Wednesday, December 20, 2017

Market Updates This Week

Republicans Make Compromise Deal on GOP Tax Bill
Wednesday, December 13

House and Senate Republicans have reached a preliminary deal on the GOP tax bill (also known as the Tax Cuts and Jobs Act) on Wednesday. The new bill will reduce the corporate tax rate from 35% to 21% starting in 2018. Both House and Senate provisions had proposed a 20% corporate tax rate, but it...

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Rental Apartment Vacancy Rates Low in Top 6 US Cities
Thursday, December 14

Apartment rental vacancy rates reside low in the top six U.S. markets: San Francisco, New York, Boston, Los Angeles, Washington D.C. and Seattle.Despite the inundation of new construction and development that these markets have seen in the recent years, vacancy rates are still very low overall. O...

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FCC Votes to Repeal Net Neutrality
Thursday, December 14

With no regard for the objections from Congress, advocacy groups, technical experts and the American people in general, the Federal Communications Commission (FCC) voted to eliminate the Open Internet Order established in 2015 and the net neutrality protections currently in place. What was passed...

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Co-Founder of Bitcoin.com Cashes out his Bitcoins for Bitcoin Cash
Tuesday, December 19

Emil Oldenburg, the chief technology officer and co-founder of Bitcoin.com, recently traded in all his Bitcoins (BTC) to cash in on Bitcoin Cash (BCH), a spinoff cryptocurrency of the original Bitcoin. He reported in an interview with Swedish website Breakit that investing in Bitcoin now could be...

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Freddie Mac & Fannie Mae Work to Support Underserved Markets
Wednesday, December 20

Monday, the government-sponsored enterprises (GSEs) Freddie Mac, the Federal Home Loan Mortgage Corporation, and Fannie Mae, the Federal National Mortgage Association, announced their Underserved Markets Plans for 2018-2020 under the Duty to Service provisions required by the Housing and Economic...

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