PA-RPAC encourages REALTORS® to get out the vote in September
A special election is being held September 29 to fill the open seat vacated by Sen. Rob Wonderling who retired in July.
Read More State budget agreement reached?
At an 11 a.m. press conference, leaders from the Senate Republican, House Democratic and Senate Democratic caucuses announced an agreement “in principle” on the 2009-10 state budget.
Read More The rules of home rule
There are 71 home rule municipalities in Pennsylvania. All 71 have the ability to increase the realty transfer tax. There is no better time to ensure your market isn’t at risk.
Read More Freddie Mac issues commission guidelines for short sales
Freddie Mac issues guidance on short sale commissions and it might surprise you.
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Pennsylvania plays it S.A.F.E.
Pennsylvania has adopted new rules to put the commonwealth in compliance with federal mortgage regulations, known as S.A.F.E.
Read More Survey shows HVCC affecting housing
It appears that regulations designed to protect consumers may actually be helping to raise costs and delay closings.
Read More Gov. Rendell enacts RELRA amendments
On Monday, Gov. Edward Rendell signed Senate Bill 241 into law. The legislation, now known as Act 14 of 2009, will allow parties in a real estate transaction to reach an agreement in writing in advance as to how escrow money will be distributed in the event a dispute occurs.
Read More House passes RELRA amendments
On Tuesday, the state House of Representatives passed legislation to allow parties in a real estate transaction to reach an agreement in writing in advance as to how escrow money will be distributed in the event a dispute occurs.
Read More House passes historic preservation program legislation
House Bill 42 (Freeman, D-Northampton) provides grants to owners for up to 70 percent of the costs of exterior rehabilitation or restoration work that meets the criteria for historic properties with a maximum reimbursement of $15,000. The legislation also provides tax credits up to $500,000 to owners who are restoring commercial properties.
Read More House committee approves severance tax legislation
House Bill 1489 (George, D-Clearfield) limits the tax to high-producing wells and would not apply to wells producing 60,000 standard cubic feet a day or less. The severance tax is expected to generate roughly $600 million annually for state coffers by 2013-14.
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