What’s New

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 …

Read More »

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 …

Read More »

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 …

Read More »

The Main Motivators Pushing Home Buyers

One in four home buyers say they want to buy a home because their rent is too high, according to a new survey by the brokerage Redfin of 750 home purchasers. The number of home buyers citing high rents as a main motivation to buy is rising – up from one in eight last August. Still, affordability remains the chief …

Read More »

Home Loan Caps Could Go Away For Veterans

An effort is gaining ground to let veterans using federally backed, zero-down financing buy their home without having to worry about loan caps. Right now, VA loans are capped based on market area. That makes it hard for veterans to buy a home that costs more than $417,000. That amount goes far in many markets, but there are also markets …

Read More »

Expect a Strong Spring Housing Market

Recent housing and economic reports predict we’ll see solid spring home sales, according to Jonathan Smoke, realtor.com®’s chief economist. Here are some signs: On jobs: “Job creation — arguably the most important factor in housing demand — is moving apace,” Smoke notes. In January, 151,000 jobs were created and unemployment is near 10-year lows. Smoke predicts that the latest employment …

Read More »

Remind Clients to Check CO Detectors

The winter is the peak time for carbon monoxide exposures, since the cold weather means homes are often sealed up tight. Carbon monoxide gases result from the burning of wood, natural gas, oil, and kerosene. It is odorless and colorless, which means home owners wouldn’t know its presence unless they had a detector to alert them to when levels get …

Read More »

Build a Real Estate Business, Not a Job

Let me ask you a question: Do you want real estate to be the only job you have for the rest of your life? For some, the answer might be “yes.” For me, the answer is easy: “No.” I don’t want real estate to simply be my job; I want to operate a real estate business. If you share in …

Read More »

Save Money on Car Insurance: Own a Home

A new study finds that auto insurance is higher for renters than home owners. A study by the nonprofit Consumer Federation of America finds that major auto insurance companies charge good drivers up to 47 percent more for basic liability auto insurance if they don’t own a home. Premiums averaged 7 percent higher — about $112 more per year — …

Read More »

Home Ownership Rate Makes Gains

The home ownership rate was on the rise for the second consecutive quarter as an improving job market and a slight easing in access to credit helped put an end to nearly two years of declines. The share of Americans who own their homes was 63.8 percent in the fourth quarter, which is up from 63.7 percent in the previous …

Read More »

The Next Wave of Digital Marketing Evolution

According to an article published in RealtorMag.com, being on the forefront of technology trends helps gain an edge in the marketplace. The article, titled “4 Digital Marketing Trends to Watch in 2016”, references a Forbes.com report where SEO and online expert, Jayson DeMers, pinpoints evolving digital marketing trends that will really begin to have an impact this year: The domination …

Read More »