The Impact of Federal Tax Reform on Massachusetts Homeowners As Congress starts the debate on tax reform, it is important they not make changes to the mortgage interest deduction or the real estate property tax deduction as this will affect nearly every homeowner and, ultimately, raise taxes on many homeowners throughout Massachusetts. Of the approximately [...]
On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” (KBYO or TRID) mortgage disclosure rule. As advocated for by National Association of REALTORS®, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties - a victory for real estate [...]
In the budget the Massachusetts legislature will take up today, there were two major wins for homeowners advocated for by REALTORS®. Neither a tax on short-term rentals nor an increase in the deed stamp (real estate transfer tax) were included in the final budget proposal as both were in budgets passed by one of the [...]
The Local Perspective: Explaining Low Homeownership Level NAR recently released a new white paper titled “Hurdles to Homeownership: Understanding the Barriers." This white paper covered the results of a nationwide homeownership study commissioned by NAR. While all of the five reasons for depressed homeownership levels apply on Cape Cod, we wanted to localize the results [...]
Yesterday, more than 500 REALTORS® from around the state – including almost 50 CCIAOR members – descended on Beacon Hill to advocate for homeowner, property rights and business issues. CCIAOR members met with the local Cape Cod, Martha’s Vineyard and Nantucket delegations to discuss the REALTOR® Public Policy agenda for the year. In light of [...]
As REALTORS®, you have a vested interest in the vibrancy of your community. This includes better land use planning techniques, expanding housing opportunities, job creation/development and creating great public spaces for all to enjoy. We are leveraging your REALTOR® membership fees - at the national level - by returning your dollars back to the local [...]
Massachusetts legislators will be holding a public hearing on H.3454, an act that expands rental occupancy tax to short-term single-family rentals, adds regulations on to operators of short-term rental accommodations and requires insurance coverage requirements for short-term rentals. CCIAOR & MAR oppose the bill on a variety of grounds. On the issue of rental [...]
On May 17 and 18, REALTORS® from Cape Cod and across Massachusetts were on Capitol Hill in Washington, D.C. to advocate for two major issues upcoming in Washington - tax reform and the National Flood Insurance Program. REALTORS® met with both Massachusetts senators Ed Markey and Elizabeth Warren and the Cape Cod & Islands Congressman [...]
You may have seen an article in the Cape Cod Times over the weekend that says how 'Cape leaders look to tap rental tax for wastewater projects'; The article glosses over an important issue - for the wastewater tax to be effective, it would require an expansion of the rental occupancy tax to start [...]
Quiz Master DJ Patrick will be hosting a special trivia night at the CCIAOR Conference Center on Thursday, June 8th! Registration is $25 and includes beer, wine, soft drinks and a gourmet wood fired pizza buffet from Pizza Barbone, salad and homemade cannoli! Your ticket purchase is also an investment in the NAR Political Advocacy Fund which works to strengthen our [...]
