Our clients are always asking questions such as “has the Florida market hit rock bottom?” or “When is the right time to purchase?” Recently published data may be suggesting that prices have hit their lowest point in Florida. For clients considering buying in the U.S. the article below may be a great read to keep up to date with the housing and economic trends. Consulting with a cross border specialist with this information in hand may be the winning formula to ensure that you buy at the right time and have all the proper planning in place.

South Florida home prices up 4.4% from a year ago

MARTHA BRANNIGAN
The Miami Herald
August 28, 2012

According to a closely watched index, South Florida home prices rose 4.4 percent in June from a year earlier, as national numbers turned positive again, bolstering evidence housing is recovering. Read the rest of this entry »

Due to the continuing uncertainty regarding U.S. estate tax rules for Canadians who pass away owning U.S. real estate in their names personally, you may find interesting the below article published in The New York Times on August 1, 2012.

The House approved a one-year extension to the Bush-era tax cuts but it is unlikely that the Senate will agree. Is this not the crux of the economic problems in the U.S.? That is political stalemate so that nothing gets done.

House Approves One-Year Extension of the Bush-Era Tax Cuts

JONATHAN WEISMAN
The New York Times
August 1, 2012

WASHINGTON — The House on Wednesday easily approved a one-year extension of all the Bush-era tax cuts set to expire in January, but in the Senate, presidential politics are complicating efforts to extend a tax credit for wind power. Read the rest of this entry »