Why would tax reform would hurt middle-class homeowners?

23 May

Herold

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Tax reform would hurt middle-class homeowners Tax reform proposals swirling around Washington, D.C., promise lower tax bills for American families, but new estimates indicate that many middle-income homeowners might actually see a tax increase if those proposals go through. The study – commissioned by the National Association of Realtors® (NAR) and prepared by PwC (PricewaterhouseCoopers)... Read more »

Do you know the two Fla. cities plan to regulate sober homes

22 May

Herold

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Two Fla. cities plan to regulate sober homes Two cities in south Palm Beach County are on their way to becoming the first cities in the state to force sober homes to tighten standards and stop settling in clusters. Delray Beach and Boynton Beach both plan to adopt regulations that would force sober homes to... Read more »

Did you know that the NAR midyear forecast: Existing sales to climb three point five percent

22 May

Herold

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NAR midyear forecast: Existing sales to climb 3.5% The multi-year stretch of robust job gains along with improving household confidence should guide existing-home sales to a decade high in 2017 – but supply and affordability headwinds coupled with modest economic growth are holding back sales and threatening to keep the nation’s homeownership rate low, according... Read more »

Why most renters should be buyers

19 May

Herold

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Most renters should be buyers Rent is so high that a typical renter in the U.S. can purchase a home nearly 50 percent more expensive than the median valued home and keep the same monthly housing budget, according to a new Zillow analysis. The median rent in the U.S. is $1,416 per month, which is... Read more »

Do you know that Average thirty year mortgage rate still above four percent

19 May

Herold

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Average 30-year mortgage rate still above 4% WASHINGTON (AP) – May 18, 2017 – Long-term U.S. mortgage rates inched lower this week. It was the fifth straight week that the benchmark 30-year rate hovered around the key threshold of 4 percent. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate home loans... Read more »

Do you know NARs Upstream project will simplify its goals

18 May

Herold

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NAR’s Upstream project simplifies its goals Brokers using the new Upstream data management tool have a new option: They will also be able to enter listing data through their MLS as well as directly into Upstream. Realtors attending the Realtors® Legislative Meetings & Trade Expo in Washington, D.C., were told about the change by UpstreamRE,... Read more »

Why does housing starts down but not single family construction

17 May

Herold

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Housing starts down – but not single-family construction Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months. Housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department reported Tuesday. That followed a 6.6... Read more »

What are the 5 tips for buyers in a tight housing market

16 May

Herold

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5 tips for buyers in a tight housing market When inventory is low, home prices tend to go up. Attempting to purchase a house in this type of market can make the already complex home-buying process even more overwhelming. To help buyers successfully get through the buying process in a tight inventory market, the National... Read more »

Did you know that foreclosures plunge to lowest level since 2005

16 May

Herold

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Foreclosures plunge to lowest level since 2005 Foreclosure filings – default notices, scheduled auctions and bank repossessions – are down 23 percent year-to-year and hit their lowest level since November 2005, according to the April 2017 U.S. Foreclosure Market report by ATTOM Data Solutions. “Foreclosure activity continued to search for a new post-recession floor in... Read more »

Are you aware of the ransom virus infecting PCs worldwide

16 May

Herold

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Ransom virus infecting PCs worldwide A massive ransomware attack is currently spreading like a tsunami around the world, hitting high profile targets like UK’s National Health Service and disabling Spain’s Telefonica carrier. The attack appears to exploit a hole patched by Microsoft in a critical update in March 2017, encrypting important data documents on PCs... Read more »