Don’t touch this?

A post of interest this afternoon at The Wall Street Journal cites several provisions in yesterday’s budget deal favorable to the U.S. housing market:

  1. Tax relief for underwater homeowners selling their properties in “short sales” was extended for another year
  2. Tax deduction for mortgage-insurance premiums, which had expired at the end of 2011, was restored
  3. Mortgage-interest tax break was not capped.

Full story here.

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