A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS®’ fourth-quarter Housing Opportunities and Market Experience survey.Proposed tax bills currently in the House and Senate could “undercut the incentive of owning a home and would have a detrimental effect on many homeowners’ fi
Republican lawmakers in conference committee Wednesday announced a tentative agreement on melding the House and Senate versions of tax reform into a final bill. A formal vote is expected soon. The National Association of REALTORS® is seeking changes to make the final bill less harmful to homeownership. Here’s a Q&A on what to look for over the next week or so based on a Facebook Live event NAR hosted yesterday. Participating in the live di
Image-focused social network Instagram announced that it is making hashtags more findable and followable. You’ll now be able to follow hashtags to see top posts and stories about a topic on your home page. This opens the door for real estate professionals to easily follow housing-related photos and topics and track conversations on Instagram.“Following a hashtag is just like following a friend,” Instagram explains at its blog. “To get sta
Several malls in the U.S. are getting a new owner. Mall operating giant Westfield is being acquired by Unibail-Rodamco, a commercial real estate giant based in France, in a deal valued at nearly $16 billion. The sale comes at a time when the mall sector is struggling to define itself as it competes with growing threats from online shopping.Westfield is an Australian firm that operates 33 malls across the U.S. Its mall portfolio includes New York
Minneapolis office offers clients and their guests an immersive experienceThe moment I put on the Oculus Rift headset, I felt like I was inside one of Engel & Völkers’ listings.It only took a few seconds to master and then I was free to roam the house, admiring the tray ceilings in the dining room, wandering into the cozy den, ascending the stairs and meandering through each of the spacious bedrooms.All of this unfolded in the virtual r
Two-car garages are the most popular option in new homes nationwide, according to an analysis by the National Association of Home Builders of 2016 new-home construction data.Of all the single-family homes completed last year, 63 percent of the homes featured a two-car garage, while 22 percent had a garage suitable for three or more cars. Only 6 percent of new homes were built with a one-car garage and just 1 percent had a carport. Eight percent o
For those who are full of the holiday spirit, they may find their fa-la-la-la’s in these cities.“For a city to be really attractive for the holidays, it needs to offer something for everyone—from kids to the grandparents,” says Kirsten Maxwell, founder of kidsareatrip.com, a family activities website.Realtor.com®’s research team sifted through the data of the 150 of the largest metros to identify those with the most holiday magic. T
With rising home prices, more state lawmakers are proposing legislation to help home shoppers tackle the down payment obstacle. More states this year have considered or are considering passing laws to allow for tax-saving down payment accounts to aid first-time buyers.Three states authorized such accounts this year: Iowa, Minnesota, and Mississippi. Colorado, Montana, and Virginia already have such accounts in place.The established down payme
Congress approved a two-week extension for the National Flood Insurance Program late last week, keeping the program afloat until Dec. 22, but the National Association of REALTORS® continues to push legislators to do more—and fast.Beyond December, the program may be granted another short-term extension as part of a resolution to keep the government operating. That would give lawmakers more time to pass long-term NFIP reform and reauthorization.
Following on the heels of the Federal Housing Finance Agency, the Federal Housing Administration announced that it will increase its loan limits in most areas of the country in 2018. The FHFA had announced new limits for loans eligible for purchase or guarantee by Fannie Mae and Freddie Mac on Nov. 28.In high-cost areas of the country, the FHA’s ceiling on loan limits will rise from $636,150 to $679,650, according to the Department of Housing a
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