Housing Tipping Back To A Buyer’s Market As Sellers Cut PricesAfter several years of significant home price gains, the market appears to have found a limit to what people can afford. Sellers are finally responding by increasingly lowering prices. Read the full report here. |
New Housing Starts And Permits Tick Upward, Easing Low Inventory WoesPrivately-owned housing starts and privately-owned housing units authorized by building permits are both trending upwards, month-over-month, according to the latest new residential construction numbers from U.S. Census Bureau and the U.S. Department of Housing and Urban Development. See all of the details here. |
Luxury Market on Record StreakHigh-end homes are moving rapidly, with age of inventory at 108 days—11 days faster than in July 2017—and $1 million-plus properties on the rise. Check out a summary of the July Luxury Home Index report here. |
No Housing Recession Over HorizonThrough the first half of 2018, existing-home sales are down just a tad, while new home sales are up. Home prices continue to move higher and distressed property sales have fallen to historic lows. The one area of concern is increasing housing unaffordability. Get the full rundown here. |
IRS 20% Business Deduction Brings Good News To Real Estate AgentsThe Internal Revenue Service and the U.S. Department of the Treasury issued proposed regulations this week for Section 199A of the Tax Cuts and Jobs Act, which passed at the end of last year. Now, new guidance released by the IRS shows that real estate agents and other real estate professionals could benefit from the 20% deduction. Read on here. |
QUICK LINKS■ When Do Interest Rates Hurt Real Estate Investing? ■ I Doubled My Revenue in 12 Months by Analyzing These 3 Types of Data ■ Midwest Overtakes California For The Hottest Housing Markets |
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“Pursue some path, however narrow and crooked, in which you can walk with love and reverence.” —HENRY DAVID THOREAU, |
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HOMES & LAND | AUGUST 2018 |