Real Estate

Democratic state senator blasts Amazon's HQ2 as a PR scam, saying 'New York fell for it'

cnbc real estate - December 12, 2018 - 3:04pm
"I don't think it's worth providing $3 billion and setting a precedent" for other companies to pick the city's pockets, state Sen. Michael Gianaris says.
Categories: Real Estate

These rental suites double as American-made showrooms, but it was tough finding a toaster

cnbc real estate - December 12, 2018 - 11:14am
Patrick Flynn launched GoLocal Suites, which provides fully furnished rental suites where nearly everything inside is made in America.
Categories: Real Estate

This map shows where Americans are struggling to repay their car loans

cnbc real estate - December 12, 2018 - 6:05am
A new map by the Urban Institute traces auto delinquency rates in counties across the U.S. 
Categories: Real Estate

Mortgage applications rise 1.6% as interest rates drop to lowest level since September

cnbc real estate - December 12, 2018 - 5:00am
December may be a slow month traditionally for the housing market, but mortgage lenders are suddenly getting busier.
Categories: Real Estate

Freddie Mac Slashes Utility Bills for Low- and Middle-Income Renters

NAR Daily News Magazine - December 11, 2018 - 11:00pm

Higher utility costs are hitting tenants’ pocketbooks, but a new program aims to lower utility bills for hundreds of thousands tenants.

Categories: Real Estate

FTC Warns of Tropical Real Estate Scam Targeting Retirees

NAR Daily News Magazine - December 11, 2018 - 11:00pm

The Federal Trade Commission warns that a tropical resort has bilked Americans out of $100 million in investments.

Categories: Real Estate

Why You Shouldn’t Put a Home Search on Hold in December

NAR Daily News Magazine - December 11, 2018 - 11:00pm

December is typically the slowest month in the housing market, which is exactly why your buyers should be busiest.

Categories: Real Estate

How Commercial Pros Can Build an International Presence

NAR Daily News Magazine - December 10, 2018 - 11:00pm

Industry leaders offer everyday business advice for drumming up more opportunities for global investors.

Categories: Real Estate

How Long Does It Take to Pay Off a Net-Zero Home?

NAR Daily News Magazine - December 10, 2018 - 11:00pm

Eventually, the savings add up and the home can pay for itself, no matter where you live, a new study shows.

Categories: Real Estate

Fannie, Freddie’s Holiday Gift: No Foreclosures

NAR Daily News Magazine - December 10, 2018 - 11:00pm

The mortgage financing giants announced a nationwide suspension of eviction lockouts on foreclosed homes for the season.

Categories: Real Estate

More Phishing Scams Reported: Here’s What You Can Do

NAR Daily News Magazine - December 10, 2018 - 11:00pm

The latest email ploy pretends to be a solicitation from the REALTOR® Party. Here are some additional security tips to make sure you don’t fall victim to such attempts.

Categories: Real Estate

Homeowners are seeing the smallest equity gains in two years

cnbc real estate - December 10, 2018 - 9:56am
The drop in equity gains has been sharpest in the third quarter of this year. In fact, after hitting a record high, the amount of tappable equity fell quarter to quarter for the first time since the housing recovery began.
Categories: Real Estate

California Passes Solar Panel Requirement on New Homes

NAR Daily News Magazine - December 9, 2018 - 11:00pm

The mandate, which will take effect in 2020, won’t be cheap to homeowners. Will other states follow suit?

Categories: Real Estate

10 Counties With the Most Second, Vacation Homes

NAR Daily News Magazine - December 9, 2018 - 11:00pm

There are about 7.4 million vacation and second homes in the U.S., or about 5.6 percent of the total housing stock.

Categories: Real Estate

Builder Rep’s Murder Thrusts Safety Back Into Spotlight

NAR Daily News Magazine - December 9, 2018 - 11:00pm

After a death in Anne Arundel County, Md., last week, the local association considers new safety measures for members.

Categories: Real Estate

The 2019 Color of the Year Is...

NAR Daily News Magazine - December 9, 2018 - 11:00pm

This hue is poised to make a splash as a bold accent color in home design next year.

Categories: Real Estate

Luxury Care Communities for Seniors Surge in Demand

NAR Daily News Magazine - December 9, 2018 - 11:00pm

Upscale communities offering personal care for residents—from independent living to nursing assistance—are sprouting up. But entrance fees can reach about $1 million.

Categories: Real Estate

Why 90% of Millennial Renters Want to Own But Can’t

NAR Daily News Magazine - December 9, 2018 - 11:00pm

The reasons the majority of young adults won’t make a move to homeownership in the near term.

Categories: Real Estate

The Journey: Changes in Tax Law Lead to Shifts in Giving

RisMedia Consumer News - December 9, 2018 - 11:05am

(TNS)—Older retirees may save Christmas for charities.

Donors gave a record $410 billion to nonprofit causes last year, according to Giving USA Foundation, in part because taxpayers were bunching contributions ahead of this year’s higher standard income tax deduction, experts say. That led to worries that 2018 might be a down year for philanthropy. The higher standard deduction means fewer people will likely itemize and claim charitable deductions.

Enter older retirees, who typically have more conservative portfolios, so thus may not be feeling the recent stock market plunges as keenly as younger people. They also may be feeling generous after a recent tax law overhaul left in place the ability to donate their required minimum distributions from IRA funds directly to charity tax-free.

Darin Shebesta, a financial advisor in Scottsdale, Ariz., recently advised a client in her mid-70s that she could save about $5,000 in taxes by donating her required distributions directly to a half-dozen charities. Of course, the tax savings only makes sense if retirees don’t need the funds for expenses.

One of the recipients was a nonprofit dance school she attended 60 years ago, but still remembered fondly.

“We got her connected back to the school, and she donated the funds in honor of her husband,” who died about two years ago, Shebasta says. “She had been underspending her withdrawal strategy and she had no kids,” so the money had been earmarked for friends after her death. The idea of seeing the money put to work now at an organization that mattered to her gave her a chance to, in effect, enjoy the money during her lifetime, he says.

Financial advisors say charitable giving strategies can be a way for them to better connect to clients, which has obvious marketing appeal—but it can also help retirees clarify their overall financial goals, prioritize spending and generally feel good about putting their life savings to work after focusing for decades on saving.

After working for 14 years in nonprofit fundraising, Juan Ros became a financial advisor about six years ago.

“I make it a point with every prospective client to talk about their charitable objectives,” he says. Not everyone has them, which came as a bit of a surprise to Ros after spending so many years around donors. The conversations produce a broad sense of a client’s interests in the world at large, he says, a point of learning that can help him frame retirement timing and spending plans, in addition to understanding charitable goals.

Other advisors, meanwhile, say clients are flocking to donor-advised funds this year as a result of the new tax law. The vehicles allow donors to take the standard deduction one year and then itemize the next year, spreading out the actual gifting of money to the charities at the donor’s leisure.

Advisor Mark Wilson encourages clients to donate appreciated securities equaling two years’ worth of donations to donor-advised funds. This allows them to avoid the capital gains taxes due on the investments (which are in taxable accounts) and control the timing of the gifts, he says. 

©2018 Tribune Content Agency
Distributed by Tribune Content Agency, LLC

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Categories: Real Estate

A new study shows 89 percent of millennials want to be homeowners—but this keeps them back

cnbc real estate - December 8, 2018 - 1:28pm
A new study from Apartment List highlights the overall feelings millennials have towards purchasing a home. 
Categories: Real Estate