From Staff Reports

With lumber tariffs already adding more than $6,000 to the price of every new home in Dallas, President Trump’s decision this month to escalate the trade conflict with China has builders bracing for more challenges to housing affordability. This decision could wind up imposing a $2.5 billion tax increase on residential construction, according to the National Association of Home Builders.

Trump announced he is moving immediately to impose 10 percent tariffs on an additional $200 billion worth of Chinese imports, including $10 billion of goods used by the home building industry. This 10 percent levy represents a $1 billion tax increase on residential construction. Making matters even worse, the tax hike will rise to $2.5 billion on Jan. 1 when the president said the tariff rate will jump to 25 percent if the two nations have not resolved their differences by year end. If China retaliates, Trump has vowed to place tariffs on an additional $267 billion worth of imports. The NAHB has strongly opposed this move.

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Brokerages unafraid to innovate might have a leg up on brands that still do business the old fashioned way, spending thousands and thousands on print advertising. Take Compass & their re-imagined listing sign you will soon be seeing in Dallas (Photo: Compass)

I know, I know — we are a real estate blog focused on fabulous listings, deals, sleeper neighborhoods, fantastic agents and brokers, disruption in the industry, commissions, marketing your property, property taxes, and basically everything happening in the community that affects real estate values: yours, mine, and everyone’s.

But you simply must pay attention to what’s going on in the newspaper biz.

Many agents and brokers still, for some reason, insist on placing ads for their homes in weekly or daily newspapers despite research that shows it is no longer as effective a means of advertising as it once was. It’s the old school, blue-haired approach and more vitally, does it really help sell your client’s home? I know agents who still photo-copy newspaper articles and send them to me via snail-mail to “share.” 

We live in a digital world, like it or not. And real estate news and information is being consumed digitally. That’s why I thought you would find this article so interesting: (more…)

The Dow was down last week after news broke regarding President Donald Trump’s proposed tariffs totaling billions in the simmering trade war with China. Meanwhile, bonds rallied — at the expense of the stock market. Our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage), the senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk — shares his outlook on the market. 

With more than 20 years of experience helping buyers find the right loan solutions for their home, BobMortgage can help you make sense of the complicated mortgage market. Should you lock or float? Find out in this week’s Mortgage Report presented by Wallick & Volk. (more…)

The Trump administration announced a proposal for tariffs on imported steel and aluminum, sending shockwaves through the housing market. With tariffs on Canadian lumber already driving up the cost of some types of housing, new tariffs on aluminum and steel could increase the overall cost for a new home even more. How will that affect homebuyers? Find out right now with the Mortgage Report by our most-trusted home loan expert, Bob Johnson (AKA BobMortgage), the senior mortgage adviser with the nation’s oldest private lender Wallick & Volk.

With more than 20 years of experience helping buyers find the right loan solutions for their home, BobMortgage can help you make sense of the complicated mortgage market. Should you lock or float? Find out in this week’s Mortgage Report presented by Wallick & Volk.

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