Monday
December 11, 2017

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What Does President Trump’s Association Health Plan Executive Order Do?

Speaking of Real Estate - Wed, 10/18/2017 - 13:59

The executive order President Trump signed on Oct. 12 to expand association health plans (AHPs) is of interest to REALTORS® because NAR has a longstanding interest in these types of health plans. But it’s important for real estate professionals to know what the executive order does and doesn’t do.

First, it doesn’t itself expand association health plans; it only directs a handful of federal agencies to consider ways to amend existing rules with the aim of expanding the plans. And second, the rules that would be amended are federal labor rules, and these rules apply to employees, not independent contractors. For that reason, NAR has expressed an interest in working with the administration to see if changes can be made in the future that would expand AHPs for independent contractors.

To learn more about the order, Jon Boughtin of NAR Media sat down with Christie DeSanctis of NAR Government Affairs to learn what the order does and doesn’t do. Watch video.

Comment on Sherwin Williams’ Pick for 2018’s Hottest Color by Mike Shrader

Styled, Staged & Sold - Wed, 10/18/2017 - 08:52

I really like the color. Thanks for sharing..

Comment on Add Some Pumpkin Spice to Your Autumn Staging by Malorie Roland

Styled, Staged & Sold - Fri, 10/13/2017 - 15:34

Great ideas Melissa! In the right places, that pumpkin orange can really pop. Agents will probably want to make sure to get non-pumpkin pictures taken beforehand, in the event the house doesn’t sell quickly and Christmas rolls around.

Why Doubling the Standard Deduction Won’t Help Most Homeowners

Speaking of Real Estate - Mon, 10/09/2017 - 11:12

One of the most talked-about provisions in the tax reform framework that the Trump Administration and Republican congressional leadership released a few weeks ago is the doubling of the standard deduction. Of all the changes the framework would make, this one is presented as something that will help middle-income households. And that is true, but the households that it mainly helps are renter households. Home-owning households will likely see their taxes go up even if they were to take that increased standard deduction. There are two reasons for this.

First, although the standard deduction would increase from $12,600 for a family to $24,000, the plan would do away with the personal exemption and the exemption for dependents.

Right now, those exemptions are $4,050 per person, So, for a family of four, the family would see their standard deduction rise from $12,600 to $24,000 but they would also no longer get to take their exemptions, which, under the current code, would total $16,200. So, they would gain almost $12,000 but lose more than $16,000. Households with larger families would lose even more.

Second, for homeowners who are used to itemizing their deductions, all of these deductions except for two—the deductions for charitable giving and mortgage interest—would go away. For many middle-income households (those earning between $50,000 and $200,000), the two remaining itemized deductions won’t be enough to make it advantageous for them to continue itemizing. That’s mainly because they would lose the deduction for state and local taxes, which, for many households, is the single largest itemized deduction they take, even larger than the deduction for mortgage interest. As a result, they would almost certainly stop itemizing and instead take the standard deduction. While that might give some of them a better tax picture than if they continued to itemize, it would nevertheless be less than what they receive in tax benefits under the current code.

Just as importantly, the change would wipe out the distinction between owning and renting in the tax code. That’s a distinction that’s been part of the tax code for more than 100 years and losing it would result in an across-the-board drop in home values by 10 percent or more, NAR estimates.

Of course, everyone’s tax picture is unique. How one person or one family comes out under the proposed changes will differ based on many factors–household income, household expenses, the number of dependents, the size of the mortgage, the state a household lives in, and so on. But in general, based on analyses NAR and other organizations have either done themselves or commissioned others to do, the result won’t be a net gain for most middle-income households but rather a net loss. That’s why NAR and many other organizations are opposing the changes the framework is proposing.

NAR’s concerns are detailed in the latest Voice for Real Estate news video. Watch now.

Outlook Remains Bright for Commercial Real Estate Despite Price Plateau

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

WASHINGTON (September 12, 2017) — Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors® quarterly commercial real estate forecast, https://www.nar.realtor/reports/commercial-real-estate-outlook.

Backed by the ongoing stretch of outstanding job creation in recent years, national office vacancy rates are forecast by... Read More

NAR at NAIOP

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

NAIOP extends discounted pricing for the CRE.Converge conference to REALTORS®! 

NAR members qualify for discounts on registration, education, and project tours at NAIOP’s preeminent conference in Chicago, October 10–12. 

Hear from industry experts on topics ranging from global investment to smart construction, and enjoy keynotes from thought leaders... Read More

Technology, Inventory and Competition Among Firms’ Top Challenges: Realtors® Survey

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

WASHINGTON (August 22, 2017) – Keeping up with technology, maintaining sufficient inventory, competition from nontraditional participants and profitability are among the biggest challenges for real estate firms,  according to the National Association of Realtors® 2017 Profile of Real Estate Firms.

Conversely, for a third year in a row, the survey found the vast majority of firms have an optimistic outlook for the future of the industry’s growth. Although expectations have slightly... Read More

Commercial Real Estate Alert: Visual Story

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

The data in this visual presentation comes from the 2017 Commercial Real Estate Alert report. 

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Instant Reaction: July Jobs Report

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

Employment gains in restaurants, professional services, and health care translates into continued demand for commercial office space. 

2017 NAR Commercial Member Profile 

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

Download (PNG 3.12MB)

This infographic highlights findings from the 2017 NAR Commercial Member Profile.... Read More

Realtors® Report Finds 11 Percent Increase in Commercial Member Income, 19 Percent Increase in Sales Transaction Volume

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

WASHINGTON (August 2, 2017) – Commercial real estate markets continue to improve, with Realtors® specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors® 2017 Commercial Member Profile.

The annual study's results represent Realtors®, members of NAR, who conduct all or part of their business in commercial sales, leasing, brokerage and development for land, office and... Read More

Commercial Member Profile

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

DOWNLOAD (3.39 MB)

Highlights:

The NATIONAL ASSOCIATION OF REALTORS® Commercial Member Profile details the business and demographic characteristics of NAR commercial members. Commercial members have expertise in the field of commercial real estate and have experience working in many property types.

  • Forty-seven percent of NAR’s commercial members are brokers and licensed sales agents make up 30 percent, consistent with last year.
  • Commercial... Read More

June 2017 Business Creation Index

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

Download (1.24MB PDF)

The Business Creation Index (BCI) was created to monitor local economic conditions from the perspective of NAR’s commercial members. The quarterly report offers insight from commercial real estate professionals into whether businesses are opening or closing by industry, population density, and subregion. On a monthly basis, it tracks three key questions related to local market conditions: 

  1. An increase of businesses opening in local... Read More

Commercial Real Estate International Business Trends 2017

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

Download (PDF 2.02 MB)

Highlights:

In contrast to the large cap commercial market transactions reported by RCA, most REALTORS® who specialize in commercial real estate managed investment deals averaging less than $2.5 million per deal, frequently located in secondary and tertiary markets. The Commercial Real Estate International Business Trends 2017 focuses on this significant segment of the economy and real estate markets.

  • 20% of respondents closed a sale... Read More

Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Rise

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

WASHINGTON (June 6, 2017) — One-fifth of surveyed Realtors® practicing in commercial real estate closed a sale with an international client in 2016, and as foreign investors flock to smaller-sized commercial properties in secondary and tertiary markets, many Realtors® are confident that increased sales and leasing activity will occur in 2017.  

This is according to the 2017 Commercial Real Estate International Business Trends survey released today by the National Association of... Read More

Commercial Real Estate International Trends 2017

realtor.org Commercial Headlines - Fri, 09/29/2017 - 02:00

The data in this visual presentation comes from the Commercial Real Estate International Trends 2017 report. 

More Information