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Why Doubling the Standard Deduction Won’t Help Most Homeowners

One of the most talked-about provisions in the tax reform framework that the Trump Administration and Republican congressional leadership released a few weeks ago is the doubling of the standard deduction. Of all the changes the framework would make, this one is presented as something that will help middle-income households. And that is true, but the households that it mainly ... Read More »

Lawmakers Target Seller-Financed Homes

Seller-financed deals are increasingly coming under scrutiny. The Consumer Financial Protection Bureau is investigating some larger investors using seller financing in real estate deals, accusing some investors of abusing the practice by evicting buyers for missing just a single payment or selling homes at the end of the agreements that are in complete disrepair. Learn more: NAR’s Seller Financing Resource ... Read More »

Consumers Say This is the Ideal Down Payment

More than half of Americans say they would prefer to put 10 percent down on a home purchase rather than 15 percent, 20 percent, or 30 percent, according to mortgage banker American Financing’s 2017 Mortgages in America Survey. The 10 percent down payment option was the lowest among the choices respondents were given in the survey. It also was the ... Read More »

5 Fall Maintenance Tips to Share with Clients

The changing of the season brings several household tasks your clients should perform to keep their home safe as colder temperatures approach. Realtor.com® recently featured several chores to do for fall and winter preparation. Clean the dryer vents. Excess lint in a dryer can pose a fire risk. “A key indicator of a dryer vent needing to be cleaned is ... Read More »

Homeowners Gain Average of $13K in Equity

In the second quarter of this year, homeowners saw their equity increase an average of 10.6 percent—or $12, 987—year over year, according to CoreLogic’s Q2 2017 Homeowner Equity Report. Western states are posting some of the highest upticks in equity. Washington homeowners, for example, saw an average of $40,000 in home equity gains in that period; California homeowners saw increases ... Read More »

Housing Predictions for 2018

New homes are expected to be a “primary driver of sales in 2018,” as 1.33 million housing starts are predicted next year—up from 1.22 million in 2017, according to Freddie Mac’s September Outlook report, which gauges future real estate activity. Total home sales are expected to increase about 2 percent from 2017 to 2018, according to the report. Economists also ... Read More »

NAR Launches Public Issue Advocacy Plan Addressing Tax Reform

NAR has been actively engaged in the long-developing tax reform debate in Washington, D.C.  This update outlines NAR’s increased advocacy profile in anticipation of tax reform developments. Upcoming Congressional Actions: On Wednesday, September 27, 2017 the “Group of Six” consisting of Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, Speaker of the House Paul Ryan, Senate Finance Committee Chairman ... Read More »

NVBR 2017 ROTY Photo Gallery

Congratulations again to the recipients of the 2017 NVBR Realtor® of Distinction Awards! We hope you enjoy this photo gallery from the ROTY event, held on Sept. 19 at the Echo Center in Burlington! Click on the first image to start slideshow, or on individual images to enlarge. Read More »

Third of Agents Have Felt Unsafe on the Job

September is REALTOR® Safety Month, and data from the National Association of REALTORS®’ recently released 2017 Member Safety Report shows that 38 percent of members have experienced a situation that made them fear for their personal safety or the safety of their personal information. Common situations that caused fear included open houses, vacant and model homes, properties that were unlocked or ... Read More »

Study: Staging Could Lead to 10% Price Boost

Fifty-nine percent of real estate professionals say staging a listing contributes to receiving higher offers from buyers, according to the National Association of REALTORS®’ 2017 Profile of Home Staging. Sixty-two percent of agents also say staging “slightly” or “greatly” decreases the time a listing spends on the market. The amount of money sellers stand to gain from staging their home ... Read More »

A Sign that More Housing Inventory is Coming

Homeowners who have decided to stay put in their current properties may soon be ready for a move, helping to relieve stubbornly tight housing inventory. The evidence is in Fannie Mae’s latest Home Purchase Sentiment Index, in which the number of consumers who say now is a good time to sell a home neared an all-time high. The index—which is ... Read More »

Study: FSBOs Net ‘Significantly’ Lower Profits

For-sale-by-owners tend to sell their homes for lower prices than homes sold through traditional agents via the MLS, and in many cases below the average differential represented by the prevailing commission rate, according to a new study by Collateral Analytics. The study examined the price differences between homes sold through traditional agents versus those sold by FSBOs from 2016 to the ... Read More »

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