Monthly Archives: February 2018

Home-Building in 2017: The Winners

Ahead of the buying season, inventory issues are showing no signs of subsiding. According to the National Association of REALTORS® (NAR), existing inventory is at a 3.4-months supply, dismally down 9.5 percent from last year. New inventory is at 5.7 months, the Census reports. Although builders are confident and ground-breaking looks promising, the deficiencies persist. […]

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IRS Clarifies Home Equity Loan Tax Deductions Under New Law

This year’s tax season is bringing to light taxpayer confusion surrounding The Tax Cuts and Jobs Act of 2017, which could impact homeowners in next year’s tax filing. The IRS is taking steps to clarify what the new provisions mean for the real estate industry and homeowners. One of the most misunderstood provisions in the […]

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Hakan Karahan: Homeownership and Beyond

Vitals: HomeSmart First Advantage Realty Years in Business: 22 Size: 2 offices, 60-plus agents Region Served: South Jersey 2016 Sales Volume: Approximately $50,000,000 2016 Transactions: 600-plus www.hsfirstadvantage.com Working out of his office in Cherry Hill, N.J., Hakan Karahan, president of HomeSmart First Advantage Realty, has been enjoying the real estate life for 23 years and […]

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Bankruptcy Clarification Could Give Home-Buying Millennials Options

Student loan debt is one of the major home-buying challenges for the millennial generation. According to a survey by the National Association of REALTORS® (NAR), 83 percent of surveyed millennials said they are delaying their home-buying plans by a median of seven years in direct correlation to their student loan debt. In today’s financial landscape—even […]

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Cultivating Success With Education and Community Outreach

In the following interview, Rosey Koberlein, CEO of Long Realty Company, a member of Leading Real Estate Companies of the World® (LeadingRE) in Tucson, Ariz., discusses the advantages of the brand, education, leadership, and more. Region Served: Southern Arizona and areas of Mexico Years in Real Estate: 33 Number of Offices: 15 corporately owned and […]

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Existing-Home Sales Come Up Short

Existing-home sales came up short in January, at their lowest in more than three years, the National Association of REALTORS® (NAR) reports. Sales decreased 3.2 percent to 5.38 million, a 4.8 percent decrease from one year prior. Inventory, however, increased 4.1 percent to 1.52 million—but remains 9.5 percent lower than one year prior. “The utter […]

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Experts on Housing Less Optimistic as a Result of Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act is affecting the housing outlook, according to new research. Approximately two-fifths (41 percent) of experts in Zillow’s 2018 Q1 Home Price Expectations Survey have a less optimistic outlook as a result of the reform; 31 percent, however, are more positive. Twenty-eight percent have not amended their forecast at all. […]

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Why Your Mortgage Is Getting More Expensive

(TNS)—World events are conspiring to make it more expensive for you to borrow money to buy a house. Mortgage rates have increased for five consecutive weeks, according to Bankrate data, bringing interest on a 30-year fixed rate loan to 4.44 percent—the highest level in 11 months—while home prices continue to rise due to a lack […]

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Equity Growing in Lowest Tier: Report

Buyer demand is highest for starter supply—and entry-level homes are appreciating faster than others as a result, according to an analysis by Zillow. “When the housing market crashed, owners of the least valuable homes were especially hard hit and lost more home value than homeowners at the upper end of the market,” says Aaron Terrazas, […]

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4 Steps to Real Estate Success With ‘Webinar Wednesdays’ From RPR®

NAR PULSE—Each webinar will cover one essential aspect of your real estate business and show you how to use RPR® data and reports to realize the full potential of every transaction. You’ll hear from REALTORS® who have successfully used the app to lead clients to the closing table, as well as pick up strategies for […]

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