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President Bush’s Advisory Panel on Tax Reform is considering severly reducing the mortgage interest income tax deduction in an effort find funds to balance the budget and pay off the rising deficit. This has the potential to significantly increase federal income taxes for most tax payers. Take a look at Blanche Evans article in RealtyTimes.
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There are currently 543 homes on the market in Royal Oak.
For the 543 listings:
Avg List Price $240,371.00
The Median Price $204,900.00
The Highest Price $1,489,000.00
The Lowest Price $104,900.00
The Average Market Time 80
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There are currently 79 single family homes [...]

There are currently 625 single family homes on the market in Bloomfield Hills and Bloomfield Township.
For the 625 listings:
Avg List Price $1,074,940.00
The Median Price $695,000.00
The Highest Price $14,750,000.00
The Lowest Price $13,500.00
The Average Market Time 118
There are currently 55 single family homes pending sale in Bloomfield Hills and Bloomfield Township.
For the 55 listings:
Avg List Price $748,976.00
The [...]

There are currently 558 single family homes on the market in Troy, Michigan.
For the 558 listings:
Avg List Price $348,393.00
The Median Price $299,900.00
The Highest Price $1,199,000.00
The Lowest Price $104,900.00
The Average Market Time 89
71 homes are pending sale in Troy.
For the 71 listings:
Avg List Price $344,753.00
The Median Price $299,900.00
The Highest Price $1,150,000.00
The Lowest Price $145,900.00
The Average Market [...]

There are currently 121 single family homes on the market in Beverly Hills.
For the 121 listings:
Avg List Price $390,963.00
The Median Price $328,000.00
The Highest Price $1,175,900.00
The Lowest Price $168,500.00
The Average Market Time 88
There are currently 11 homes pending sale in Beverly Hills.
For the 11 listings:
Avg List Price $422,555.00
The Median Price $337,500.00
The Highest Price $699,000.00
The Lowest Price [...]

There are currently 391 single family homes on the market in Birmingham
For the 391 listings:
Avg List Price $912,299.00
The Median Price $679,000.00
The Highest Price $8,499,000.00
The Lowest Price $155,000.00
The Average Market Time 119
27 single family homes are pending sale
For the 27 listings:
Avg List Price $511,871.00
The Median Price $475,000.00
The Highest Price $1,295,000.00
The Lowest Price $249,900.00
The Average Market Time [...]