There is widespread support for vacation rentals throughout Cape Cod, according to a recent poll by American Strategies conducted on behalf of the Cape Cod and Islands Association of Realtors (CCIAOR). More than 80 percent of polled residents are supportive of vacation rentals and value their positive impact on Cape Cod’s economy.
After clearing hurdles in the House and the Senate this week, a federal spending bill goes to the White House for the President’s signature, funding part of the federal government through Fiscal Year 2020, and it includes many important pieces related to real estate that the National Association of REALTORS® worked hard to achieve.
Loan limits are rising for Barnstable, Dukes and Nantucket Counties for loans by FHA, Fannie Mae, and Freddie Mac. These are the limits of loans that keep a buyer from going to a jumbo mortgage.
The Department of Revenue (DOR) just released the final version of its Short-Term Rental Regulations. This final version includes some key changes that were a direct result of advocacy by Realtors® from MAR and the Cape Cod & Islands Association of Realtors® who testified on proposed regulations this past summer.
Through the generosity of the REALTOR® Relief Foundation, CCIAOR was able to award $10,307 in grants to 10 year-round homeowners in Harwich who sustained considerable property damage from the July tornados that unexpectedly struck the Cape.
Those seeking to ban short-term rentals in the town of Barnstable need to stop employing scare tactics by using the terms “Airbnb” and “nonresident investor” to demonize rental homeowners.
