Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Proposals to create or raise real estate transfer taxes, which add real estate transaction costs for consumers, set the lobbying machines in motion at several state-level Realtor trade associations. The North Carolina Association of Realtors in late March launched a campaign to mobilize against a proposed tax that would charge sellers 1 percent of the sale price in home-sale transactions. Realtor groups fear that such taxes will discourage home sales, especially among lower-income consumers. And real estate sales have already slowed in many markets across the country. Transfer taxes can be a recurring issue in cities, counties and states as public officials look for ways to keep money flowing in for public projects and services. The North Carolina trade group launched a Web site, www.itsab...