Reports in SC and USA of real estate scams. Vacant land (fake seller) listing and sale scam (typical parameters): 1. The Licensee gets a cold email from a distant seller wanting to list and sell vacant land. 2. The transaction is conducted via the internet. 3. The closing attorney wires proceeds to the fake seller.… Continue Reading Scams TGTBT Vacant Land (fake seller) Scams
The 2022 Profile of Home Buyers & Sellers: 11 Takeaways The housing market shifted from a low-interest rate, low-inventory with bidding wars to a higher interest rate but still low inventory environment. By: Jessica Lautz Working With Buyers, First-Time Homebuyers, Working With Sellers Powered by WPeMatico
Instant Reaction: Jobs, November 4, 2022 Job gains in October saw 261,000 additional people receiving W-2 statement salaries; there are almost one million more workers now vs. pre-pandemic. By: Lawrence Yun Powered by WPeMatico
Instant Reaction: Fed Funds Rate, November 2, 2022 Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly. By: Lawrence Yun Powered by WPeMatico
Instant Reaction: Mortgage Rates, November 3, 2022 The 30-year fixed mortgage rate fell to 6.95% from 7.08% the previous week and seems to have already priced in the Fed's higher interest rates. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
September 2022 Pending Sales Fall as Rates Rise September's pending home sales pace weakened 10.2% last month and fell 31.0% from a year ago. By: Michael Hyman Powered by WPeMatico
6 Things Home Stagers Wish RE Pros Knew About Staging November is Home Staging Awareness Month, and home stagers are setting the record straight about their services. Staging Powered by WPeMatico
A Clear Trend: Multifamily Construction Is on the Rise Data shows that there are more multifamily than single-family units under construction. By: Nadia Evangelou Multifamily Properties, Rental Properties Powered by WPeMatico
https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/first-amendment-argument-wins-the-day Posted by: Byron King on 10/27/22 (This information is only accurate as of 10/27/22. You must contact SCR for updates and changes to this information after 10/27/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading NAR Update on Oregon Buyer Love Letter Trial/Appeals…Can do, but discuss fair housing risks
6% owners should file in January to gain a tax break (e.g., 25% valuation discount). Forget? Forgot? File in the next January. January is a government administration requirement for this issue. Many counties have the application form on their website. It may be tricky to find. Please alert all your 6% clients to this potential… Continue Reading Potential Tax Break for 6% property owners/investors…File in January’s