Meet & Mingle at General Membership Meeting!
Come join your fellow Williamsburg Area REALTORS on Wednesday, March 28 at Legacy Hall to hear about a special new WMLS marketing tool, along with an update on what happened during the 2018 Virginia General Assembly! How will new legislation affect your business? Here's where to get all the details!
Breakfast served 8:30 a.m. Program begins at 9:00 a.m.
Sponsored by: Atlantic Bay Mortgage, Prime Lending, Bank of America, and Wells Fargo Home Mortgage.
NAR Chief Economist Lawrence Yun anticipates a slight increase (0.5%) in existing sales this year (5.54 million). Single-family housing starts are forecast to jump 13.3% to 961,000, which will push new home sales up 15.3% to 701,000.
How does the new 20% income deduction work?
Hear two tax pros explain how the new tax reform law impacts your treatment of business income in this video from NAR. Among other things, the law creates a 20% business income deduction that members can take as independent contractors. Income and other limits apply. More info on the Tax Cuts and Jobs Act and what it means for homeowners and REALTORS® is located HERE.
$235k is typical purchase price for recent home buyers
NAR data from the last year show that $235,000 was the (national) median price of homes that people bought. They typically put down 10% and most didn’t have too much trouble getting a mortgage. NAR has an infographic that encapsulates recent findings. You can find this type of data for the Williamsburg Area in our December/year-end home sales report, located HERE.
Thanks to 2018 WAAR Affiliate Marketing Partners!
Please consider our affiliate partners when doing business in 2018. They are:
ENTRY LEVEL PARTNERS: