Cash is King

A recent article discusses the pressure that cash buyers are putting on home values. Click here to check it out:
http://www.housingwire.com/2012/01/23/investors-buying-with-cash-pressure-home-prices

Bad News Good News for Homeowners

There are a couple of different reports that came out today for those of us who own real estate regarding the housing market.

Locally, the Oregonian reported on the further decline of home prices and sales volume. You can read it by clicking here: http://www.oregonlive.com/front-porch/index.ssf/2012/01/falling_portland-area_home_pri.html

Nationally, HotPads.com (an internet real estate search engine) announced the increase in rents and the higher than normal demand for rental properties. You can see it by clicking here: http://hotpads.com/pages/housing-report-2012-05.htm

New IRS 1099's

Last spring Congress repealed the requirement for most landlords to file 1099's for work performed on their properties. However, for anyone who holds the title to the property in a Limited Liability Corporation (LLC), these new rules are now in place. Today's Oregonian has an informative read on the new IRS requirements. You can read it by clicking on this link:
http://www.oregonlive.com/finance/index.ssf/2012/01/for_small_businesses_and_taxes.html

The 5 best (and 5 worst) housing markets for 2012 - MSN Real Estate

Today MSN Real Estate listed their 5 Best and Worst real estate markets. In the article they discuss the consequences to tenants for breaking a lease in order to buy. It's worth a look! Just click on the link above.