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Showing posts from 2017

2017 Tax Reform and how it affects Home Ownership

Although the final tax reform bill is far from perfect and the results are mixed, it is significantly better for homeowners than previous versions. That’s thanks to the efforts you made. REALTORS® generated over 300,000 emails and telephone calls to members of Congress over two Calls for Action and held countless in-person meetings with legislators, all of which helped shape the final product. All of this grass-roots support truly helped NAR as we worked with members of the House-Senate conference committee to help educate them on how to improve the final bill. We saved the exclusion for capital gains on the sale of a home and protected the mortgage interest deduction for primary and secondary homes. Many agents and brokers who earn income from personal services will also see some significant new benefits in their business. Last-minute changes to the bill include the following improvements: Capital gains exclusion . In a huge win for current and prospective homeowners, cu

We Work, We Grow Tops $4.4 Billion Investment for education

WeWork is opening an elementary school called WeGrow And it’s enlisted Bjarke Ingels to design it BY  JENNY XIE    NOV 6, 2017, 1:00PM EST   TWEET     SHARE     PIN WeWork via  Bloomberg WeWork, the coworking behemoth that recently scored a whopping  $4.4 billion investment  for expansion, is now venturing into education,  Bloomberg  reports. The company has begun a pilot program for a private elementary school housed near its New York City headquarters. The initiative, called WeGrow, will focus on “conscious entrepreneurship.” The pilot program has its current roster of seven 5- to-8-year-olds (including one child of WeWork founders Adam and Rebekah Neumann) spending one day at the Neumanns’s 60-acre farm for “hands-on learning” and the rest in a classroom getting lessons in business from WeWork employees and clients. “In my book, there’s no reason why children in elementary schools can’t be launching their own businesses,” Rebekah Neumann tells Bloomberg.

Ten-X Research Quarterly Economic and Real Estate Update

Ten-X Research Quarterly Economic and Real Estate Update November 9, 2017 | Ten-X 02 Oct Ten-X Research Quarterly Economic and Real Estate Update Ten-X Research just published their quarterly economic and real estate update which shows that the labor market is driving the US economy as CRE expansion moves into a late stage in the cycle. The below infographic highlights a few key findings from the recent report. To access the full report, email the research team at . For further analysis and insight on the latest US Economic trends and their impact on CRE, watch the replay of our recent mid-year webinar or review the slides .

Three in 10 local households have no retirement savings, records show

Three in 10 local households have no retirement savings, records show By James McGinnis Posted Nov 12, 2017 at 6:00 AM Thousands of families in Bucks, Burlington and Montgomery counties have no pension, 401(k) or individual retirement accounts, federal data shows Tony Mallozzi just won’t die. And his longevity is getting expensive. “I’ve been retired for 20 years now,” said the 74-year-old from Sellersville. “I never expected to live this long.” Tony stopped working after a heart attack. But he never anticipated the advances in cardiac care, which keep his heart ticking. And he never calculated for paying the property tax bills, which go up and up. In spite of it all, Tony knows he’s among the lucky ones. He retired with a pension. What will happen to the millions of others with no retirement savings beyond Social Security? Thousands of families in Bucks and Montgomery counties have no pension, 401(k) or

Real Estate Matters: a taxing future? 11/9/17

Uploaded: Thu, Nov 9, 2017, 11:56 am Real Estate Matters: a taxing future? One agent's take on how tax changes may affect home values by Michael Dreyfus / Palo Alto Weekly                           Michael Dreyfus is a leading sales agent and president of the Silicon Valley region for Golden Gate Sotheby's International Realty, with offices in Santa Clara, San Mateo, Marin, Alameda and Contra Costa counties. Photo courtesy Michael Dreyfus. As a tax-reform bill gets debated in Congress, many of our buyers and sellers are asking our opinion on how these tax changes will affect local home values. With the caveat that everything on the table now is a proposal and subject to substantial negotiation, changes or even outright failure, here are my thoughts on the parts of the bill that relate directly to home values and how their passage may play out in local real es

Wells Fargo Meeting Global Power Needs With 100% Renewable Energy - Solar Industry

Wells Fargo Meeting Global Power Needs With 100% Renewable Energy - Solar Industry : San Francisco-based Wells Fargo & Co. has announced that 100% of its global electricity consumption for 2017 will be met with renewable energy. The milestone means the financial services company has met the first part of its commitment to purchase renewable energy to power 100% of global operations by the close of 2017, with a …

Brown Signs Bills Aiming To Fix California Housing Crunch

        SAN FRANCISCO — Lawmakers and housing advocates cheered Gov. Jerry Brown’s signature Friday of a package of bills aimed at tackling the growing affordable housing crisis in California, which lacks an estimated 1.5 million affordable rentals compared to demand. But with the skyline of one of the nation’s most expensive cities as the backdrop, they acknowledged the state’s housing crunch is far from solved. “We cannot move past today and just check the box, say we’ve done housing and move onto something else,” said Sen. Scott Wiener, a San Francisco Democrat. “When you spend 50 years driving your car into a ditch that means it’s a really deep ditch.” Brown signed 15 bills outside a San Francisco affordable housing complex. The bills include more money to build affordable housing and policies to speed up construction stalled by regulations. But it will be several years before affordable housing units start popping up across the state and, when they do, they won'

A Boom in Credit Cards: Great News for Banks, Less So Consumers

A Boom in Credit Cards: Great News for Banks, Less So Consumers Image Udean Murray, from Brooklyn, struggles each month to make the minimum payments for the credit cards she relies on. Her only income is Social Security. Credit Andrew Seng for The New York Times By Jessica Silver-Greenberg and Stacy Cowley    Oct. 19, 2017 Udean Murray, a 62-year-old retired telephone operator in Brooklyn, relies on more than a dozen credit cards to make ends meet. Her prescription medication often goes on a Capital One card. She pays for groceries with one from Discover Financial Services That’s a risky financial strategy for Ms. Murray, whose only income is Social Security and who struggles each month to make the minimum payments on all her cards. But it has been a boon for the nation’s biggest banks, which are earning millions of dollars a month on their credit card customers. The four top American banks — Bank of America, JPMorgan Chase, Citigroup and Wells Fargo — together made