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 [...]

CEO’s Take: What’s Amazon Up To?

2017-07-27T22:10:51+00:00

Amazon is Definitely Maybe Launching a Service to Connect Agents and Home Buyers and Sellers CCIAOR CEO Ryan Castle delivers his take on the latest trending real estate industry news monthly. Contact him at RCastle@cciaor.com. The real estate industry erupted once again this month when Amazon launched a page during Prime Day called [...]

June 2017 Cape Cod Real Estate Market Statistics: Median Sales Price Continues to Rise

2017-07-17T12:45:56+00:00

WEST YARMOUTH, MA—(July 17, 2017) According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 576 homes sold in June, 449 single-family homes and 127 condominiums. Median sales price was $400,000 for single-family homes and $259,990 for condominiums. Last June, 642 homes (524 single- family homes and 118 [...]

Legal Hotline: What Type of Referral Constitutes a RESPA Violation?

2017-07-22T16:19:22+00:00

Referrals to local service providers can be a sticky situation for many REALTORS®. Local service providers such as handymen, landscapers, fuel providers, contractors and others are lucrative sources of business for REALTORS®, and are often in a REALTOR®'s social circle as friends, acquaintances and fellow club members. It is obviously quite tempting to set up mutually [...]

CFPB Sets Final Rule Enabling Sharing of Closing Disclosures

2017-07-10T14:29:16+00:00

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 [...]

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 [...]

Announcing CCIAOR’S 2017 Award Recipients

2017-06-27T17:32:34+00:00

CCIAOR's Annual Summer Soiree & Awards Celebration was held June 21st at the West Dennis Yacht Club. Members were recognized for their achievement and service to the real estate industry, the Association, the Multiple Listing Service and the community. Joe Arnao Named CCIAOR REALTOR® of the Year Shown in photo are 2016 REALTOR® of the [...]

Explaining Low Homeownership Levels in Our Market

2017-06-19T13:50:35+00:00

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 [...]