From the Archive
By HOM Editor | July 1, 2015
Real estate transfer taxes make buying and selling a home more expensive. Michigan REALTORS® are working to change a part of their state’s transfer tax law that is unfair to buyers and sellers. Michigan imposes a state tax of 0.75% on the sale of real …
PAST CALLS FOR ACTION
Protect Property Rights and Help Michigan’s Tourism Industry
May 3, 2018
Michigan residents were asked to contact their legislators in support of SB 329 and HB 4503, a bill that protected property rights and supported Michigan’s tourism industry by allowing property owners to uniformly and fairly rent their homes to vacationers as short-term rentals across the state.
The partial government shutdown is having a negative impact on the real estate market.
The supply of homes for sale and the vacancy rates for rental housing have stabilized and are inching up again. But, demand is outpacing the current supply — especially at entry-level points in the market.
While many homeowners, homebuyers and real estate investors will see benefits from this legislation, some markets may still see diminished tax benefits and adverse impacts to the real estate market.
Congress has passed an extension of the National Flood Insurance Program, avoiding a lapse that would have impacted thousands of home sale transactions in communities across the country.
A recent survey ask different age groups what was their most important reason to be a homeowner. Now, you tell us!