Real Estate

Will tax reform harm the housing market?

Depends on where you live and how much you make
For the most part, the latest tax reform will boost the average paycheck and do little to harm the housing market. However, according to two recent expert reports, the devil is in the details.
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HUD awards $2 billion to homeless assistance programs

HUD Secretary Carson commits to end homelessness
The U.S. Department of Housing and Urban Development announced Thursday it awarded a record $2 billion to homeless assistance programs across the nation. HUD Secretary Ben Carson said, in part, “We know how to end homelessness and it starts with embracing a housing-first approach that relies upon proven strategies.”
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Most Americans live in areas where renting is cheaper than buying

But buying a home cheaper in 54% of U.S. markets
Across the U.S., buying a home is cheaper than renting in the majority of housing markets, however most Americans live in areas where renting is still cheaper than buying. Renting has clearly become the lesser of two housing affordability evils in many major population centers, with renting more affordable than buying in 76% of counties that have a population of 1 million or more.
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Re/Max: Real estate expected to boom in 2018

But inventory struggle to continue
After a year of rising home prices, low inventory levels and ongoing homebuyer demand, these conditions will increase even more in 2018. As the year begins, one expert breaks down some of the major trends to come in 2018, saying the year will bring an abundance of positive trends.
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Homeowners and appraisers close 2017 more in agreement than in the past 2 years

Appraised values still coming in lower than homeowner estimates
As 2017 came to a close, homeowners continued to estimate their home prices below appraised values, however they were more in agreement than anytime in the past two years. Quicken Loans shows after a drop at the beginning of 2017, appraised values and homeowner estimates have continued to edge closer together, narrowing the gap.
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