The U.S. House and Senate have passed sweeping tax reform legislation that is expected to have a major impact on housing markets. The bill will go to President Donald Trump now that the House has passed the bill a second time to accommodate small, last-minute changes made in the Senate.The bill is an improvement for homeowners when compared to earlier House and Senate versions, because it makes several changes NAR sought. However the structure o
Housing starts are on the rise, reaching a post-recession high in November. The West and South regions of the country are seeing the bulk of the increase in new-home construction.Housing starts—which include single-family and multifamily production—increased 3.3 percent nationwide in November to a seasonally adjusted annual rate of 1.3 million units, the Commerce Department and the U.S. Department of Housing and Urban Development reported Tue
Home buyers in a small town in western Wisconsin are suing the owners of a nearby farm for using propane-fueled cannons to blast blackbirds away from corn crops. The buyers allege in a lawsuit that the farm owners—Mark Klein, Wendell Klein, and Carlton Klein—concealed their use of the cannons while the couple had been negotiating to buy a neighboring home, which was also owned by Mark Klein.The lawsuit further alleges that Klein had fired his
For the third consecutive month, existing-home sales were on the rise, with all major regions of the country except the West posting a “significant hike in sales activity” last month, the National Association of REALTORS® reported Wednesday.Total existing-home sales—which includes completed transactions for single-family homes, townhomes, condos, and co-ops—increased 5.6 percent in November to a seasonally adjusted annual rate of 5.81 mi
One of the best defenses against hacking is a unique password, but many aren't heeding the call. Indeed, “123456” and “password” continue to rank as the most-leaked passwords, according to SplashData, a password management firm. “Starwars,” “monkey,” and “iloveyou” are new to the list this year, which is based on millions of stolen logins made public in the past year.“Hackers are using common terms from pop culture and sport
Living in areas that are close to shops and restaurants is becoming increasingly attractive for both young and older generations, according to the 2017 National Community and Transportation Preference Survey conducted by American Strategies and Meyers Research on behalf of the National Association of REALTORS®. Researchers polled 3,000 adults from across the United States to find out what they are looking for in a community.Fifty-three percent o
California wildfires continue to scorch the Golden State’s southern cities, and now officials in the state fear that some insurers will drop homeowners’ coverage.Wildfires in Southern California and earlier this fall in northern California have resulted in billions of dollars in claims. In the Sierra Nevada foothills, many homes were dropped after wildfires swept through in recent years, and some northern California homes also have seen their
The winter season brings more foot traffic, which can be risky on a home—holiday parties, family gatherings and even open houses in the winter can bring tears and marks on the floors. How do you prevent scratches and stains that result in costly floor repairs?After all, refinishing hardwood floors could cost more than $1,000. A carpet repair could cost about $200, according to HomeAdvisor, which provides average cost estimates of repair and r
Despite escalating home prices, Americans in many cities still can find it more affordable to own a home with a mortgage than to rent nationwide, according to the Urban Institute.The think tank’s research shows that a median-income family spends 28 percent of its household income to pay the median rent for a three-bedroom house. On the other hand, they’ll spend 25 percent of their income for a monthly mortgage payment (principal, interest, t
Facebook announced that it will no longer tolerate “engagement bait” by making sure posts that solicit likes and comments in sensational ways are demoted from news feeds, thereby reaching fewer people. Facebook is referring to posts that specifically call users to act such as by liking, commenting, or sharing with enticing statements or offers. Brands may use it to generate more responses to a post, with posts such as “SHARE this post with
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