The Impact of Federal Tax Reform on Massachusetts Homeowners

2017-08-17T18:44:13+00:00

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 [...]

Homeowners win through REALTOR® advocacy in state budget

2017-07-07T15:48:40+00:00

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 [...]

Cape Cod Times Rebuttal: Homeowners are not tax collectors

2017-05-26T18:14:44+00:00

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 [...]

March 2017 Cape Cod Real Estate Market Report: Median Sale Price Rises Again

2017-05-05T20:26:37+00:00

According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 393 homes sold in March; 324 single-family homes and 69 condominiums. Median sales price was $378,000 for single-family homes and $230,000 for condominiums. Last March, 368 homes (291 single- family homes and 77 condos) sold at a median [...]

Falmouth Town Meeting Passes New Accessory Dwelling Bylaw

2017-04-04T20:03:40+00:00

Falmouth Town Meeting voters overwhelmingly approved a new Accessory Dwelling Unit bylaw that gives the ability to build attached units by right, with design review, without income or familial restrictions.  Below is more about the Falmouth Accessory Dwelling bylaw and the need for the bylaw. The Problem: The Cape Cod Young Professionals ‘Shape the Cape’ study [...]

UPDATED: REALTORS® Sounding Alarm Bells as NFIP Set to Expire

2017-07-18T13:25:04+00:00

7/18/17 UPDATE: With just over three months left until the National Flood Insurance Program expires, it is more important than ever for Congress to act to extend the program. While staff at the National Association of REALTORS® fully believes there will be no lapse, REALTORS® setting closing dates for immediately following Sept. 30 do need [...]

February Housing Report: Median Price Rises; Inventory Falls

2017-05-05T20:26:38+00:00

WEST YARMOUTH, MA—(March 21, 2017) According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 233 homes sold in February; 194 single-family homes and 39 condominiums. Median sales price was $373,500 for single-family homes and $240,000 for condominiums. Last February, 260 homes (210 single- family homes and 50 [...]

REALTORS® Push HUD to Move Forward With FHA MIP Rate Cut

2017-05-05T20:26:39+00:00

The U.S. Department of Housing and Urban Development announced Jan. 20 that it was suspending indefinitely the FHA premium rate cut that had been expected to take effect on Jan. 27. HUD had announced the reduction Jan. 9, saying continuing strength in FHA’s reserve fund (the Mutual Mortgage Insurance Fund) warranted the move. NAR estimated [...]

Pot legalization to impact landlord-tenant relations, disclosures

2017-05-05T20:26:39+00:00

On November 8th 2016 Ballot Question #4, which will allow for the recreational use of marijuana, was passed by Massachusetts voters in a fairly wide margin of 54% to 46%. Under the new law, the use of marijuana for recreational purposes will be legal starting on December 15, 2016. However, the sale of the drug [...]

New smoke detector regulations start December 1st

2017-05-05T20:26:39+00:00

New regulations going into effect December 1st will affect what you have to do to pass a pre-transfer inspection. When replacing a battery when the battery is either expired or non-working of a single or multi-family home built prior to 1975 that battery must be a 10-year sealed battery. Fire departments will be checking for [...]