Archive for February, 2014


Lobbying Fury Begins Over Tax Revamp Unlikely to Advance

For a plan unlikely to become law anytime soon, Representative Dave Camp’s proposal to revamp the tax code is causing a lot of agitation among U.S. companies. The American Petroleum Institute says accounting rule changes could depress energy production. The Financial Services Forum, representing chief executives of the nation’s biggest banks, warns that a tax […]

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NAR Expresses Opposition for Tax Plan to Limit Mortgage Interest Deductions

(Source: NAR) – The following is a statement by National Association of Realtors® President Steve Brown:“NAR supports reforms that promote economic growth, but we strongly oppose severely altering the rules that govern ownership and investment in real estate. Real estate powers almost one-fifth of the U.S. economy, employs more than 17 million Americans, and contributes […]

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Why bad weather hampered January’s existing home sales

January home sales, starts, permits, and prices: Key takeaways (Part 1 of 4) Existing home sales decrease to a 4.62 million pace in January The National Association of Realtors (or NAR) reports existing home sales once a month. The seasonally adjusted number reports completed transactions in single-family homes, condominiums, townhomes, and co-ops. The report includes […]

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Albert E. Abrahams, trade group executive

Mr. Abrahams, a Naples resident, was a legislative and administrative assistant on Capitol Hill in the 1950s and early 1960s. He later worked on domestic policy matters as part of President Richard Nixon’s administration. From 1973 until his retirement in 1989, Mr. Abrahams was senior vice president of the National Association of Realtors, a trade […]

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Realtors(R) Oppose Tax Plan to Limit Mortgage Interest Deduction, Real Estate Provisions

WASHINGTON, DC–(Marketwired – Feb 26, 2014) – The following is a statement by National Association of Realtors® President Steve Brown: “NAR supports reforms that promote economic growth, but we strongly oppose severely altering the rules that govern ownership and investment in real estate. Real estate powers almost one-fifth of the U.S. economy, employs more than 17 […]

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Miami Realtors partner with Australian counterparts

The Miami Association of Realtors is partnering with the Real Estate Institute of New South Wales, Australia’s largest professional organization for real-estate agents. The alliance is the first in Australia for Miami Realtors, which has 31,000 members. The Miami group now has 199 international partnerships, which are aimed at promoting cross-border real-estate transactions. “The idea […]

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Carrington Real Estate Services Expands its Coverage in New York, Illinois and Georgia with Three New Offices …

SANTA ANA, Calif., Feb. 25, 2014 /PRNewswire/ — Carrington Real Estate Services, LLC (Carrington), a corporately owned and operated national brokerage, today announced that it has once again expanded its coverage to support real estate consumers across the U.S. In response to growing demand in multiple key markets, the company has added offices in Farmingville, […]

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US Existing-Home Sales Reach 18-Month Low

Existing home sales in the U.S. dropped for the third consecutive month, reaching the lowest level in a year-and-a-half, according to the National Association of Realtors.  Total existing home sales in January dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million from the 4.87 million sold in December. The January figure was […]

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Katie Raynolds Johnson Assumes New Responsibilities as NAR’s New Senior VP

(Source: NAR) –– After a comprehensive national search, the National Association of Realtors® has selected Katie Raynolds Johnson as the association’s newest Senior Vice President and General Counsel. She assumes her new responsibilities effective yesterday. Johnson has served as Associate Counsel for NAR since 2007; before coming to NAR she worked at the Chicago law […]

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Wall Street Fundamentals Releases New In-Depth Stock Reports on FMCC, FNMA, STRZA and YRCW

U.S. markets posted a slight decline to break a two-week win streak. The Dow Jones Industrial Average and the SP 500 Index both posted losses of 0.19 percent down 2.86 percent and 0.66 percent for the year, respectively. Investors have had to digest mixed economic data due to cold weather temperatures. On Friday, the National […]

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