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Monthly Indicators: August 2017 10K Reports
August tends to mark the waning of housing activity ahead of the school year. Not all buyers and sellers have children, but there are enough parents that do not want to uproot their children during the school year to historically create a natural market cooldown before any actual temperature change.
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Thanks, Apple: Real estate apps just got a huge AR boost
Apple released its newest operating system and with it a promising frontier for real estate apps looking to offer augmented reality (AR). In contrast to virtual reality (which requires separate, sometimes awkward equipment and creates an entire artificial world), AR overlays information on top of the real world and is available through the mobile devices people carry around every day.
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Millions of Middle-Income Homeowners Stand to Lose Under "Big 6" Tax Proposal
A group of legislators and administration leaders known as the "Big 6" today released an outline for comprehensive tax reform that if enacted, according to the National Association of Realtors®, could lead to a tax on homeownership for millions. According to the Big 6's framework for tax reform, changes to the current tax code would eliminate important provisions, such as the state and local tax deduction, while nearly doubling the standard deduction and eliminating personal and dependency exemptions.
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Chinese Parents Splash Out on US Properties to Pay for Children's College Education
Despite a recent clampdown on overseas property investment by the Chinese government in its fight against potentially damaging capital outflows, buyers from mainland China as well as Taiwan, Macau and Hong Kong have splurged US$31.7 billion on American real estate so far this year, up from last year's US$27.3 billion, according to the National Association of Realtors.
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