In a dramatic departure from a preliminary tax reform plan unveiled earlier this year, the latest draft of what’s been dubbed the Tax Cuts and Jobs Act, authored by House Ways and Means Chairman Kevin Brady, would limit the mortgage interest deduction to new and existing loans of $500,000 and under, down from $1 million, and […]
Buoyed by strong economic growth, rising property values and low interest rates, Texas-based Keller Williams Realty announced year-over-year gains in hiring, transactions, sales volume and profits, according to a third-quarter earnings report obtained exclusively by Inman News. Sales volume climbed to $91.9 billion in the third quarter, up by $1.5 billion compared to the previous […]
A new tool from online retailer Amazon could vastly improve the flexibility of virtually staging a home on-the-spot to entice potential buyers. The latest version of the free Amazon app for iOS (iPhones and iPads) uses augmented reality (AR) technology to give Amazon customers the chance to virtually place items inside their home before committing […]
President Donald Trump Thursday named former Carlyle Group partner and consummate Wall Street insider Jerome “Jay” Powell as chair of the Fed, a move real estate professionals roundly cheered, calling the decision “the best possible choice” for the currently buoyant housing market. Expected to take a slow-but-steady approach in the vein of current chair Janet […]
In lieu of posting its third quarter earnings results, today Re/Max announced that the company is conducting an internal investigation into co-CEOs Dave Liniger and Adam Contos and looking into “allegations of wrongdoing in employment practices and conduct.” According to a release by the company: “In October 2017, the Board of Directors appointed a special […]
SAVE MY SPOT Have you ever wondered whether your property management business stands up to the competition — or what factors have helped others succeed? The National Association of Residential Property Managers (NARPM) and Buildium recently surveyed property managers nationwide to learn what’s working — and what’s not — in property management for the year […]
Staying relevant in real estate means constantly battling industry challenges — and coming out on top. Low barriers of entry, antiquated ideas and fears about technology, and unwillingness to evolve are just a few of many industry setbacks. Agents navigating their way through today’s real estate world might wonder how to stay relevant and meaningful […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, November 2 Zillow Mortgage Rate Ticker The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.75 percent, down six basis points from this time last week. The 30-year fixed mortgage rate fell throughout the […]
Bucking a state and national trend toward rising rental rates, New York City tallied its second-straight month of declines, according to Apartment List’s October rent report, released Wednesday. But don’t go signing a lease on that amenity-stuffed TriBeCa pied-à-terre just yet — the minuscule drop represents a measly $5 on the average $2,500 two-bedroom apartment. […]
The National Association of Realtors (NAR) released its latest Metropolitan Median Area Prices and Affordability report, which showed slowed sales growth in the face of skim inventory levels and hefty home prices. The median existing single-family price increased in 162 out of 177 measured markets, and only 15 markets reported lower median prices compared to Q3 […]
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SAN ANTONIO/SOUTH TEXAS AREA: Atascosa, Bandera, Bexar, Comal, Dimmit, Guadalupe, Karnes, Kendall, Kinney, La Salle, Live Oak, McMullen, Medina, Uvalde, Zavala, Zapata
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