Real Estate tops Feds List
The National Association of Realtors (N.A.R.) reports that "The U.S. tax code has a huge number of deductions and credits, and real estate-related ones top the list in lost revenue to the federal government, says President Bush's Advisory Panel on Federal Tax Reform."
To read more, go here.
and ... Home Buyers want Smaller Homes!
The N.A.R. also reports that builders are finding more requests for smaller homes. That's right ... smaller! The average size home has 2,330 square feet. Now, developers are finding that buyers want smaller homes, "either because they don't want or can't afford a big house."
To read more about it, go here.