Home prices reached an all-time high in most markets in 2018. Homeowners benefited greatly as a result, with their overall net wealth rising by a cool $1 trillion. A typical homeowner’s wealth is estimated to have reached $254,000 while that of a typical renter stood at only $5,000. Looking ahead, home values are poised to [...]
Once in a while you might get an email that looks like it’s from NAR but really isn’t. Like so many other phishing scams, these emails try to look like they’re official correspondence from a trusted source so they can get one of two things from you: personal data or credit card info. How do [...]
The state and local tax (SALT) deduction allows taxpayers to deduct state and local tax payments on their federal tax returns. The new tax law, called the Tax Cuts and Jobs Act, instituted a cap on the SALT deduction. Starting from the 2018 tax year, the maximum SALT deduction that taxpayers are able to claim [...]
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Call SCR hotline if you have an animal issue. The laws in South Carolina are not settled. Don't be the test case unless you want to be the test case. NAR "The Hub" has a White Paper on this issue. SCR has a video from SC Human Affairs Commission at the SC REALTORS Youtube channel. [...]
New technology to alter/enhance listing photograph images is becoming less expensive and easier to use, but the risks remain under license law and NAR ethics on advertising and lawsuits. To help build a potential defense to an accusation of deceptive or misleading images, here are some ideas for listing REALTORS®. 1. Display actual images "side [...]
NAR reports the wire fraud email hacking scheme that sends fake wiring instructions to the buyer or law firm or other victim has a new issue. NAR reports the crooks are now sending fake wiring instructions that appear to be pertinent to an eminent real estate deal both via hacked/mimicked email addresses and via paper [...]
Homeownership has been associated with positive social outcomes[1], and is also the largest source of wealth among homeowning households. In 2016, the median net worth among homeowners was $231,400, with housing wealth making up 85 percent of wealth (average net housing wealth was $197,500).[2] Housing wealth contributes positively to the homeowner’s and children’s economic condition, [...]
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were up from last month at 4.76 percent this January, and up 11.5 percent compared to 4.27 percent a year ago. Housing affordability declined from a year ago in January moving the index down 5.3 percent [...]
By Melissa Dittmann Tracey, REALTOR® Magazine Great lighting is definitely stealing more of the spotlight in kitchen design lately. Pendant lights that hang from the ceiling above your kitchen island—usually in a row of two or three–is really a place to show off lighting to dress up your kitchen. Some designers refer to pendant lights as [...]