In the News

4 Social Benefits of Homeownership

Improved educational performance, higher civic participation, lower crime rates, and improved health remain the biggest social benefits linked to homeownership, according to a new research paper by NAR Chief Economist Lawrence Yun and research economist Nadia Evangelou, which appears in The Journal of the Center for Real Estate Studies. Some findings from the latest research cited in the paper include: Health. Children of homeowners ...

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Despite Odds, Ownership Rate Moves Higher

Despite tight housing inventories and rising home prices, the homeownership rate rose slightly in the third quarter and reaching the highest level since 2014, the U.S. Census Bureau reported Tuesday. The homeownership rate rose to 63.9 percent in the third quarter, up slightly from 63.5 percent a year ago, the Census Bureau reported. While the uptick isn’t considered statistically significantly, ...

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Why Doubling the Standard Deduction Won’t Help Most Homeowners

One of the most talked-about provisions in the tax reform framework that the Trump Administration and Republican congressional leadership released a few weeks ago is the doubling of the standard deduction. Of all the changes the framework would make, this one is presented as something that will help middle-income households. And that is true, but the households that it mainly ...

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Tax Proposal Threatens Middle-Income Homeowners

WASHINGTON (September 27, 2017) – A group of legislators and administration leaders known as the “Big 6” has released an outline for comprehensive tax reform that if enacted, according to the National Association of Realtors®, could lead to a tax on homeownership for millions. According to the Big 6’s framework for tax reform, changes to the current tax code would eliminate ...

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Buy vs. Rent Index Still Leans Toward Buy

Which is better for your clients: accumulating wealth through home equity or renting and investing their savings? That’s the fundamental question that the quarterly Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index aims to answer. After examining 23 of the country’s largest metro areas in the second quarter, home buying still tops renting—but only slightly, and that has to do ...

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VR Names Jess Peck as Its 2017 Good Neighbor

Jess Peck has been named the Vermont Realtors® 2017 Good Neighbor. VR’s Good Neighbor Award recognizes a Realtor® member for extraordinary community service. Jess is a Managing Broker for RE/MAX North Professionals in Colchester, VT. She is a member of the Northwestern Vermont Board of Realtors® (NVBR). “Jess is an incredibly giving person,” said Kathleen Sweeten, CEO for NVBR. “This ...

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