping Current Matters have been asked about this issue, too, as they've reposted their previous post about the tax.  To help explain this tax (which will only affect certain people), I've included KCM's newest posting about it in Today's Topics.

Today's second article, Yea! Home Prices Hitting Bottom. Now, the Bad News, may be a little scary for sellers, but it contains some very good rational for selling now.  For sellers in the Phoenix area, things are brighter than for sellers in many parts of the country.  While our market took a huge hit, our turnaround has been much stronger, with an increase in the number of closed sales and increasing prices.  Sales price increases vary greatly by area and price range, but the upward trend is there, with inventory down and short sales and foreclosures fading from the market.  Is this the right time for you to sell?  See how you feel after reading this article... 

June stats are now posted at my website.  July stats will be posted as soon as available.
Paradise Valley Stats
Scottsdale Stats