Market News

Realtors® Applaud Administration’s Calls to End Conservatorship

Earlier this week, during an address to the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C, Treasury Department Secretary Deputy Craig Phillips reiterated a Trump administration priority to end the conservatorship of Fannie Mae and Freddie Mac.

NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement in response.

“Realtors® applaud the administration’s calls to end conservatorship while maintaining an explicit government guarantee as NAR continues to support a methodical, measured approach to GSE reform that will put the secondary mortgage market on the path to sustainability. As this process continues, we urge policymakers in Washington to prioritize reforms that ensure broad access, provide liquidity to the national market, and promote stability in the housing market, particularly during times of economic distress. NAR looks forward to furthering these discussions with the administration as we work to secure the necessary, common sense market reforms that will benefit our broader economy.”

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It’s Easy Being Green: How to Add This Year’s Hottest Hues of Green to Your Décor

Photo Credit: Crate and Barrel

By Laura Love Bardell, guest contributor

This year in home decor, green is really having a moment. Far from being a short-lived trend, however, this verdant color is definitely here to stay. Luckily for us, green goes with just about everything, and it’s easy to incorporate into any room of your home.

Add some life.

The simplest way to add green into your home decor is with botanicals, which blend effortlessly into any color scheme. Place a cluster of potted succulents on the coffee table, and fill that empty corner behind the sofa with a statement fiddle leaf fig tree. In spaces that lack sufficient natural light for live plants, consider faux varieties. With advances in manufacturing techniques, many artificial plants look just as convincing as the real thing and require no maintenance.

Accessorize.

In rooms with a neutral color palette, use green accessories to add a pop of color or texture. Swap out existing window treatments with curtains featuring botanical leaf prints or patterns. Layer throw pillows and blankets on the living room sofa. Avoid choosing all solid color pillows as the effect can be a bit flat; instead opt for complementary patterns and textures for a fresh, updated look.

Style your bookcase or end table with a vibrant emerald centerpiece bowl, or intersperse green vases with on-trend marble decor on the console table for a chic, of-the-moment look. For a bolder statement, consider a kelly-green statement wall, palm print wall decals, or a luxe velvet sofa in a rich olive hue.

Mix it up.

Beyond neutral palettes, green works beautifully in any number of color schemes. Many shades mix easily with black and white; use this combination for a classic, timeless aesthetic. Juxtapose a muted lime green with pops of red, orange, and yellow for a playful, energized space. Paler hues mix well with pastels or jewel tones offer a rich, vibrant look.

ABOUT THE AUTHOR: Laura Love Bardell  writes for  Crate and Barrel,  where  she creates design-savvy content on the latest home-furnishing trends. Laura enjoys giving tips for how to use furniture creatively for any space, big or small.

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Great Spaces: A House to Build a Dream On

For Bob and Laura Keane, it’s all about family; cookouts on the beach with happy kids splashing in the surf, the annual family tennis tournament and generations of extended family simply spending time together. It’s why the Connecticut-based Keanes have vacationed in Nantucket, the popular island south of Cape Cod, Mass., for nearly 20 summers, […]

The post Great Spaces: A House to Build a Dream On appeared first on RISMedia’s Housecall.

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Realtors® Applaud Senate Passage of 2018 WRDA Bill

WASHINGTON (October 10, 2018) – National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement after the Senate today voted to pass S. 3021, America’s Water Infrastructure Act of 2018.

“America’s Water Infrastructure Act of 2018 ensures the U.S. Army Corps of Engineers can continue providing vital economic and environmental services to property owners across this country. Overall, this legislation supports U.S. economic development and the real estate industry by investing in natural disaster and flood control protections; by securing clean, sustainable drinkable water for everyone in America; and by maintaining waterways and ports that help us transport goods across the country.

“The bill is particularly beneficial to Realtors® in Florida who are working to address the state’s critical infrastructure needs, specifically by funding research to combat harmful algal blooms that surfaced in the state earlier this year. NAR applauds the Senate and House for moving this legislation swiftly, and we look forward to seeing it signed into law in the coming days.”

The National Association of Realtors® is America’s largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

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Spruce Up Your Listing’s Front Stoop With a Taste of Fall

By Melissa Dittmann Tracey, REALTOR® Magazine

Orange can be a great color for adding curb appeal, and it fits perfectly into the fall season too. Bright orange pumpkins and flowers can add just the color pop needed to get potential home buyers looking straight at that front door. Check out some of these photos from the remodeling site Houzz and see how designers added inviting fall curb appeal to their front stoop.

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The Concrete Craze in Home Design

By Melissa Dittmann Tracey, REALTOR® Magazine

So you don’t typically think of concrete as a decor item inside your home but something more reserved for your driveway or a home’s foundation. It can be a cold, harsh surface. So, why are so many designers now using it in the design of interior spaces?

The faux industrial look is very popular at the moment, and concrete sinks, flooring, countertops, or even a concrete accent wall fits right into that style. Polished cement countertops or even concrete soaking tubs are on-trend.

Concrete’s neutral gray can appear less harsh too when used against whites, marbles, or wood.

A perk to concrete is it’s relatively easy to maintain, durable, and eco-friendly. It can retain heat and help keep moisture out—a reason we’re seeing it surface in more bathrooms lately.

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Realtors Urge Deduction for Rental Income

The Tax Cuts and Jobs Act includes a 20 percent deduction for sole proprietors and owners of S corporations and other business entities. This was designed to provide roughly the same rate cut provided to regular corporations.

It is unclear, however, whether owners of rental real estate will be able to claim the deduction.

This week, the National Association of Realtors publicly called on the Treasury Department and Internal Revenue Service to treat all real property rental activity as eligible for the 20 percent deduction.

Text of the letter can be found here.

It reads: “Without the change discussed above, millions of individual taxpayers who earn rental income from real property would need to wade through voluminous and confusing references to tax authority to try to determine whether they believe2 they are eligible for the deduction.”

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Pending Home Sales Dip 1.8 Percent in August

Pending home sales fell slightly in August and have now decreased on an annual basis for eight straight months, according to the National Association of Realtors®.

The Pending Home Sales Index,  a forward-looking indicator based on contract signings, decreased 1.8 percent to 104.2 in August from 106.1 in July. With last month’s decline, contract signings are now down 2.3 percent year-over-year.

Lawrence Yun, NAR chief economist, says that low inventory continues to contribute to the housing market slowdown. “Pending home sales continued a slow drip downward, with the fourth month over month decline in the past five months,” he said.

“Contract signings also fell backward again last month, as declines in the West negatively impacted overall activity,” he said. “The greatest decline occurred in the West region where prices have shot up significantly, which clearly indicates that affordability is hindering buyers and those affordability issues come from lack of inventory, particularly in moderate price points.”

According to the third quarter Housing Opportunities and Market Experience (HOME) survey, a record high number of Americans believe now is a good time to sell. “Just a couple of years ago about 55 percent of consumers indicated it was a good time to sell; that figure has climbed close to 77 percent today.”

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Realtors® Recognize National Voter Registration Day

With just six weeks remaining until the 2018 midterm election, today marks National Voter Registration Day in America.

This morning, National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, called on America’s 1.3 million Realtors® to ensure they are registered to vote this November.

“An astounding 74 percent of Realtors® cast a vote in the 2016 national election,” Mendenhall said. “While that number certainly outpaces that of the general population, it is critical that the voices of even more Realtors® and consumers who care about home ownership and real estate investment are heard this Election Day.”

Mendenhall went on to stress the need for NAR to take advantage of its vast membership in order to continue positively influencing policies across the country.

“Improving upon the 85 percent of Realtors® currently registered could add nearly 200,000 voters to rolls across the country,” NAR’s President continued. “That would nearly guarantee the issues that matter most to the real estate industry remain a priority for America’s lawmakers.

In accordance with National Voter Registration Day, NAR is contacting hundreds of thousands of its members directly through social media channels and text message subscriptions to remind people to register to vote. NAR is also encouraging members to visit realtorparty.realtor/vote2018 to find information on registration and other important voter resources.

Currently, 84.98 percent of Realtors® are registered to vote this November. That comes as 74.37% of NAR’s members voted in the 2016 election, compared to the national average of 55.82%.

“On September 25, NAR is urging all of our members – and every eligible adult in America – to ensure they are registered to vote this November,” Mendenhall concluded.

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Hot Home Trend: Color Block Your Kitchen Cabinets

By Melissa Dittmann Tracey, REALTOR® Magazine

Getting a little mismatchy in kitchen cabinet color designs is no longer being viewed as an unfinished reno job, but instead perfectly stylish in fitting with today’s trends. These “tuxedo kitchens,” as they’re nicknamed, are where the upper cabinets may be in one color—like in all white—and then the lower cabinets are in a contrasting shade, like a gray or dark walnut. It’s essentially a way to color block your cabinets.

The idea of going with two different shades on your kitchen cabinets may make some homeowners’ a little uneasy, but it’s nothing to fear nowadays and can actually make your kitchen look more open.

Typically, with tuxedo cabinets, the lighter color is on top and a darker color is on the bottom. It can help make a kitchen seem taller when the lighter color is above. It can also create a focal point, when a contrasting color is used on a kitchen island. And the differing shades can also break up the monotony of all one color cabinets, particularly in all-white kitchens.

Some real estate studies are suggesting that white cabinets contrasted by a dark navy blue or black kitchen island is among the most common tuxedo kitchen pairings in some real estate listings too.

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