Based on the new tax law, there is no change for capital gains on the sale of a home and deductibility of interest paid for a second home[1]. However, the new law[2] affects the deductibility of mortgage interest and real estate taxes: - New mortgages are capped at $750,000 for purposes of home mortgage interest… Continue Reading Metro Areas Most Affected by the New Tax Law
When it came to the YPN Lounge posts that received the most views and engagement in 2017, readers chose those that offer the most nitty-gritty business tips. These business-building articles share first-hand advice written by YPNers for YPNers. This peer-to-peer blog has been going strong since 2009, and as it enters its ninth year… Continue Reading Top 5 Blogs for Boosting Business This Year
By Mary Purcell, MoneyGeek.com Home staging has gone mainstream and is now widely used to make a home more attractive to potential buyers. According to a 2017 survey by the National Association of REALTORS®, a majority of real estate professionals believe staging increases the sale price of the home anywhere from 1 to 15 percent.… Continue Reading The Forecast: 2018 Trends in Staging
Birthdays, entertaining, travel, technology, room, insurance, design, and Christmas. So, if we don’t acknowledge a birthday, then we don’t age, right? We trust Mary Berry when it comes to all things entertaining, so heed her advice on getting people to leave after a party. Are you traveling over the next week? Here’s a guide for… Continue Reading What We’re Reading: December 18-22
In 2017, the time on market plummeted to an all-time low—at just three weeks—to sell a home. Last year, we had seen the time on market to sell a home reach a historical low at just four weeks. In the 30 years that NAR has collected the data for time on market since 1987, the… Continue Reading Drop in Time on Market to Sell a Home
The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from November 2017. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: November 2017 Highlights
An overwhelming majority of recent home buyers this year worked with a real estate agent to purchase a home at 87 percent, according to the 2017 Profile of Home Buyers and Sellers. The top benefits that buyers listed of working with a real estate agent were: First-time buyers (83 percent) were twice as likely to… Continue Reading Benefits of Working with a Real Estate Agent to Buy and Sell a Home
If the latest Star Wars movie inspired you to expand your universe to include more intergalactic adventure, the National Association of REALTORS® has some information on some of the most out-of-this-world cities in America. Powered by WPeMatico
By Melissa Dittmann Tracey, REALTOR® Magazine White has become a classy go-to color this holiday season, and it’s perfect when staging a home during the holidays. Whether it’s white table linens, holiday stockings, ornaments, or even an all-white tree, the neutral color can be a way to decorate a home for-sale during the holidays without distracting… Continue Reading White Emerges as ‘It’ Color for Holiday Staging
Stronger demand amidst lagging inventory levels caused home prices to continue accelerating in most metropolitan areas. Among 177 metropolitan areas, 92% of them experienced an increase of home prices in the third quarter of 2017. We compared the local market conditions in these areas from a year earlier and we identified which metro areas had… Continue Reading Third Quarter Winners