A high-earner would pay $88,000 less in taxes if they made a $1 million profit on their home in 2012 rather than in 2013. That considerable tax savings motivated many wealthy homeowners to move fast. According to the National Association of Realtors (NAR), sales of homes valued at $1 million or more spiked 51% in November compared with a year earlier.
Luxury home sales finished the year strong
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Industry vet launches new mortgage CE company, MLO Force
Nathan Knottingham announced the launch of a new mortgage CE provider, MLO Force, from the stage at HousingWire’s The Gathering this week.