What’s New

Gallup Poll: Real Estate Is the Best Investment

Investment

Americans ranked real estate as the best long-term investment, even over stocks and gold, according to a recent Gallup Poll of about 1,000 U.S. adults. Real estate has been the top investment choice for the past two years, and it’s lead is increasing over four other popular investment choices. Thirty-five percent of Americans selected real estate as their top investment …

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What to Do When a Home Won’t Sell

Home for sale

Who isn’t frustrated by a listing that generates little or no buyer interest after months on the market? As your clients grow impatient, your relationship with them becomes tense. You, perhaps counting on the sale, begin to see your commission evaporating. Worse, you feel your reputation as a professional is on the line. The best way to avoid this predicament …

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HUD Kicks Off Fair Housing Month with Media Campaign

The U.S. Department of Housing and Urban Development (HUD) today kicked off Fair Housing Month 2016 with the launch of a new national media campaign that helps the public to envision what communities with shared opportunity for all might look like. The new campaign is designed to further educate the public about their housing rights and the ideals behind HUD’s …

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How Scammers Hack Into Your Transactions

Voice of Real Estate Video

Scammers hacking into the email of a real estate agent or lender to pilfer closing funds has become such a big concern that the Federal Trade Commission worked with NAR to post an alert about it on its website. The alert outlines the typical way a scam works. First, the scammer hacks into the email of someone involved in the …

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A Look Inside the Ranch Home Revival

One-story ranch houses, once overlooked in favor of two-story homes, are back in buyers’ good graces. In fact, single-story homes are becoming so coveted in some markets that it’s prompted bidding wars for limited supplies, The Orange County Register reports. Read more: Put the Cool Back in Ranch-Style Homes “You see this cycle,” says Alan Hess, an architect and author …

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First-Time Buyers Bypass the Starter House

First time buyers

Seventy-five percent of first-time buyers say they prefer to not purchase a starter home and instead want to purchase a home that will meet their future needs, according to the Bank of America Homebuyer Insights Report. Seventy-six percent of first-time buyers say they want to buy a home for emotional reasons, such as a desire to call a place their …

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6 Ways to Explain Low Inventory

Everywhere you turn, there’s a new story about how the lack of homes on the market is driving up prices and driving buyers crazy. But what’s the reason behind this trend? There are a number of factors, according to a recent article at Real Estate Economy Watch. Make sure you understand the logic behind the market, so you can be …

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FTC Warns of Phishing Scam; Boost Your Security, Warn Clients

On March 18 the FTC Consumer Blog issued a post focused on hackers who have been breaking into some consumers’ and real estate professionals’ email accounts to get information about upcoming real estate transactions. After figuring out the closing dates, the hacker sends an email to the buyer, posing as the real estate professional or title company. The bogus email …

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The Voice for Real Estate: Clean Water Act, Condos

The Corps of Engineers says that pond on your property is a wetlands. Can you sue if you disagree? The U.S. Supreme Court plans to look at whether you can sue the federal government if it makes you get a permit under the Clean water Act before it’s even clear whether your property has a wetlands on it. NAR believes …

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Internet Tax, Photo Copyright and Contract Signing Numbers

Ten states today levy what are known as Internet access taxes. That might come as a surprise to many people, since the taxes are largely invisible. They’re levied on companies like Verizon and Comcast, the Internet service providers (ISP) that manage the infrastructure through which Internet traffic flows. These companies pass the taxes on to consumers in the form of …

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Why Your Home Buyers Really Need to Hurry

Home buyers are expected to outnumber home sellers this spring, which likely will drive up asking prices, Lawrence Yun, the chief economist for the National Association of REALTORS®, told The Wall Street Journal. “Given that prices are rising, more people will be pushed on the borderline of conventional mortgage limits and may need a large down payment or a jumbo …

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IRS Requirements for Listing Brokers

The Internal Revenue Service (“IRS”) requires that listing brokers who pay a cooperative commission in excess of $600 to an individual who is not their employee must complete a Form 1099-MISC. While this is not a new law, it has come to NAR’s attention that not all real estate professionals are aware of this requirement. Below is a brief description …

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