Author Archive

Why Doubling the Standard Deduction Won’t Help Most Homeowners

One of the most talked-about provisions in the tax reform framework that the Trump Administration and Republican congressional leadership released a few weeks ago is the doubling of the standard deduction. Of all the changes the framework would make,...

If You’re In a Hurricane-Hit Area, the Federal Government Might Have a Job for You

The U.S. Small Business Administration is looking for damage verifiers in the parts of Texas and Florida that were hit by hurricanes. Damage verifiers are people who use their knowledge about real estate to give the agency their assessment...

Small Markets See 4% Gain in Commercial Property Sales

Smaller commercial properties in secondary markets are still attracting buyers at good prices, but demand for big-market mega-properties appears to be easing, NAR second-quarter data suggest. Large markets saw a 5 percent annual decline in sales, while smaller markets...

25% of Male Agents Carry a Gun

Safety is a concern in the real estate industry and it’s not limited to female agents. Recent NAR survey data show that a quarter of men in the business carry a gun to protect themselves. The survey is based...
September 12, 2017

We Know We Need Housing and How to Get It. Unfortunately, That’s Where We Stop

The United States has a housing shortage. That’s why home prices are rising faster than what many people can afford. But in California, the housing shortage is a crisis. Many people want to live and work in the state,...

When Your Competition Has Lower Overhead Than You Do

Are you making much money even if you close a dozen transactions this year—or, if you’re a broker, your sales associates close a lot of transactions? The answer depends on your overhead. If you’re not paying for office space,...
August 25, 2017

Typical Commercial Agent Now Makes $120,800

Commercial prices continue to head up, at least among smaller properties in secondary and tertiary markets. As a result, the typical commercial agent is making $120,800, an 11 percent increase from the previous year, when the median income was...
August 7, 2017

Is $600 for Staging Worth It? A Report Says Yes

How much sellers spend to stage their home will vary by where they are and what they have done, but generally speaking they can expect to pay $500-$600 for a few hours for a pre-photo shoot styling session and...

Learn How Tax Reform Might Affect Your Business

Note: The tax reform webcast being hosted by NAR on this topic is postponed because of a scheduling conflict. Registrations are not being taken at this time. Sorry for any inconvenience.—Robert Freedman, director, multimedia communications, National Association of REALTORS®....
June 29, 2017

Largest Source of Mortgage Funds in U.S. Tries to Help Homebuyers Struggling With Student Debt

Fannie Mae has come to recognize the problem people are facing when they’d like to buy a house but they’re hemmed in by tens of thousands of dollars of student loan debt. First, in calculating loan applicant’s debt-to-income ratio,...