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Senate Takes a Stab at Tax Reform
Earlier this week the Senate jumped into the fray, releasing its own proposal for tax reform. The Senate's proposal, much like the House bill, which we looked at last week, creates significant headwinds for homeowners and homebuyers, while providing only a temporary cut for middle class homeowners.
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United States Senate: Tax Reform Talking Points
NAR is OPPOSED to the "Tax Cuts and Jobs Act" tax reform plan released by the Senate Finance Committee. This plan, like its companion in the House of Representatives, is a direct threat to homeownership, to millions of middle-income families, and to our businesses. Not only will millions of homeowners not benefit from the proposal, many will get a tax increase. Additionally, homeowners could lose substantial equity from the more than 10 percent drop in home values likely to result if the bill is enacted.
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2017 EBCBOR Fall Broker Reception
The Eastern Bergen County Board of Realtors held their annual Fall Broker Reception at the Stony Hill Inn this past Tuesday. FBI Special Agent Michael Doyle gave a very informative presentation on wire fraud and the impact it has on the real estate industry, as well as what steps to take in order to prevent fraudulent activity. This event was sponsored by Jade Stone of Homepoint Financial, Brett Conkling of Prestige Lincoln, and Nelson Gomes, CEO of Priority One.
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Veterans: The Most Lucrative Real Estate Market in America
The most lucrative and rewarding real estate market in America today is not the luxury market, but the military market. According to Neil Brooks, REALTORĀ®et al. Veterans make the best homebuyers for a lot of reasons, including the benefits of a VA loan, and all the unique aspects of working with veterans.
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Identity verification app Trust Stamp now free for Realtors
Trust Stamp, a company whose artificial intelligence (AI) software helps verify a person's identity, announced at the National Association of Realtors (NAR) Conference & Expo in Chicago that its safety and identification app is now free for all Realtors. NAR recently announced that it has doubled-down on its commitment to Trust Stamp with a second investment.
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What's Happening With Chinese Investment in New York City Commercial Real Estate?
With China's capital controls in place, the country was expected to tamp down outbound investment in 2017. While the number of New York City investment sales deals involving the country has dwindled significantly this year, China still represents the biggest cross-border player, according to Cushman & Wakefield.
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