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There’s been confusion since the big tax law was enacted over the deductibility of interest on home equity loans. NAR has been saying that the interest is still deductible for the part of the loan that’s used for home repairs, renovations, and additions. And that’s the correct interpretation, according to the IRS. The agency confirmed… Continue Reading Yes, Interest on Home Equity Loans is Still Deductible
Article Submitted by Fixr.com Before you’re able to successfully stage a home for sale, you need to understand your target audience, and the kinds of things they’re looking for in a home. Home buyers today are much more savvy than previous generations; they know what they want, and they’re willing to wait to get it. In… Continue Reading 2018 Home Trends to Guide Your Staging
Design, Olympics, School Buildings, Cleaning, Instant Pots, and Home Buying. Want to take your home to the next level? Try out some of these innovative hidden spaces but, you may want to think twice about where you’re hiding your valuables… The Simpsons has a record of predicting events that eventually become true – this past Saturday… Continue Reading What We’re Reading: February 26 – March 2
Following is a statement from National Association of Realtors® Chief Economist Lawrence Yun on the proposal to impose tariffs on steel and aluminum and the potential impact on residential real estate: “International trade requires reciprocal understanding of mutual interests. Trade has to be fair and intellectual property rights have to be respected on both sides. Still, the proposed… Continue Reading Aluminum, steel tariffs impact on residential real estate
NAR released a summary of pending home sales data showing that January’s pending home sales pace was down 4.7 percent last month and down 3.8 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data… Continue Reading January 2018 Pending Home Sales
Despite stronger buyer interest in most of the country, extremely tight inventory conditions and weakening affordability caused both existing-home sales and pending sales to decline in January. Watch below or visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from the National Association of Realtors® summarizing how the housing market performed in January, as well as… Continue Reading WATCH: Realtors® February Housing Minute
In a monthly survey of REALTORS®, the survey asks, “Compared to the original listing price, at how much of a net discount or net premium did the property sell?” According to a survey of REALTORS® who responded to the January 2018 REALTORS® Confidence Index Survey, 34 percent of properties that closed in January 2018 sold… Continue Reading More Properties Were Sold At or Above List Price in January 2018
The following is a submitted Letter to the Editor by NAR President Elizabeth Mendenhall addressing the highly debatable claim made last week by a USA Today guest columnist that homeownership is a lousy investment. This letter to the editor in support of homeownership was published in today’s print edition of USA Today: (Click image to… Continue Reading NAR President Elizabeth Mendenhall to USA Today: Homeownership Is a Good Financial Investment
After finding a REALTOR®, being pre-approved for a mortgage is one of the most critical steps potential homebuyers should complete. This is essentially an assurance from a lender that the buyer is qualified to borrow up to a specific amount of money at a particular interest rate. It makes the buyer look more serious to… Continue Reading Story Ideas: Getting Pre-approved for a Mortgage
In a monthly survey of REALTORS®, the survey asks “Think of your most recent sales contract in the past 3 months that was either closed or terminated. Please explain how the deal concluded.” The responses indicate that more contracts are being settle on time. Of the REALTORS® who responded to the January 2018 REALTORS® Confidence… Continue Reading Fewer Contract Settlement Delays Related to Appraisal Issues