More Homes Built for Roommates?
A law that requires a “hosting platform” to warn a tenant that subletting the tenant’s residence may violate his/her lease and could result in eviction is among the new laws passed by the California Legislature and the U.S. Congress that may affect REALTORS® in 2016.
Two Ways Crowdfunding Can Boost Your Real Estate Business
The U.S. Securities and Exchange Commission is coming out with a rule that will make crowdfunding a more mainstream way to raise money. There are two reasons this development applies to you as a real estate professional.
Housing Headed for Higher Ground in 2016
A firming economy, solid job growth, rising consumer confidence, higher household formations and pent-up demand are helping to bring buyers back into the marketplace, and these factors will bode well for housing in 2016, according to economists speaking at the NAHB International Builders’ Show in Las Vegas.
Expect Construction to Take Strides This Year
The pace of new construction, which has been stagnant over the past few years, is ready to rev up. An estimated 1.26 million housing starts are expected this year, up 13.4 percent from last year, according to the National Association of Home Builders.
U.S. Real Estate to Draw More Foreign Investors in 2016
Most foreign investors expect to put more money into U.S. property this year than they did in 2015, with New York remaining the top target market worldwide, according to a survey by the Association of Foreign Investors in Real Estate. Sixty-four percent of respondents said they intend to make modest or major increases to investments in U.S. real estate this year.
Concerned about illicit money flowing into luxury real estate, the Treasury Department said Wednesday that it would begin identifying and tracking secret buyers of high-end properties. The initiative will start in two of the nation’s major destinations for global wealth: Manhattan and Miami-Dade County.
4 Reasons 2016 Is the Year to Buy a Home
If your buyers have been on the fence about buying a home, 2016 is the year to take the plunge. Mortgage rates have been bouncing around record lows for a while now. But even though they’re likely to start going up, buyers haven’t missed the chance to get a deal on a house.