Seattle imposes $275 ‘head tax’ to combat homelessness

Real estate agents and brokers are not tossing their hats in the air this week with the news that the city of Seattle is adding a tax to large businesses of $275 per full-time worker per year to help combat homelessness, which is a big problem in the city.

Here’s why new home construction is down so much

Michael Neal, an analyst with the National Association of Home Builders, estimated that only about 890,000 single-family homes will be built in 2018 — nearly 1 million short of annual growth projections by the U.S. Census Bureau, which includes migrat…

Real estate victories in budget deal: extended flood insurance, tax credits

A half dozen tax credits thought to be in danger of extinction were extended retroactively for the 2017 tax year, many of them boons for first-time homebuyers and homeowners facing foreclosure …

How the budget deal will impact real estate

At least one economist predicted those domestic spending initiatives would offer limited benefits to the real estate industry and housing market. …

Low inventory will be huge challenge to home sales in 2018

With inventory still treacherously low across the United States, economists and real estate analysts told Inman News that bouncing back to a 50-year average rate of 1.5 million new units remains a challenge worth fighting for in 2018. Indeed, real esta…

Low inventory will be huge challenge to home sales in 2018

With inventory still treacherously low across the United States, economists and real estate analysts told Inman News that bouncing back to a 50-year average rate of 1.5 million new units remains a challenge worth fighting for in 2018. Indeed, real esta…

8 experts predict what the 2018 housing market has in store

The 2018 housing market is poised for slow and steady gains — and perhaps a little more balance — but won’t be without its challenges, say a panel of experts who shared their insights with Inman …

6 predictions for the 2018 housing market and economy

It’s the time of the year when I look deep into my crystal ball to see what’s on the horizon for the upcoming year. As we are all aware, 2017 has been a stellar year for housing across the country, but can we expect that to continue …

Housing industry welcomes Jerome Powell, Trump’s Fed Chair nominee

President Donald Trump Thursday named former Carlyle Group partner and consummate Wall Street insider Jerome “Jay” Powell as chairman of the Fed, a move real estate professionals roundly cheered, calling the decision “the best possible choice” for the currently buoyant housing market …

Why aren’t homebuilders building more homes?

Housing markets all across the U.S. are suffering from serious shortages of homes for sale, and this isn’t expected to change in the foreseeable future. When I think about inventory levels and the fact that demand is clearly outstripping supply, it makes me question why homebuilders aren’t stepping up to the plate to meet all this pent-up demand …