Is Trump’s tax plan good for homeowners? Nope, says NAR

The country’s largest trade association released a statement that said the tax plan would hurt homeownership Key Takeaways “By doubling the standard deduction and repealing the state and local tax deduction the plan would effectively nullify the current tax benefits of owning a home,” said NAR President Bill Brown. The proposed reform would reduce the […]

The real estate transaction in 181 steps: What Your REALTOR does for you

Article Date: March 24, 2017 By Marilyn Lusher Sponsored by: Eastern Connecticut Association of REALTORS Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR® provides during the course of a real estate transaction. The list here is just a baseline since the services may vary within each brokerage and each […]

Existing FHA Condo Rules Extended

On August 24, 2016 HUD extended their existing temporary guidance on condos, without the changes brought about in HR 3700. HUD continues to work on the regulatory guidance to implement the new law, but their existing guidance was set to expire. In notice 2016-13, they simply extend the existing guidance until they can publish the […]

Fitch Ratings: Home prices go from overvalued to undervalued in last decade

It’s no secret that home prices dipped considerably after the recession. But have they dipped too low? According to Fitch Ratings’ U.S. sustainable home price model, home prices in Connecticut were 21 percent overvalued in 2000. That same model now shows they are 19 percent undervalued. “In Connecticut, the recovery in the economy has outpaced […]

Existing-Home Sales on Course for Best Year since 2006, Student Loan Debt Slowing Prospective Buyers

WASHINGTON (May 12, 2016) – Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to Dr. Lawrence Yun, chief economist of the National Association of Realtors®.  Yun presented his midyear […]