Real estate is ending 2010 on a positive note with President Obama recently extending tax credits that add value to home ownership and home improvements. On the 17th of this month Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The Act extended tax benefits, reduced payroll taxes and extended a variety of energy efficient tax credits. The extension of the tax credits for energy efficient improvements include those for new homes, existing homes, and building credits. The credits are good for improvements made throughDecember 31, 2011.

Thus far the year is also ending with the mortgage interest deduction (MID) in place, a vital benefit to home owners everywhere this allows homes owners to write off the interest paid on mortgages. While the MID is being threatened to be reduced or eliminated as a way to recover money and reduce government debt, it hasn’t been altered yet, making homeowners throughout the United States grateful for the time being.

Home sales are holding their own as mortgage rates remain hovering above historic lows. Re-financing and buying real estate is benefiting greatly form these low rates. The low interest rate is helping boost sales, appearing to stay put until recovery is in full swing. All in all real estate is ending 2010 in a good position to pick up speed in 2011.

Click here to learn more about real estate provisions that are a part of Obama’s latest tax bill.

Real Estate Ending 2010 on Positive Note is a post from: Phoenix and Beyond Real Estate and Area Information

Bill Vaughan
An optimist stays up until midnight to see the New Year in. A pessimist stays up to make sure the old year leaves.

Mark Twain
New Year’s Day… now is the accepted time to make your regular annual good resolutions. Next week you can begin paving hell with them as usual.

Jay Leno
Now there are more overweight people in America than average-weight people. So overweight people are now average… which means, you have met your New Year’s resolution.

P. J. O’Rourke
The proper behavior all through the holiday season is to be drunk. This drunkenness culminates on New Year’s Eve, when you get so drunk you kiss the person you’re married to.

here are some really great New Year’s quotes is a post from: Phoenix and Beyond Real Estate and Area Information