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- "Fiscal cliff" could add $3,700 to 26 million households' tax bill
Millions of middle-class U.S. taxpayers will face an average $3,700 tax increase from the alternative minimum tax if the "fiscal cliff" is not averted. Because the 26 million middle-income households affected have never had to pay this tax, most are unaware of its likely effect on them when they pay their federal income taxes, Lori Montgomery writes. The Washington Post
(11/4)     
| Capital Markets | | |
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- Case: October was a soft month for REITs
October was a soft month for REITs, even though they outperformed the broader stock market, says
Brad Case, NAREIT's senior vice president of research and industry information. The broader stock market lost close to 2%, while REITs lost one-third of a percent. "A large part of what happened during the month was an increase in uncertainty about what's going to happen on Election Day, both in respect to the White House and with respect to the Senate and other races," he says. REIT.com
(11/2)
- Investors pile money back into U.S. equities
U.S. stock funds pulled in $1.06 billion in the week that ended Wednesday. It marked the first time since mid-September -- when the Federal Reserve said it would buy mortgage-backed securities -- that money going in exceeded money coming out. The inflow came partly from money market funds, which recorded $28.4 billion in outflow, the most since June. Reuters
(11/2)
| Real Estate Marketplace | | |
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- Multifamily growth slows but remains solid, NMHC reports
Growth in apartment occupancy rates and rents is starting to slow, according to the National Multi Housing Council's quarterly survey. The number of respondents reporting tighter rental markets dropped by 25%. NMHC says the market is still strong, however. "Even after nearly three years of recovery, apartment markets around the country remain strong as more report tightening conditions than not," NMHC Chief Economist Mark Obrinsky said. REIT.com
(11/2)
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