A final draft of highly contentious joint Republican tax reform legislation was finalized Thursday evening and locked into place Friday afternoon, clearing the way for a floor vote in the House that could happen as early as Tuesday afternoon, Congressional leaders confirmed. Read the summary points here and the full text of the bill here. “I’m […]
Stay updated with our latest coverage on the Republican tax reform legislation that has the industry buzzing. Republicans finalize tax reform bill for vote next week Deal reached on tax reform Here’s how NAR wants to fix tax reform These U.S. counties rely on real estate tax breaks the most Senate passes tax reform bill […]
Securities regulator Joseph Borg caused a firestorm of warnings when, earlier this week, he told CNBC that people were taking out mortgages to buy bitcoin. “We’ve seen mortgages being taken out to buy bitcoin. Yes, sure,” Borg said to disbelieving anchors Monday. “People borrow money. People do credit cards, equity lines.” CNBC’s hosts couldn’t believe […]
Inman reported earlier this week that there was a big discrepancy in stakeholders’ expectations of Upstream, the tech platform conceived to give agents and brokers more control over property data, which is 18 months behind its original schedule. Several board members of the National Association of Realtors (NAR) told Inman that they believed Upstream availability […]
Trulia looked at the top 100 largest U.S. markets and chose the top 10 that are poised for growth in 2018 based on: Strong job growth over the past year — prosperity and opportunity Low vacancy rates — supply doesn’t exceed demand High starter home affordability — first-time buyers have a chance to purchase a […]
San Diego-based real estate agent Lauren Taylor, a Realtor with Big Block Realty and a proud Navy wife, serves a special homebuyer niche — military families relocating to Southern California who must find a home at a moment’s notice. The challenge of helping her clients view a large number of homes in a short amount of time […]
Sticking to a script that economists and real estate analysts had long anticipated, outgoing Federal Reserve Chairwoman Janet Yellen on Thursday announced a modest benchmark interest rate hike of between 1.25 percent and 1.50 percent, a move widely perceived as a reflection of confidence in the U.S. economy. The 25 basis point hike, announced at […]
As expected, the Fed raised the overnight cost of money by 0.25 percent to a band of 1.25 percent-1.50 percent. Movement of the Fed rate — up or down — can put pressure on mortgage interest rates, which often follow the lead of the 10-year Treasury note aka the “long bond.” The immediate response in […]
Since 2012, when inventories of active listings started to decline on a national level, supplies of homes for sale have fallen 24 percent. Year-over-year inventories have fallen for 29 consecutive months. Shortages have inflated prices by 48 percent since 2011, limited choices for buyers and made homeownership too expensive for thousands of first-time and middle […]
They say a home will sell if the price is right. What if that price is (a volatile) 250 bitcoin? Realtors listing a luxury oceanfront home on the market for nine months in Clearwater Beach, Florida, are putting that question to the test. Buyers interested in the Belleair Shores property can now pay with the […]
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