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real estate

101

L I V E B E A U T I F U L L Y ®

CONSUMER ATTITUDES IMPROVE IN DECEMBER

Americans’ attitudes on a variety of issues are marginally better than one month ago, according to results from Fannie Mae’s December National Housing Survey. Consumer sentiment trended in a positive direction in the final months of 2011.

Highlights of the survey include:

• 36% of Americans say that mortgage rates will go up over the next 12 months.

• 71% of respondents say it is a good time to buy a home, and 11 % say it is a good time to sell.

• On average, Americans expect home rental prices to increase by 3.5 % over the next 12 months.

• 31% of Americans say they would rent their next home, while 64% say they would buy.

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HOUSING MORE AFFORDABLE THAN EVER FOR FOREIGN BUYERS. Foreign homebuyers see the U.S. as a good investment bet. Homeownership has become more affordable to foreign-born residents than U.S. Citizens, says the Credit Sesame report.

Susie Denton can help you reach your real estate goals - in English and in Chinese.

SHORT SALE REPORTING The IRS taxed short sale proceeds in the year the property closed vs. the year the short position was opened. New regulations correct that discrepancy and more.

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Susie Denton

Denton Properties Group DRE License # 00993999

949.500.3002 Susie@SusieDenton.com

Fluent in English & Chinese