January 2007 - Posts

Builder Confidence Rose Two Points
30 January 07 04:25 PM | Emil Ratti | 0 Comments   

According to the National Association of Home Builders (NAHB), builder confidence rose two points in January, continuing an upward trend that began in the final quarter of 2006. The Housing Market Index (HMI) is now at its highest level since July. Derived Read More...

Filed under: Housing Outlook

Taxation Issues Exemptions to Construction Contractor Withholding Law
29 January 07 09:50 AM | Emil Ratti | 0 Comments   

Property owners will not be responsible for withholding payroll taxes from construction subcontractors and lower tier subcontractors if the primary contractor they hire provides proof of registration with the NJ Division of Revenue, according to new guidelines Read More...

Filed under: Contractors

Corzine State of the State: Act Now on Property Tax Reform
12 January 07 10:36 PM | Emil Ratti | 0 Comments   

Saying the time to act is now, Governor Jon Corzine used his first State of the State address on January 9 to prod legislators to enact comprehensive property tax reform. Corzine offered no new property tax reform proposals, but went through a long list Read More...

Filed under: Property Tax

Market Forecast
08 January 07 04:06 PM | Emil Ratti | 0 Comments   

Two recent reports measuring how consumers feel about the market are showing impressive increases. The Consumer Confidence Index and the Consumer Sentiment Report, are both up - to 109 and 136, respectively, reflecting that consumer confidence is at an Read More...

Filed under: Housing Outlook

Corzine, Legislature Reach Agreement on Property Tax Reform
05 January 07 09:40 PM | Emil Ratti | 0 Comments   

Governor Jon Corzine , Senate President Richard Codey, and Assembly Speaker Joseph Roberts on January 3 agreed to key elements of property tax reform, according to several published reports. Under the agreement, property tax credits for certain households Read More...

Filed under: Property Tax

PMI Becomes Deductible In 2007
05 January 07 04:18 PM | Emil Ratti | 0 Comments   

A new tax change that makes private mortgage insurance deductible may help some of your low- and moderate-income buyers purchase homes this year. Borrowers closing loans for home purchases in 2007, who have annual household incomes of $100,000 or less, Read More...

Filed under: Misc Tax Issuse