On May 17, 2012, Realtors® from across the country will Rally to Protect the American Dream in Washington, D.C., as part of NAR’s Midyear Legislative Meetings & Expo that week. The rally itself aims to keep housing and homeownership issues at the forefront of the nation’s public policy agenda on behalf of homeowners and aspiring homeowners.
With tax season in full swing, homeowners can find help navigating the preparation process by visiting HouseLogic.com. At HouseLogic visitors can find a wide variety of helpful tips and advice on homeowner deductions and credits, including:
Renters on the fence about owning a home take note:vacancy rates are declining and rents are rising. NAR’s most recent Commercial Real Estate Market Survey revealed the multifamily housing sector is becoming a landlord’s market, with vacancy rates below 5 percent justifying higher rents.
A law that currently provides relief to troubled borrowers when some portion of their mortgage debt is forgiven is set to expire at the end of this year. If that happens, households who were already struggling to pay their mortgage may face tens of thousands of dollars in taxes because the IRS would count the cancelled debt as income.
Realtors® continue to use technology to keep in touch with their clients and build business. NAR’s Center for Realtor® Technology recently released a survey detailing just how Realtors® stay connected.
According to NAR’s latest metro price report, affordability conditions are improving in housing markets across the country. This trend is bolstered by softer existing-home prices coupled with record low interest rates.