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News

For-sale inventory increases in some metropolitan areas

The inventory of homes for sale rose slightly in March in many metropolitan areas across the nation. According to data compiled by ZipRealty, the listing inventory rose 1.1 percent in 23 metropolitan areas between February and March, after decreasing in both January and February.

Obama signs 1099 repeal into law

A new tax requirement that would have required businesses to file more 1099 paperwork was repealed last week by President Obama. The tougher requirements would have mandated companies to file a 1099 for any individual or company they do more than $600 of business with in a given year.

Majority of Americans oppose elimination of mortgage deduction

A new Gallup poll shows that about 60 percent of Americans want to keep the mortgage interest deduction as part of the federal tax code. The poll asked respondents if they would favor eliminating certain tax deductions in order to lower the overall income tax rate or to reduce the federal budget deficit.

Banks ordered to repair foreclosure processes

Bank of America, Wells Fargo, and JP Morgan Chase were among 14 financial institutions to receive penalties last week from the federal government for improper foreclosures. The banks were also ordered to revise their foreclosure procedures. Actions include having enough staff to handle the volume of foreclosures and establishing a single point of contact for borrowers.

Exterior/Replacement Business: Home Show Success

How remodelers can make the most out of home shows

Corner Office: Galaxie Construction

Investment in marketing and ability adapt helps Galaxie thrive in Chicago market

Project Spotlight: Historic restoration spans the generations

A contractor-client relationship that began in 2007 leads to a updating of a historic home in a whole-house renovation by S.D. Lohr that links 19th-century charm and 21st-century comfort.

Kitchen & Bath Design: Sink Options

The kitchen sink is the pivot point for the most important room in the house. Here are some design tips.

Product Trends: Kitchen Remodels Stay Strong

Natural finishes, mixing of traditional and contemporary lead trends in kitchen remodeling

Study: 81 percent still think home is best investment

Despite the housing bubble and subsequent crash, more than 80 percent of Americans still think buying a home is the best long-term investment a person can make. That's according to a recent Pew Research Center study, which found that 37 percent strongly agreed with that idea and 44 percent somewhat agreed with it.

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