Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to stand pat on raising short-term rates: “Today’s FOMC decision is only a short-term, temporary pause. With no change in monetary policy, mortgage rates look to remain within the narrow band of 4.0% to 4.5% for the foreseeable future.… Continue Reading Instant Reaction: Lawrence Yun on Today’s FOMC Announcement
When the White House released its plan for tax reform on April 26, Realtors® raised strong concerns that it would nullify the mortgage interest deduction and eliminate important other deductions that incentivize homeownership. As news continues to trickle out about the plan, the National Association of Realtors® is taking steps to make sure its members… Continue Reading VIDEO: What You Need to Know About the White House Tax Plan
The tax plan released by the Trump Administration earlier this week puts the real estate industry at the center of the debate over how to make the country’s tax code simpler, fairer, and better at generating economic growth in the United States. For that reason, it’s important for real estate professionals to dig below the… Continue Reading Tax Plan Could Hurt Homeowners
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among REALTORS® who responded to the March 2017 survey, the median expected home price change in the… Continue Reading REALTORS®’ Expect Continued Home Price Growth in Most States in the Next 12 Months
Point State Park in downtown Pittsburgh.Credit: Meg White/REALTOR® Magazine The real estate professionals who’ve established themselves as community advocates and local economic experts are often the more successful ones in any given market. But how did they get there? One organization that can point the way is the National Main Street Center, an independent subsidiary… Continue Reading 3 Ways to Promote Your Town
By Melissa Dittmann Tracey, REALTOR® Magazine Vinyl can get a bad rap. Often it’s confused with linoleum and conjures up memories of outdated, cheap 1980s flooring rolled out in sheets. But lately, vinyl is showing itself as anything but “cheap” looking. It can be laid out in planks, tiles, and sheets and it’s getting some… Continue Reading Vinyl Flooring Is Stealing the Spotlight
WASHINGTON (April 28, 2017) — The Trump administration today announced the nomination of Pam Patenaude as deputy secretary. Following is a statement from NAR President William E. Brown on the nomination: “The National Association of Realtors® commends the Trump administration for its nomination of Pam Patenaude for the position of deputy secretary. “Pam’s extensive and… Continue Reading Realtors® Support Pam Patenaude Nomination for HUD Deputy Secretary
NAR released a summary of pending home sales data showing that March’s pending home sales pace slowed 0.8 percent from last month and are modestly up 0.8 percent from a year ago. Pending sales are homes that have a signed contract to purchase on them but have yet to close. They tend to lead Existing… Continue Reading March 2017 Pending Home Sales
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members, “What are your expectations for the housing market over the next six months compared to the current state of the market in the neighborhood(s) or area(s) where you make most of your sales?” With spring and summer rolling in, the REALTORS®… Continue Reading REALTORS® Continue to Expect “Strong” Market Conditions in the Next Six Months
Happy Arbor Day! If you are planning to celebrate in the true spirit of the holiday, you should be heading outside to plant a tree. However, while all trees have their benefits, not all trees are going to be a benefit to your home or neighborhood. Here are some trees you should NEVER plant in… Continue Reading Plant a Tree on Arbor Day, Just Not One of These!