Last week the Senate Finance Committee reportedly passed a two-year retroactive extension of tax relief for homeowners who have had mortgage debt forgiven.
There are reports of low inventory of available housing in many areas of the country, including Greenwich. There are several reasons that are contributing to this situation.
According to the National Association of Realtors, existing home sales were up 9.1% in 2013 from where they were in 2012.
There was some good news from Washington recently. Last week the Senate approved the Homeowner Flood Insurance Affordability Act with House amendments.