Friday, May 20, 2016

Selling your house? Two is the magic number for a big tax break

Are you a homeowner who wants to tap into the spring house buying season? Or perhaps you were a seller who benefited from the rise in home sales last year.

If so, you may have realized or will soon enjoy a sizeable financial gain. Home prices rose 6 percent last year. And according to economist Lawrence Yun of the National Association of Realtors, they are also expected to increase 4 to 5 percent in 2016.

Read more... https://www.washingtonpost.com/realestate/selling-your-house-two-is-the-magic-number-for-a-big-tax-break/2016/04/07/8321a710-faa8-11e5-9140-e61d062438bb_story.html

Reuters: Financial Services and Real Estate

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