The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new qualified business income deduction is available for tax years beginning after Dec. 31, 2017. Taxpayers can claim it for the first time on the 2018 federal...
You may have seen recent articles warning of “ominous signs for the U.S. housing market.” One article states that, “recent housing starts data were extremely weak for the month of June, raising alarm about housing.” Another headline announces that the, “Housing Market Looks Headed for Its Worst Slowdown in Years.” NAR’s Chief Economist, Lawrence Yun, says that despite the headlines, “Home price growth...
In a big win for REALTORS®, the National Flood Insurance Program will continue renewing or issuing new insurance for four more months under legislation overwhelmingly by the U.S. Senate today. The bill, which cleared the House last week, is expected to be signed into law before midnight tonight, when the program expires. "We applaud lawmakers for taking this needed action to...
Lawrence Yun spoke recently to more than 100 industry professionals from the Pueblo, Pikes Peak, Royal Gorge and Central Colorado Associations of REALTORS®. He talked about housing, for sure, but also favorably about Pueblo's job growth, which he described as improving at a healthy rate, on par with the United States average. Yun noted that the median price for Pueblo area...
NAR Applauds Rule Making REALTORS® Eligible to Participate in Association Health Plans WASHINGTON (June 19, 2018) – The U.S Department of Labor today finalized its rule to expand the definition of “employer” to include “working owners,” allowing real estate professionals and other self-employed individuals to participate in association health plans. The ruling also makes AHPs available to independent contractors who are offered...
The federal government announced Monday that it conducted a massive sweep and arrested nearly 75 people who allegedly participated in schemes designed to intercept and hijack wire transfers from businesses and individuals, including those involving real estate transactions. According to the agencies, the operation, which was called “Operation Wire Wire,” also resulted in the seizure of nearly $2.4 million, and the...
The competition is heating up as the 20 finalist fight for Amazon to pick their city for the new location of the HQ2. As of now, Denver, Colorado sits sixth on the list with Raleigh, North Carolina leading in first place. ATTOM Data Solutions has created a ranking of the final 20 cities in the running and their likelihood of being...
DENVER (March 30, 2018) – With the recent news in Denver about deeds, covenants and titles related to affordable homes, the Colorado Division of Insurance, part of the Department of Regulatory Agencies (DORA), offers the following insights to unveil some of the mysteries that surround Title Insurance. “Unlike other forms of insurance like health, homeowners or auto, Title Insurance is unlikely to be...
Flood and wildfire season is approaching. You should know your risks and make your plans to improve you outcomes. The National Weather Service wants everyone in the the United States to be part of a Weather-Ready Nation. Colorado has more than its fair share of floods, flash floods, and wildfires. You should be weather alert and weather-ready, knowing how to stay...
Its active inventory is By Matthew Leprino It seems you can’t open a social media app or tune into local news without hearing about the lack of options for homebuyers these days. Denver is facing big city problems as it continues to grow into that role. Along with pressure on developers to turn over quality products – and quickly – the prices, oh,...