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A Blog for Members of the REALTOR® Association of Pioneer Valley
Updated: 18 min 14 sec ago

Pioneer Valley SF Sales Report for October

11/20/2017

October 2017 compared to October 2016
Single family sales rose 20.6 percent.  YTD sales are up 5 of the last 10 months.
Median price rose 6 percent to $205,550.  YTD price is up 8 of the last 10 months.
County reports will vary.
The full report is here.

 


Millions of Middle-Income Homeowners Stand to Lose Under “Big 6” Tax Proposal

10/06/2017

via NAR –

A group of legislators and administration leaders known as the “Big 6” today 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 important provisions, such as the state and local tax deduction, while nearly doubling the standard deduction and eliminating personal and dependency exemptions. NAR believes the result would all but nullify the incentive to purchase a home for most, amounting to a de facto tax increase on homeowners, putting home values across the country at risk and ensuring that only the top 5 percent of Americans have the opportunity to benefit from the mortgage interest deduction.

Click here to read the full article.