Monthly Archive:: February 2012

Standards, No Matter the Valuation Method

In response to the increased use of broker price opinions and other types of valuation methods other than appraisals, NAR has come out with what it calls its Responsible Valuation Policy statement. It’s intended to provide a framework for...
February 29, 2012

Warren Buffett Says He’d Buy a Couple Hundred Thousand Homes

By Katherine Tarbox, Senior Editor, REALTOR® Magazine Warren Buffett, CEO of Berkshire Hathaway, said yesterday on CNBC’s “Squawk Box” that buying single-family homes is such a great investment right now, if it were practical, he’d buy a couple hundred...
February 28, 2012

REALTOR.com Releases New iOS Apps

By Todd Carpenter, Director of Digital Engagement, National Association of REALTORS® REALTOR.com’s iOS apps received a significant upgrade this week. Chief among the changes is the ability to identify foreclosed listings and price reductions. In addition, the app features a new “Nearby Recently Sold”...
February 24, 2012

Can You Hear Me Now? On May 17, It’ll be Yes

After the housing downturn there were calls among lawmakers and policymakers in Washington to scale back the country’s historic commitment to home ownership. Those calls continue today. Maybe the value of the mortgage interest deduction should be curtailed, as...
February 23, 2012

Are You Measuring Your Social Media Influence?

By Katherine Tarbox, Senior Editor, REALTOR® Magazine You’ve probably heard more than just one person say that they are a social media “expert.” In the early days of social networks (and can you believe that Facebook is already eight...
February 17, 2012

Freddie Mac: No on Deficiency Judgments

The secondary mortage market company Freddie Mac has updated its bulletin to servicers of Freddie Mac mortgage loans to make clear that they aren’t to pursue a deficiency judgment against a borrower after a short sale or deed-in-lieu of...
February 17, 2012

Multifamily Housing Demand to Outpace Production

By Erica Christoffer, Multimedia Web Producer, REALTOR® Magazine Developers of multifamily homes should be relishing in the fact that demand is incredibly strong. But in reality, developers are struggling to build new apartments because financing is so hard to...
February 16, 2012

Key Issue to Watch: Debt Cancellation Relief

One of the most helpful laws on the books for underwater home owners is set to expire at the end of this year. At this point, NAR expects to make a strong push to get it extended because the...
February 16, 2012

Reminder: 3.8% Tax to have Minimal Real Estate Impact

Tax time is nearing and once more rumors are circulating on the Internet and by e-mail that the health care reform law enacted two years ago includes a 3.8 percent transfer tax on real estate starting in 2013. That...
February 15, 2012

Budget Again Includes Unpopular Curb on MID, Other Deductions

The value of the mortgage interest deduction (MID) and other itemized deductions for wealthier households would be trimmed in the fiscal 2013 budget proposal President Barack Obama released yesterday, but as in the previous three years, the proposal is...
February 14, 2012