Friday, January 19, 2018

WHAT IMPACT WILL THE NEW TAX CODE HAVE ON HOME VALUES?

Article Courtesy of Keeping Current Matters/The KCM Blog
 
Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.

Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report.  (Click on map to enlarge.)

What Impact Will the New Tax Code Have on Home Values? | Keeping Current Matters 


As we can see, CoreLogic projects an increase in home values in 49 of 50 states, and Washington, DC (there was insufficient data for HI). Nationwide, they see home prices increasing by 4.2%.

How might the new tax code impact these numbers?

Recently, the National Association of Realtors (NAR) conducted their own analysis to determine the impact the new tax code may have on home values. NAR’s analysis:
“…estimated how home prices will change in the upcoming year for each state, considering the impact of the new tax law and the momentum of jobs and housing inventory."

Here is a map based on NAR’s analysis:
What Impact Will the New Tax Code Have on Home Values? | Keeping Current Matters
Bottom Line
According to NAR, the new tax code will have an impact on home values across the country. However, the effect will be much less significant than what some originally thought.

Wednesday, January 3, 2018

HOW TO PREVENT PIPES FROM FREEZING AND HOW TO THAW THEM IF THEY DO FREEZE

As we face some extended freezing weather, you will want to make sure you do everything you can to prevent your pipes from freezing. Click HERE for some great information provided by the American Red Cross regarding preventing and dealing with frozen pipes. Topics covered in this article:

Why Pipe Freezing is a Problem
How to Protect Pipes From Freezing
How to Prevent Frozen Pipes
How to Thaw Frozen Pipes