Tax reform

Tax Reform Hits Homeowners

NAR Realtor/Magazine, November/December 2017 Lawrence Yun – NAR Chief Economist   Renters will come out ahead, albeit tem­porarily, if the “Big 6” tax reform frame-­work is passed in its current form. They stand to get about $500 in tax cuts each year. The plan was released at the end of September by the Trump administration

Interest Rate To Increase, But Gradually

Real Estate – Official Magazine of the California Association of Realtors – October 2017   Federal Reserve chair Janet Yellen suggested this summer that the bank would seek to normalize their policies, rather than seeking to boost or limit economic activity.  Federal interest rates will increase, but she suggested that the key bank rate wouldn’t

July pending home sales and Market Pulse Survey

California pending home sales trend lower in July from previous month and year  California Association of Realtors August 23, 2017 The strong sales momentum that occurred during the peak home-buying season gave way in July as shrinking housing inventory and waning affordability stifled pending home sales, which declined both from the previous month and year,

Market Lessons on Renter Pain 

Realtor Magazine -National Association of Realtors- July/August 2017 Lawrence Yun NAR Chief Economist  The economy is in its seventh year of expansion. Though slower than normal, it’s been robust enough to create 16 million net jobs since the Great Recession and push the unemployment rate down to a very respectable 4.3 %.  Even an alternative