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November 2013

Found 3 blog entries for November 2013.

By Nick Caruso

The real estate market will continue its road to recovery in 2014, with home prices rising 6 percent and mortgage rates hitting 5.4 percent. In addition, demand is predicted to plateau, all according to Lawrence Yun, chief economist and senior vice president Real-Estate-percentof Research for the National Association of REALTORS®, who presented his 2014 market forecast during last week’s REALTORS® Conference and Expo.

Other factors aim to set the market back on the right path. Although there could be a possible negative impact due to rising mortgage rates, job creation and loosening underwriting standards should balance out 2014’s sales volume.

“There were two million jobs created in the past few months and we’ll see the same next year,” says Yun.

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FOR IMMEDIATE RELEASE:

Los Angeles, CA -  International luxury real estate firm, Engel & Völkers Los Angeles today announced the addition of Robert Cipolloni as Regional Director.

Cipolloni brings more than 30 years of legal, business and real estate experience and has been recognized as a top producing Broker Associate. Prior to joining Engel & Völkers, he had been with Keller Williams Realty - Hollywood Hills, Deasy/Penner & Partners in Beverly Hills and Coldwell Banker Residential Brokerage on the Sunset Strip where he was in the top 8% of the company nationwide.

“Robert brings a high level of experience and insight, as well as a true appreciation of the luxury level quality of our brand,” said Raphael Barragán, owner and president of

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<h3><i>The real estate brokers at </i><a href="http://www.portfolioaspen.com/"><i>Portfolio Aspen Properties</i></a><i> discuss the implications of Congress not extending the Mortgage Forgiveness Debt Relief Act of 2007 by the looming December 31, 2013 deadline, which will mean homeowners that short sell or grant a deed-in-lieu-of-foreclosure may also end up with a substantial tax liability.  </i></h3>
Typically, when a homeowner short sells or settles with the bank by granting the bank a deed-in-lieu-of-foreclosure, the bank agrees to accept less than the full amount of the loan in return for not having to go through the foreclosure process.  For federal income tax purposes, the difference between what is owed on the loan and the lesser amount the lender

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