Utility companies will pay less tax from a recent tax overhaul, and many are planning to pass those savings on to customers. Rate changes may shave a few dollars off the average customer’s bill in the coming months, The Wall Street Journal reports.The federal government slashed its corporate tax rate from 35 percent to 21 percent. Regulated gas and electric utilities will have to pay less tax, and some state authorities may give regulated ut
Millennials faces high student debt, soaring rents, and increasing property prices. But a new study shows they aren’t the generation who is dealing with the greatest hardships when it comes to breaking into the housing market. Instead, Generation X—those born between the mid-1960s and early 1980s—is the age segment that is having the toughest time saving up to buy a new home, a report from the National Association of REALTORS® sho
The highest mortgage rates in four years caused a pause in mortgage applications from home buyers and refinancers during a time when the market generally starts picking up in preparation for the spring season. Any shakeout from dips in the stock market in recent days will become more evident in mortgage demand in next week’s report from the Mortgage Bankers Association.Total mortgage application volume last week—which reflects home purchase
Housing permits, a gauge of new-home activity, slipped in the final quarter of 2017, which could worsen a housing shortage already shaking many markets across the country.Single-family permits are running at only 56 percent of normal activity, according to the National Association of Home Builders/First American Leading Markets Index.“We are concerned with the sluggish permit activity,” says Robert Dietz, chief economist at the National Assoc
Homeowners in Madisonville, Texas, who reported the theft of their home to police on Friday got some good news: The structure has been located. But it's too soon for them to relax yet.On Friday, Jo and Lonnie Harrison, a couple from Houston reported the missing house to police after they went to their vacation home and discovered it was completely gone from their 10-acre property in Madisonville.The Harrisons say the one-bedroom, one-bathroom pre
The majority of renters say they want to own a home in the future and believe that homeownership is a critical piece of the American dream. But making the leap into homeownership is facing bigger hurdles as the market sees higher home prices and a shortage of homes for sale, according to the National Association of REALTORS®’ newly released Aspiring Home Buyers Profile, which is based on findings from a survey of more than 10,000 households’
If you feel like you're operating your Twitter account in a vacuum, where your tweets enter the abyss of your followers' newsfeed never to be seen again, then it might be time for a new strategy.NetBase, a social media analytics platform, offers four tips for brands to effectively use Twitter to market and connect with clients. Even if you've been on the platform for years, there's always room for improvement, which can be achieved through a comb
Homeowners are optimistic that their home’s value will continue to increase, and they’re increasingly turning to home equity loans to try to make their homes even more valuable. But a new survey shows they’re unclear on how new tax reform laws could impact home equity loans.More than 80 percent of about 1,000 homeowners recently surveyed said that they believe the value of their home will increase over the next three years as well as over t
A Denver home is attracting quite the crowd and fueling an early start to the spring buying season. In just three days, a property reportedly had nearly 100 potential buyers who toured the home, which is listed at $500,000. The home is a three-bedroom, two-bathroom home, and there’s nothing particularly unique about it. But the home shows just how competitive the Denver market has gotten.“There is simply just too much demand right now,” Mar
A pilot project in South Burlington, Vt., is using blockchain technology to digitize real estate transactions and make them speedier to process. South Burlington’s city clerk’s office has teamed with Propy Inc., a Palo Alto, Calif.–based real estate blockchain startup.Real estate transfers in the city will be recorded on a blockchain that can be accessed through an app or website by multiple entities involved in the transactions. It digiti
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