Voice for Real Estate: Retirement, Lame-Duck, Commercial

Don't expect Congress to do much as it finalizes its session before the end of 2016. Next year, though, is shaping up to be huge for real estate as lawmakers gear up to tackle tax reform, reform of Fannie Mae and Freddie Mac, and flood insurance. On tax reform, key commercial real estate incentives could face major revamping, These include property depreciation, 1031 exchanges, and carried interest. What's more, overall tax rates could be lowered, business interest expensing reduced, and infrastructure spending beefed up. The video also looks at what NAR is doing to help its members prepare for retirement.

Featured segments

  • Investing for retirement
  • Interest rate increases
  • Lame-duck Congress
  • Tax reform and commercial real estate
  • Commercial market update

Transcript

Will you have assets to fall back on when you retire?

It’s lame-duck time in Washington, and that could impact you

And tax reform puts commercial real estate under the spotlight

These stories and more on The Voice for Real Estate

Hi, I’m Stephen Gasque with the National Association of Realtors.

Even if you’re a successful real estate professional, if you don’t prepare for retirement, you could end up with nothing to show for all your hard work over the years. That’s why one of the top priorities of NAR President Bill Brown is helping you take your retirement into your own hands. President Brown talked about that very thing with me in an interview for Real Estate Today, NAR’s nationally syndicated radio show.

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To get you started on a sound retirement strategy, NAR earlier this month launched a class—Real Estate Investing: Building Wealth Representing Investors and Becoming One Yourself.” The class debuted at the Realtors Conference & Expo in Orlando and it will soon be available to you. Just search “real estate investing” on REBAC.net. That’s the website for the Real Estate Buyer’s Agent Council, an NAR affiliate.

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Mortgage rates are still incredibly low, but they are starting to inch up—along with bond yields as investors grapple with the uncertainty that comes with a change in the federal government. NAR Chief Economist Lawrence Yun has more.

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This week Yun releases NAR’s latest existing-home sales numbers. He’ll have more to say on the economy, and we’ll be reporting on that for you.

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2017 is shaping up to be a critical year for real estate because tax reform and reform of the secondary mortgage market could become top agenda items on Capitol Hill, but what about the remainder of this year? The Obama administration and Congress still have a month of business left. NAR’s Deputy Chief Lobbyist Jamie Gregory has more on what we can expect between now and the new year.

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And what about tax reform in 2017? There are a number of commercial real estate incentives that could be put under the spotlight. Here’s NAR tax policy specialist Evan Liddiard with more on that.

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We’ll keep you up to date as action heats up on all of these legislative efforts.

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We’ve got updated statistics for you on how well commercial real estate is doing and the picture is mixed. In smaller real estate markets, transaction volume was up in the third quarter of the year, while in larger markets volume was down. NAR’s George Ratiu has more.

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NAR’s next quarterly report comes out in early 2017, and will include both a look back on the year and a look ahead to 2017. That will help you as you work with investors who are wondering how the landscape will be changing in the year ahead.

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And now good news for homebuyers who want to use FHA insured financing to buy a home. The agency has just released a report on its finances and all of its key numbers are up. Since last year, its principal capital reserve ratio has grown to 2.3 percent, the overall economic value of its main insurance fund has grown by $3.8 billion, and its most serious delinquencies are at a 10-year low. What that means to you is, your buyers can have confidence that a strong FHA means less pressure in Washington to tighten its reins on making loans to those who rely in it.

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And that’s our show for the week of November 21. You can get more on everything we talked about on The Voice for Real Estate page on Realtor.org. Thank you for joining us, and be sure to join us again as we bring you all the latest news on The Voice for Real Estate.

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