Real Estate Round Up 12/27/17

U.S. Pending Home Sales Edge Higher in November
Jason Lange Foxbusiness.com

"The housing sector has regained some momentum recently after treading water for much of the year because of a lack of inventory which has driven up prices, and both labor and land shortages."

U.S. Home Prices Surge 6.2%, Outpacing Wage Growth
Josh Boak Detroitnews.com

Prices are rising at more than double the pace of wage growth, creating some affordability pressures that have been offset by relatively low mortgage rates.

Why Some Homeowners Are Scrambling To Prepay Their 2018 Property Taxes
Jeff Brady Npr.org

"...the new law includes a $10,000 cap on the amount of state and local taxes people can deduct on their federal returns...The change could cost some people thousands of dollars."