National real estate and housing market news, updates, predictions, and statistics.
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Are Opportunity Zones the talk of the town in your local Real Estate circles? No?
While it’s no surprise that this part of the tax code is not yet well known, many savvy investors are jumping at the opportunity of the tax savings that it can provide.
What is an Opportunity Zone?
According to the IRS.gov website, “An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment….”
These opportunity zones were designated through coordinated efforts between State and local governments in identifying these economically-distressed areas.
Opportunity zones were added to President Trump’s “Tax Cuts and Jobs Act” in December 2017. Specifically the…
Compass goes public, economy soars, Congress pivots on homeownership tax benefits and more
As we approach the end of yet another year, one of the biggest questions on most everyone's minds, especially those of us in the real estate industry, is "what is going to happen next year?" Brad Inman of Inman.com recently reviewed his past predictions about the real estate market, some of which came true and some not. Two years ago as we approached the year 2016, Brad Inman predicted that Donald Trump would be elected President of the United States. That obviously came true. Last year, Inman predicted that Zillow would expand overseas in 2017 and NAR would choose a woman CEO; didn't happen.
Inman was accurate about a soaring housing market and…