Choosing the Right Moving Supplies…

Moving-SuppliesWhen it’s time to move, you want to be sure that all of your possessions not only make it from point A to point B, but that they also arrive safe and sound.  There’s nothing worse than arriving at your new home or place of business to find that some of your belongings were either damaged or lost during the move.

One way to avoid loss or damage is to use the right supplies when packing and preparing for the move.  Choosing the right moving supplies will ensure your items are packed correctly and make it to their destination in one piece. Here is a list of some of the essential moving supplies you should have for your next move:

Boxes – Big, Small and Plenty

Having boxes on hand during your move always prepares you for success.  Boxes are the go-to method for packing almost anything. They help keep your possessions organized and offer a layer of protection to prevent damage.

A common mistake when it comes to buying or renting moving boxes is to only get one size of boxes. It’s a good idea to get boxes in different sizes based on what it is you are moving.  While large boxes can hold quite a bit, they are not always practical for smaller items. You also don’t want to load boxes so heavy that they can’t be lifted or come apart during the move. Be sure to give yourself some choices when it comes to box size.

Remember to have plenty of boxes on hand as you begin to sort and pack before your move. You’re better off having a few unused boxes at the end rather than trying to cram too much in because you don’t have enough.

Dish Packs

Some of the items you will be moving are much more fragile than others. Using the right packing supplies can make a huge difference in making sure those fragile belongings arrive safely and undamaged. Dishes, for example, should be packed with care, wrapped in paper or cloth and placed in dish pack boxes. Packing dishes in this type of box adds additional protection and keeps your valuables secure. A dish pack is perfect for moving fragile items such as fine china, crystal stemware, porcelain figurines or antiques to name a few.

Strong Tape

As you finish packing your boxes up, you’ll want to be sure to use good strong packing tape to keep your boxes closed. When choosing tape, find tape that is specifically made for packing and moving. Using cheap tape or tape that can be easily broken might result in boxes spilling open during the move, which could lead to broken or lost items. Don’t chance it! Pay the extra for good strong tape that you can rely on.

Blankets and Saran Wrap

If you’ve ever watched a professional moving company work before, you’ve probably seen them use both blankets and saran wrap to protect furniture and secure other items into moving trucks. These are very important moving supplies that help keep your possessions safe from start to finish.  As you begin to pack up your belongings, keep a pile of blankets out to use when you start to load your moving truck. You might want to stop by a local hardware store or moving company to pick up a roll of saran wrap as well.

Article written by Wendy Cracchiolo at “Get Your Move On” She can be reached at wendy@getyourmoveonllc.com

 

Market Update Through July 3, 2014

Here is the Market Update through July 3rd, 2014. Please note that the Valley Wide graph represents all of the MLS. The table below that graph just represents recordings for new and re-sales for Maricopa County.

Because there are less swings in the Market we have decided to update you once per quarter. This is through June and the next market update will be through September!

We also offer a Market Update Book for you to use at listing appointments, at Open Houses or with Buyers. They are printed in full color!!! Just let any of our Business Development Mangers know how many you would like and we will bring them by your office. This will be Volume 2 2014.

Tip: These are great to use when managing your clients expectations. Point out the absorption rate by area to let them know how fast things are selling!

The Comments are:

Active Listings and Sales:Total active listings, (with no UCB/AWC) have gone down by 896 units over the last month. As of July 3rd we sit at 24,388 actives all property types. Sales are at 7389 for the last 30 days (July 3rd), up by 177 units from one month ago! We are currently sitting at a 3.3 months of supply, (based on Active listings with no UCB/AWC). Pending sales are down from the month before as of July 3rd, 6481 vs. one month ago at 7082. Traditionally, 3-4 months of supply indicate a balanced market. June re-sales and new sales in Maricopa County were 7855. In May 2014 they were 8208 . June 2013 was 8512 this is an 8% decrease in year over year.

Absorption rate: Absorption rate is the % of sales that are sold each month of the inventory. A higher percent means that inventory is moving at a faster rate, and thus is a Seller’s market. Certain areas of town have very high absorption rates, they are:

Northwest Valley 38%
Peoria and Glendale 33%
Apache Junction 32%
Desert Ridge 30%
Median Price: The median price in Maricopa County for June 2014 was $209,000 in May 2014 it was $202,000. In June of 2013 it was $193,085 for a 5% increase!!!! In June 2007 it was $257,000 and in June 2001 it was $142,000!

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 4% of the closings for the last month. Distressed Sales (Short Sales and REOs combined) accounted for 10% of the total sales for in the last month. REO property sales equal to 6% of the sales for the last month. Normal non-distressed sales are now 90% of the total!!!!!

The last graph gives you the average dollar per square foot of solds by month on a line chart going back one year. Prices have risen by 35% since June of 2012!

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment. There was a 9% absorption rate for the last month. There were 118 properties in all of the MLS were sold for more than $1.0 million.

Please click on the link below to take you to the Graphs. You can save/print/email them from there! Use these with all of your clients, as a news letter and at open houses! Everyone wants to know what is happening in Real Estate – Be the authority!! Remember that you can always go to www.eta-az.com and click on Sales and Marketing then Market Update for this info as well!

Equity Title has great marketing tools and programs to help you get more business – call any of our Business Development Managers to set up an appointment!

MONTHS OF SUPPLY (with AWC/UCB listings) (Single Family Only)

East Valley: 3.0

Northwest: 2.6

Paradise Valley: 8.6

Luxury ($1mil+): 11.3

Southwest: 4.1

Peoria/Glendale: 3.1

Camelback Corridor: 4.2

Cave Creek: 5.0

Ahwatukee: 3.7

Scottsdale: 4.7

Apache Junction: 3.1

Fountain Hills: 6.7

Buckeye: 3.5

Desert Ridge & Tatum Corridor: 3.4

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Market Update Through March 10, 2014

Here is the Market Update through March 10th, 2014. Please note that the Valley Wide graph represents all of the MLS. The table below that graph just represents recordings for new and re-sales for Maricopa County.

Because there are less swings in the Market we have decided to update you once per quarter. This is March and the next market update will be in June!

We also offer a Market Update Book for you to use at listing appointments, at Open Houses or with Buyers. They are printed in full color!!! Just let me know how many you would like and I will bring them by your office. This will be Volume 2 2014.

Tip: These are great to use when managing your clients expectations. Point out the absorption rate by area to let them know how fast things are selling!

Comments:

Active Listings and Sales:Total active listings, (with no UCB/AWC) have gone up by 599 units over the last month. As of March 10th we sit at 26,797 actives all property types. Sales are at 5708 for the last 30 days (March 10th), up by 811 units from one month ago! We are currently sitting at a 4.7 months of supply, (based on Active listings with no UCB/AWC). Pending sales are up from the month before as of March 10th, 5708 vs. one month ago at 4897. Traditionally, 3-4 months of supply indicate a balanced market. February re-sales and new sales in Maricopa County were 6029. In January 2014 they were 5741 . February 2013 was 7,073 this is an 15% decrease in year over year.

Absorption rate: Absorption rate is the % of sales that are sold each month of the inventory. A higher percent means that inventory is moving at a fast rate, and thus is a Seller’s market. Certain areas of town have very high absorption rates, they are:

East Valley 24%
Northwest 23%
Apache Junction 25%
Desert Ridge 25%
Median Price: The median price in Maricopa County for February 2014 was $194,000 in January 2014 it was $194,950. In February of 2013 it was $173,339 for a 12% increase!!!! In February 2007 it was $259,087 and in February 2001 it was $139,000!

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 5% of the closings for the last month. Distressed Sales (Short Sales and REOs combined) accounted for 13% of the total sales for in the last month. REO property sales equal to 8% of the sales for the last month. Normal non-distressed sales are now 87% of the total!!!!!

The last graph gives you the average dollar per square foot of solds by month on a line chart going back one year. Prices have risen by 40% since January of 2012!

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment. There was a 5% absorption rate for the last month. There were 87 properties in all of the MLS were sold for more than $1.0 million.

Please click on the link below to take you to the Graphs. You can save/print/email them from there! Use these with all of your clients, as a news letter and at open houses! Everyone wants to know what is happening in Real Estate – Be the authority!! Remember that you can always go to www.eta-az.com and click on Sales and Marketing then Market Update for this info as well!

Equity Title has great marketing tools and programs to help you get more business – call me to set up an appointment!

Click Here for the Graphs

MONTHS OF SUPPLY (with AWC/UCB listings) (Single Family Only)

East Valley: 4.2

Northwest: 4.3

Paradise Valley: 12.1

Luxury ($1mil+): 19.1

Southwest: 4.9

Peoria/Glendale: 4.5

Camelback Corridor: 5.9

Cave Creek: 9.6

Ahwatukee: 4.6

Scottsdale: 8.1

Apache Junction: 4.0

Fountain Hills: 8.1

Buckeye: 5.9

Desert Ridge & Tatum Corridor: 4.0

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Market Update Through September 8, 2013

Inventory (All Areas & Types in MLS): Total active listings (without AWCs/U,CBs) have increased by 1854 units in the last month. As of September 8th, we sit at 18,746 Actives for All Property Types. Sales are at 6885 for the last 30 days (as of September 8th), down by 1348 units from one month ago! Pending Sales are down from the month before – as of September 8t, there are 7,443 Pending vs. 9,047 Pending one month ago. We are currently sitting at a 2.7 months of supply (based on Active without AWC/UCB). Traditionally, 3-4 months of supply indicate a balanced market. Now is the time to take listings!

Absorption Rate: Absorption Rate is the percentage of Inventory that is sold each  month. A higher percentage means that inventory is moving at a fast rate and indicates a Seller’s Market. Specific areas of the valley have very high absorption rates, for example:

  • East Valley: 40%
  • Peoria/Glendale: 45%
  • Desert Ridge: 45%

Sales: In August 2013, there were 7965 Re-Sales and New Sales in Maricopa County, compared to July 2013, when there were 8744. In August 2012, there ewre 8755. That equates to a 9% decrease month-over-month and a 9% decrease year-over-year!

Prices: The Median Price for Maricopa County in August 2013 was $195,000; in July 2013 it was $198,000. This marks a 2.5% decrease! In August 2012, the Median Price was $155,000 – so we re currently at a 25% increase year-over-year! Looking back at past years Median Sales Prices: August 2007: $253,000 – but in August 2001: $140,000.

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties  that are being listed and sold. Short Sales represent 10% of the Closings for the last month for a .8 Months of Supply. Distressed Sales (Short Sales and REOs combined) accounted for 19% of the total sales for the last month. REO Sales represent 9% of the sales from last month. Normal, non-distressed sales are now 81% of the market! That is the highest it has been in 5 years!

Luxury: The Luxury Market of $1,000,000+ continues to have lowest absorption rate of any market segment, and this month, we have seen a slight dip in this market segment compared to the previous month. There was 8% absorption rate for the month of August. There were 81 properties in the MLS that were sold for more than $1,000,000 in August 2013.

Months of Supply (includes AWCs, Single-Family only)

East Valley: 2.5

Northwest Valley: 2.7

Paradise Valley: 6.1

Luxury ($1 mil+): 12.3

Southwest: 2.2

Peoria/Glendale: 2.2

Camelback Corridor: 3.4

Cave Creek: 4.1

Ahwatukee: 2.9

Scottsdale: 4.4

Apache Junction: 3.6

Fountain Hills: 5.2

Buckeye: 3.1

Desert Ridge & Tatum Corridor: 2.2

 

Market Update Through June 2013

Here is the Market Update through June, 2013. Please note that the Valley Wide graph represents all of the MLS. The table below that graph just represents recordings for new and re-sales for Maricopa County.

We have decided to put these graphs into a Market Update Book for you to use at listing appointments, at Open Houses or with Buyers. They are printed in full color!!! Just let me know how many you would like and I will bring them by your office. This will be Volume 5 2013.

The Comments are:

Active Listings and Sales:Total active listings, (with no UCB/AWC) have gone up by 226 units over the last month. As of July 1st we sit at 15,692actives all property types. Sales are at8229 for the last 30 days (as of July 1st), down by 995 units from one month ago! We are currently sitting at a 1.9 months of supply, (based on Active listings with no UCB/AWC). Pending sales are down from the month before as of July 1st, 8,892 vs. one month ago at 9,662. Traditionally,  3-4 months of supply indicate a balanced market. Now is the time to take listings! June 2013 re-sales and new sales in Maricopa County were8512. In May 2013 they were 9703. That is a 12% decrease from month to month. June 2012 was 8394, this is a 1% increase in year over year.

Absorption rate: Absorption rate is the % of sales that are sold each month of the inventory. A higher percent means that inventory is moving at a fast rate, and thus is a Seller’s market. Certain areas of town have very high absorption rates, they are:

  • East Valley 60%
  • Northwest Valley 55%
  • Southwest Valley 62%
  • Peoria/Glendale 63%
  • Desert Ridge 67%
  • Ahwatukee 64%

Median Price: The median price in Maricopa County for June 2013 was $193,085 in May 2013 it was $190,000. This marks a 1% increase! June 2012  it was $155,000 for a 24.5%increase!!!! In June 2007 it was $257,000 and in June 2001 it was $142,000!

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 14% of the closings for the last month, and a .7 Months of Supply.  Distressed Sales (Short Sales and REOs combined) accounted for 22% of the total sales for in the last month. REO property sales equal to 8%of the sales for the last month.  Normal non-distressed sales are now 78% of the total!!!!! This is the highest it has been in 5 years!

Check out our new graph! It is the last one! Gives you the average dollar per square foot of solds by month on a line chart going back one year. Prices have risen by 54% since the bottom of the Market in August 2011!

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment. We have seen a slight increase in this market segment. There was an 9% absorption rate for the last month. There was 94 properties in all of the MLS were sold for more than $1.0 million.

MONTHS OF SUPPLY (with AWC/UCB listings) (Single Family Only)

East Valley: 1.7

Northwest: 1.8

Paradise Valley: 7.6

Luxury ($1mil+): 11.3

Southwest: 1.6

Peoria/Glendale: 1.5

Camelback Corridor: 2.1

Cave Creek: 3.4

Ahwatukee: 1.6

Scottsdale: 3.0

Apache Junction: 1.7

Fountain Hills: 4.9

Buckeye: 1.9

Desert Ridge & Tatum Corridor: 1.5

Market Update Graphs:

Foreclosure Data through end of April 2013

Here is the Foreclosure Data through the end of April 2013. You can print, post to your website, save, or email this chart to your clients!

 

Here is the take away!

1. Active Notices of trustee sale for residential properties as of the end of April 2013 were 9,194 units. Down from last month of 8,534. Down from the all time high of December ’09 of 47,606.

2. Residential Foreclosures were at their all time high in March 2010 at 5,451. Residential foreclosures were 901 last month. There was not change from March.

3. The residential REO properties are sitting at 4,114 vs. last month of 4,597. Down slightly by 483 units from last month! April of 2012 there were 6,711 REO properties, down 39%! Listed REO properties are approximately 932 units and pending are 1300. That tells us that there is approximately 1882 properties that are foreclosed but not yet on the market.

4. short Sales Represent approximately 12.4% of the total sales and REO’s are down to 10%. Normal sSales is at the highest point in the last 5 years. They represent 78% of total sales!!

5. Prices have gone up by 52% Valley Wide since the Market Low August of 2011! If you have clients who were under water in their home, it is a good time to call them! They may not be under water anymore and might want to list with YOU!

Business continues to be strong. We are in a rare opportunity to buy! Interest rates are very low and prices are still low, but rising quickly…REO properties seem to be going away as well as short sales. Please share this with your potential buyers!

Market Update through End of February 2013

Here is the Market Update through February 21st, 2013 . Please note that the Valley Wide graph representsall of the MLS. The table below that graph just represents recordings for new and re-sales for Maricopa County.  We have added a new bar to the Valley wide graph that shows what the listings are with no AWC’s in them.

Below are the comments:

Total active listings, (with no UCB/AWC) have dropped by 526 units over the last month. As of February 21st, we sit at 17,353 Actives All Property Types. Sales are at 6433 for the last 30 days (as of February 21st), up by604 units from one month ago!  We are currently sitting at a 2.7 months of supply, (based on Active listings with no UCB/AWC). Pending sales are up from the month before as of February 21st,10,860 vs one month ago at 9,280 . Traditionally,  3-4 months of supply indicate a balanced market.  Now is the time to take listings!

January 2013 re-sales and new sales in Maricopa County were 6,463 in December 2012 they were 7,531. That is a 14% decrease from month to month.  January 2012 was 6,373. That is a (1.0%) increase! The median price in Maricopa County for January 2013 was $170,000 in December 2012  it was $168,903. This marks a 1% increase! January 2012 it was $128,121for a 33% increase!!!! In January 2007 it was $261,090 and in January 2001 it was $135,000!

Distressed Market Pie Chart: This chart shows you the percentage of distressed properties that are being listed and sold. Short Sales represent 17% of the closings for the last month, and a .9 Months of Supply.  Distressed Sales (Short Sales and REOs combined) accounted for 32% of the total sales for in the last month. REO property sales equal to 15% of the sales for the last month.  Normal non-distressed sales are now 67% of the total!!!!!! The listing success rate for Short sales is 60.5% ! Don’t avoid these listings! They are closing with greater success rate!

Check out our new graph! It is the last one! Gives you the average dollar per square foot of solds by month on a line chart going back one year.

Luxury: The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment. There was a 6% absorption rate for the last month. Only 63 properties in all of the MLS were sold for more than $1.0 million.

“As Phoenix-area home prices rise more ordinary buyers find opportunities”

This fact-filled article – direct from ASU – should be shared with your buyers and sellers and at open houses. Be sure to check out the links at the end of the article for the full Housing Report and an excellent Podcast featuring Mike Orr and a summary of the market.

As Phoenix-area home prices rise more ordinary buyers find opportunities

Posted: January 10, 2013

Debbie Freeman, Debbie.Freeman@asu.edu, (480) 965-9271, Communications Manager, W. P. Carey School of Business

The latest report from Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, shows that more ordinary buyers may be getting into the Phoenix-area housing market, as investor interest wanes a bit.

More ordinary buyers are finally getting into the Phoenix-area housing market as home prices continue to rise and investors find fewer bargains to snap up. That’s according to a new report from the W. P. Carey School of Business at Arizona State University, which reveals the numbers for Maricopa and Pinal counties, as of November:

• The median single-family home price continued to rise, jumping from $157,000 in October to $162,500 in November.

• The tight housing supply grew 31 percent between September and December, but another drop may be coming in the spring.

• All-cash offers are finally on a downward trend, signaling that investor interest may be waning a bit and more ordinary buyers are able to successfully compete for homes.

Phoenix-area home prices reached a low point in September 2011, followed by a sharp rise that’s expected to continue into 2013. The median single-family home price in November was up to $162,500 from just $120,000 last November — a 35.4-percent increase. Realtors will note the average price per square foot rose 27.4 percent year-over-year. The townhouse/condo median price is up almost 43 percent, from $70,000 to $100,000.

However, according to the report’s author, Mike Orr, the market is unbalanced, with not enough homes available for the many buyers, especially at the lower end. The number of homes for sale, but not under contract, was down 7 percent year-over-year at the start of December. Specifically, the amount of bargains or “distressed supply” was down a whopping 43 percent from last year. Things started to improve this fall, with total supply up 31 percent from September to December, but Orr doesn’t see more good news coming.

“We don’t see a strong flow of new listings coming onto the market,” says Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business. “For example, short-sale listings are down about 70 percent compared to this same time last year. As the market improves, it seems many people may have decided to hang onto their homes in an effort to let values keep going up. I also anticipate another possible drop in supply this spring. Unless new-home builders can start keeping up with rising demand, we may have a chronic supply problem.”

Ordinary buyers, who usually need financing, still face multiple bids and tough competition from investors offering sellers preferred all-cash deals. In fact, almost half (48.4 percent) of the single-family-home sales under $150,000 in November were all-cash purchases. However, the percentage of homes bought by investors declined from 35.5 percent in August to 27.5 percent in November. Orr says investor activity peaked around August and is on a long-term downward trend. With the possible exception of a brief, normal holiday spike in December/January, he expects a continued drop in investor activity.

“As prices go up each month, price-sensitive buyers, such as investors, get a little less enthusiastic,” explains Orr. “Bargain hunters haven’t got much left to pick over, which is allowing more normal buyers to jump into the market before prices rise past what they can afford.”

Foreclosures are down in the market. Completed foreclosures on single-family and condo homes dropped 34 percent from November 2011 to November 2012. Foreclosure starts – homeowners receiving notice their lenders may foreclose in 90 days – went down 48 percent.

Sales activity stayed relatively level, dipping just 1 percent from November to November. The most expensive types of sales, new-home sales and regular resales, are up 32 percent and 84 percent. All types of discount sales, such as short sales and bank-owned-home sales, are down.

Almost every area of the Valley has seen prices explode over the past year, led by Pinal County, including Eloy, Arizona City and Maricopa.

Orr’s full report, including statistics, charts and a breakdown by different areas of the Valley, can be viewed athttp://wpcarey.asu.edu/finance/real-estate/upload/Full-Report-201212.pdf. A podcast with more analysis from Orr is also available fromknowWPCarey, the business school’s online resource and newsletter, at http://knowwpcarey.com/index.cfm?cid=13.

“‘Fiscal Cliff’ Bill Addresses Some Key Housing Issues”

This new article from Inman News shares this informative article sharing how the new bil will affect the housing market – including the extension of the 2007 Mortgage Debt Relief Act!

Equity Title Tip:

Get back to basics with farming! Listings are worth gold. We now have three new resources for you!

  1. Are you thinking of Selling? mini seller guide: Use if you are walking your neighborhood as a “leave item” customized with your photo, logo and contact information! Helps the client begin thinking about listing their home and why they should use a REALTOR.
  2. FSBO Guide:Walks the client through why it is difficult to sell their own house and why they need a team in place.
  3. Market Update Guide: Current Statistic Market Graphs and a synopsis of what is going on in the Market! Great for open houses, manage buyers expectations, and for listing appointments!

‘Fiscal cliff’ bill addresses some key housing issues

Battle over mortgage interest deduction still to come

By Ken Harney, Wednesday, January 2, 2013. Inman News®

When the monthlong congressional game of chicken known as the “fiscal cliff” ended late last night in the House of Representatives, housing and real estate emerged as winners on most key issues.

The Senate bill that finally passed the House by a 259-167 vote extended a number of federal tax code provisions that are important to homebuyers, sellers, builders and real estate professionals.

The bill also made permanent the Bush-era reduced tax brackets for all but the highest income earners in the country, along with a permanent “patch” to the increasingly troublesome alternative minimum tax (AMT) that threatened millions of middle-income homeowners with higher taxes.

Here’s a quick overview of what the legislation means for housing:

Mortgage Forgiveness Debt Relief extended through 2013

For huge numbers of financially distressed owners of homes with underwater mortgages, this was the biggest issue in the entire fiscal cliff debate. The mortgage debt relief provisions in the tax code, first enacted in 2007, expired at midnight Dec. 31.

Had Congress not acted, the tax code would have reverted to its pre-2007 treatment of mortgage principal reductions or cancellations by lenders, whether through loan modifications, short sales, deeds-in-lieu or foreclosures: All principal balances written off would be treated as ordinary income to the homeowners who received them.

For illustration, if a lender wrote off $100,000 of debt to facilitate a short sale, the seller would be taxed on that $100,000 at regular marginal rates, just as if he or she had earned it as salary.

A return to taxation of principal reductions would have disrupted short sales — a growing segment of the home real estate market — in 2013, and almost certainly would have encouraged more distressed owners to opt for foreclosure and bankruptcy.

Deduction of mortgage insurance premiums

The bill retroactively extended this benefit to cover all of 2012, plus continues it through 2013. Qualified borrowers who pay private mortgage insurance premiums or guarantee fees on conventional, low down payment home loans, FHA, VA and Rural Housing mortgages will be able to write off those premiums along with their mortgage interest on federal tax returns. The retroactive feature is crucial because Congress had allowed this deduction to lapse at the end of 2011. There are limitations, however: The write-off is available only to borrowers who have an adjusted gross income below $110,000.

Tax credits for energy-efficiency home improvements

This benefit provides modest tax credits of $200 to $500 for owners who install energy-efficient windows, insulation and other upgrades designed to cut energy consumption. The bill covers improvements made during 2012 and 2013.

Tax credits for new energy-efficient new houses

This allows builders and contractors to claim a $2,000 tax credit on new homes constructed in 2012 and 2013 that meet federally specified energy-conservation standards. The bill also extends credits for U.S.-based manufacturers of energy-efficient refrigerators, clothes washers and dishwashers. As with other energy-related tax provisions, this had expired last year and will now be continued through 2013.

So what’s negative in the fiscal cliff compromise bill for real estate?

Not a whole lot for homeowners who aren’t in the highest income brackets. But for those who are, there are provisions that likely will inflict some pain.

Start with marginal tax rates and capital gains. If you earn $400,000 or more as a single filer or $450,000 as a joint filer, your new marginal federal tax rate is 39.6 percent.

You also get hit with a 20 percent rate on long-term capital gains, such as those from investment real estate and home sales that rack up gains beyond the $250,000/$500,000 thresholds.

Also, the new “Obamacare” 3.8 percent surcharge on certain investment income, which went into effect Jan. 1, could raise effective rates on capital gains for upper bracket households to 23.8 percent. As a result, some investors in rental property and commercial real estate may begin looking again to Section 1031 tax-deferred exchanges to hang onto their profits.

For taxpayers in the 33 percent, 28 percent and lower marginal tax brackets, capital gains will continue to be taxed at 15 percent.

Perhaps the crucial question to ask about the new legislation is: What could have been in the fiscal cliff compromise package affecting real estate but wasn’t included? That’s easy: There are none of the “grand bargain” deduction limitations on mortgage interest and property taxes that had been proposed by tax system reform proponents.

But don’t assume those proposals are moribund. Quite to the contrary, they are likely to arise again this spring and summer, when broader scale debates over the shape of the tax code get under way. Once that process starts, watch out: Home real estate tax preferences like the “MID” will be front and center on the chopping block.

Ken Harney writes an award-winning, nationally syndicated column, “The Nation’s Housing,” and is the author of two books on real estate and mortgage finance.