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After a disappointing summer, it looks like consumers had a change of heart when it comes to how they feel about housing and the economy. Americans are more optimistic about the housing market with some saying it is a good time to buy a home, according to a recent Fannie Mae September 2014 National Housing Survey.
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Category Archives: Economy
Housing Starts on the Decline
The housing industry is feeling the negative effects from an increasing amount of families living in rental properties. The Commerce Department spoke today about recent findings in the industry. Overall, housing dropped in August after reaching its highest point in seven years, causing multifamily projects to head U.S. real estate.
Rise in VA Home Loans Stimulates Housing Market
A rise in the use of VA home loans is improving the housing market and the ability of veterans to obtain home loans. Veterans who would not previously qualify for a home loan are utilizing the many benefits stipulated in the VA program.
HUD Releases June Housing Scorecard
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Treasury released their findings on the current housing market in their June housing scorecard. The scorecard is a monthly report on the U.S. housing market that compiles data from multiple sources to provide a complete look at foreclosures, defaults, construction, and sales for that month.
The Best and Worst Markets for Taxes
Homeowners experience the burden on housing markets directly, and as a result realtors must understand these markets and their impacts. Currently homeowners experiencing the heaviest overall tax burden paid seven times more of a percentage of their income than those with the lowest overall tax burden.
In order to determine the best and worst housing markets for taxes, information was gathered from estimated property taxes, sales taxes, and state income taxes through The Office of Revenue Analysis. The standard for the lowest and highest household income is based on the average family comprised of three members. The low end of the spectrum is at $25,000 with the high being $150,000.
NWBC Annual Report
The National Women’s Business Council strives to place the foundation for policy changes that will economically progress women business owners. Women-owned businesses are the fastest growing sector within small businesses.
The National Women’s Business Council released its annual report on issues in the economy that impact women business owners. As a non-partisan federal advisory council, the NWBC utilizes the report, which covers four main points, to give policy recommendations to the White House, Congress and the U.S. Small Business Administration. The topics dispatched are access to capital, access to markets, data collection, job creation and growth.
What Every Business Owner Should Know
In an economy in constant fluctuation, it is vital to protect your business whether it is new or already established. One of the first steps to protecting your business is educating yourself on smart and safe business practice.