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Real Estate News & Links

D.R. Horton's Management Thinks Housing Will Remain Strong Into 2020

So much so that it is already giving cash flow guidance for 2020.

https://www.fool.com/investing/2018/08/02/dr-hortons-management-thinks-housing-will-remain-s.aspx

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Portland's Hottest 'Hoods: The priciest neighborhoods

The average for all 99 Portland-area ZIP codes tracked by RMLS, was $462,238 during the second quarter of 2018. That's a 5 percent increase from the same period during 2017.

https://www.kgw.com/article/money/business/portlands-hottest-hoods-the-priciest-neighborhoods/283-579733252

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Housing Market Update: Slowing, But Not Collapsing

I'm seeing a significant increase of late in stories which suggest that the housing market has peaked and could be in trouble.

https://seekingalpha.com/article/4192894-housing-market-update-slowing-collapsing

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Mortgage application volume falls as interest rates rise

Mortgage applications dropped for the third week in a row around rising mortgage rates and languid housing starts.

https://www.nationalmortgagenews.com/news/mortgage-application-volume-falls-as-interest-rates-rise

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12 housing markets where moving 15 minutes away saves the most money

Seattle # 2 AND Portland # 8, on the list. Distance from work is a big part of the home buying decision, particularly since the tradeoff for living closer to the office is often higher home prices and less space. But in some cities, the sweet spot between affordability and a short commute is often just 15 minutes away, according to Zillow.

https://www.nationalmortgagenews.com/list/12-housing-markets-where-moving-15-minutes-away-saves-the-most-money

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Housing demand sees biggest drop in more than 2 years

Digital Risk Managing Director Jeff Taylor on the state of the U.S. housing market.

http://video.foxbusiness.com/v/5807957703001/#sp=show-clips

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Some home sellers would see huge savings under Treasury tax cut plan

The Treasury Department is exploring whether it can bypass congressional approval to index long-term capital gains to inflation.

https://www.cnbc.com/2018/08/02/some-home-sellers-would-see-huge-savings-under-treasury-tax-cut-plan.html?recirc=taboolainternal

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Licensee Liable for Wire Fraud Losses

Kansas federal court upholds jury verdict that determined that a real estate licensee was 85% responsible for the buyer’s losses, which occurred when the buyer transferred purchase money to fake account after licensee allegedly forwarded email containing fake wiring instructions to the buyer.

https://www.nar.realtor/legal-case-summaries/licensee-liable-for-wire-fraud-losses

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How The High-Cost Housing Market Is Impacting Millennial Marriage

Millennials are finally buying homes. Despite facing rising mortgage rates, steadily growing home prices, and astronomical student loan debt, Americans aged 22 to 37 are now the biggest cohort of homebuyers in the entire country, accounting for 36% of all home sales—and growing.

https://www.forbes.com/sites/alyyale/2018/08/02/how-high-cost-housing-market-is-impacting-millennial-marriage/#35052c4e6b28

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Here's why we need a Mansion Tax

We’re proposing a Mansion Tax to end homelessness and build nice non-market rental housing. An extra tax of one per cent of the assessed value of mansions between $5 million and $10 million and an extra tax of two per cent on the value above $10 million.

https://vancouversun.com/opinion/op-ed/jean-swanson-and-anne-roberts-heres-why-we-need-a-mansion-tax

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Avoiding Capital Gains Tax When Selling Your Home: Read the Fine Print

If you sell your home, you may exclude up to $250,000 of your capital gain from tax -- or up to $500,000 for married couples.

https://www.nolo.com/legal-encyclopedia/avoid-capital-gains-tax-selling-home-29901.html

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Does the future of real estate include Blockchain technology?

Bitcoin is one of our new forms of money. Thousands of merchants now accept bitcoin payments. A Miami penthouse was listed for 33 bitcoin (valued at the time of listing at $544,500), and the seller refused to take any other currency. They were probably trying to avoid paying anything to the IRS.

https://www.washingtonpost.com/realestate/does-the-future-of-real-estate-include-blockchain-technology/2018/07/12/0a556a50-7bdf-11e8-aeee-4d04c8ac6158_story.html?noredirect=on&utm_term=.320198126746

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Housing values may fall as baby boomers die off or sell off, two studies say

Will baby boomers turn into party poopers when they unload their homes in large numbers starting in the next decade? Could they create an indigestible oversupply in the market that lowers home prices and frustrates sales?

https://www.washingtonpost.com/realestate/housing-values-may-fall-as-baby-boomers-die-off-or-sell-off-two-studies-say/2018/07/17/35b0dbf0-890c-11e8-8aea-86e88ae760d8_story.html?utm_term=.048ba55b1ae1

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