Housing and the Senate Tax Plan: What Now?

Members of the real estate industry are responding to the passage of the Senate tax plan, which chiefly includes a 20 percent corporate tax rate—down from 35 percent—and reduced rates for families and individuals over the next seven years. The development follows the House passage of its own plan in November. Both bills challenge homeownership, […]

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House Republicans Pass Tax Bill, Real Estate Industry Continues Fight for Homeowners

After much conversation revolving around tax policy, and anticipation from the Republican Party to successfully pass tax legislation by end of year, House Republicans passed their controversial tax overhaul plan in a successful 227-205 vote. President Donald Trump visited Capitol Hill on the morning of the announcement to promote the legislation. The Senate will still […]

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‘Worst Case Housing Needs’ Rises to Over 8 Million

More than 8 million renter households were identified as having “worst case housing needs,” or burdened by rent and/or living in unsuitable conditions, in 2015, according to a recent report by the U.S. Department of Housing and Urban Development (HUD)—the second-highest share ever recorded. Those labeled “worst case” are renters with very low incomes and […]

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Like-Kind Exchanges Fuel the Economy and Job Growth

A Section 1031 like-kind exchange is a transaction where a business or investor exchanges one property—real or personal—for another of like kind. The business or investor is able to defer taxes on any gain on the exchanged property until the replacement property is ultimately sold. The provision can be used in transactions with all types […]

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Trump Administration Proposes 2018 HUD Budget

The Trump Administration on Tuesday announced its 2018 proposed budget for the U.S. Department of Housing and Urban Development (HUD), scaling back funding to the agency approximately 13 percent to $40.68 billion. The proposed budget preserves rental assistance for 4.5 million low-income households, but recommends reforms to the Housing Choice Voucher (HCV), Housing for the […]

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The Future of Small Businesses

With limited employees, capital and resources, small businesses are hit the hardest by rigorous regulations, and the expense of compliance often poses sustainable growth roadblocks for the entrepreneurs who need it most. The following months could prove especially pivotal for small business owners due to the growing possibility of new legislation and regulations. Access to […]

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Parents Are Concerned About Housing Grown Children, Survey Shows

More homeowners nationwide are finding themselves housing grown children—in fact, the share of adults who live with their parents has gone up since the 1970s. Many parents, according to findings from a new survey, are concerned about just how long their grown children will stay in the nest—and if they’ll be able to fly out […]

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Homeowners Making Improvements Despite Political Uncertainties

Homeowners are springing more for upgrades to their homes, despite unknowns that have the potential to impact their spending—a full 60 percent more than what they spent in 2016, according to a new report by HomeAdvisor. “Home improvement activity is showing resilience in the face of political shifts,” says Brad Hunter, chief economist at HomeAdvisor. […]

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Real Estate Industry Sounds Off on Trump Tax Plan

President Trump’s proposed tax plan has been met largely with disapproval from the housing industry, with several constituents concerned about a change that would double the standard deduction—and, in effect, invalidate the tax benefits of owning a home. “For roughly 75 million homeowners across the country, their home is more than just a number,” said […]

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NAR President: Reauthorize National Flood Insurance Program

The National Flood Insurance Program (NFIP) will expire in six months, on September 30. The National Association of REALTORS® (NAR) recently issued a statement by NAR President Bill Brown urging Congress to reauthorize the program: “When the NFIP expired in 2010, over 1,300 home sales were disrupted every day as a result. That’s over 40,000 […]

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