Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives | HousingWire

The final fiscal cliff deal passed by the Senate and House on January 1, leaves hope for the housing market. Bringing back a popular tax break on mortgage insurance premiums and debt forgiveness, the mortgage industry can breath a sigh of relief.

"The law dictates that eligible borrowers who itemize their federal tax returns and have an adjusted gross income (AGI) of less than $100,000 per year can deduct 100% of their annual mortgage insurance premiums," Compass Point said.

The deal also extends the Mortgage Forgiveness Debt Relief Act of 2007, set to expire Dec 31, 2012; "Homeowners who experience a debt reduction through a short sale or mortgage principal forgiveness are exempt from being taxed on the forgiven amount."

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Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives | HousingWire

Our Quarter 4 Sales of 2012

In 2012 overall, the number of properties sold in the Sun Valley market is up 40% from the number of properties sold in 2011. In addition, our inventory of available properties is currently down 11% from the same time in 2011.
With the reduction in supply of existing properties and more buyers coming into the market, we expect even more strengthening in 2013. The first step in recovery is underway!
*Statistics Provided by Sun Valley Board of Realtors

As for our Fourth Quarter specifically, click on the below image to view our offices sales from October 1, 2012 through December 31, 2012. (Representing buyers and sellers.)

Open publication




 

Elkhorn Tour of Homes

Join us tomorrow, December 27 from 2:00 to 5:00pm for an Ekhorn Tour of Homes. Take a sneak peek at the homes on our website, before heading out in the afternoon.



1. 104 Grey Eagle



2. 104 Silver Queen

3. Parker Gulch Road

4. 103 Keystone

5. Arrowwood Townhome

6. 213 Independence Creek

7. 2831 Summit II Townhome

 

 8. 2265 Bonne Vie Condo

 

 9. 4520 Legends Condo

 

Karin Horvath: Woman of the Year for The Papoose Club

We are pleased to announce one of our agents has been awarded "Woman of the Year" for her leadership, enthusiasm and participation with the Papoose Club's fundraising and local events. This year's recognition went out to Karin Horvath, a member and participant for over 7 years.

Founded in 1954 by a group of local moms, The Papoose Club is a non-profit volunteer organization that supports youth-oriented groups in the Wood River Valley through fundraising activities and community events. Our most well know and well loved events include The Wagon Days Pancake Breakfast, Holiday Bazaar, Kindercup Ski Race, and Annual Plant Sale. Comprised of a group of dedicated members who meet monthly, the Club’s mission is to promote and assist cultural, social educational and athletic activities for children in the Wood River Valley; providing financial support to a wide variety of programs that serve children.

Annual Papoose Club Pancake Breakfast

Papoose Club’s membership is a diverse group of dynamic, community-minded, action oriented people. Over time, our membership roster has included school board members, professionals, stay-at-home moms, teachers, philanthropists, PTA presidents and civic leaders. What all Papoose Club members have in common is a strong commitment to our local community kids in the Wood River Valley. Annually the Papoose Club recognizes one of their members for “Woman of the Year” for their leadership, enthusiasm and participation with our fundraising and local events. This year’s recognition went out to Karin Horvath a member and participant for over 7 years.

Formally incorporated as a non-profit organization, in 1975 the Papoose Club is open to everyone! For more information, please go to: http://papooseclub.org

Annual Holiday Bazaar

 

Photos courtesy of the Papoose Club.

Browse Sun Valley Real Estate in our Winter 2013 Catalog, Sun Valley Style

The time is upon us, and even though the printed version has not hit stands, you can view our winter 2013 catalog, Sun Valley Style, online. Browse properties from North of Ketchum, ID and Stanley, ID through South Blaine County, with easy links back to our website, www.sunvalleysir.com, for additional photos and information. If you prefer the printed version, don't fret, it will hit stands December 19th!

Please click the photo or visit http://viewer.zmags.com/publication/a018f76e to virtually view our listings.