Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

Tax Overhaul Could Be Big Win for U.S. Real Estate Investors

By Patrick Clark

 

  • Compromise boosts pass-through firms, Cushman & Wakefield says
  • Apartment landlords, retail real estate owners stand to gain


 U.S. commercial real estate is a likely winner in the evolving Republican tax overhaul, which is poised to lower rates for property owners, spur new investment and increase demand for rental housing, according to a new report.

Owners and developers of commercial real estate stand to gain from………………………….

Full story at Bloomberg

America’s healthiest and least healthy states

By Elizabeth Cohen

(CNN)Despite years of efforts to even out health disparities across the United States, some states are dramatically healthier than others, according to a new report.

Massachusetts, Hawaii, Vermont, Utah and Connecticut rank as the five healthiest states, while West Virginia, Alabama, Arkansas, Louisiana and Mississippi rank the least healthy in America’s Health Rankings, according to the report by the United Health Foundation.
The rankings take into account a variety of health factors, such as rates of infectious diseases, obesity, physical inactivity, smoking and infant mortality, as well as air pollution levels and the availability of health care providers.
 
 
This is the first time Massachusetts has been named the healthiest state, ending Hawaii’s five-year reign.
The Bay State won the honor in part due to ……………………..
 
 

2018 Predictions: Homebuyers Will Leave High-Tax States if SALT Deductions are Eliminated

Written by Nela Richardson

2018HousingMarketTrends_120717-Hero (1)

2018 Housing Basics: It’s All About Inventory

Inventory will be the major factor shaping the 2018 housing market, but that’s nothing new. For the third year in a row, the nationwide inventory shortage is likely to continue to hinder sales and increase prices. We expect small increases in inventory at the high-end of the market by year-end. Starter-home inventory has not increased meaningfully since 2011, and we don’t expect it to increase at all next year. Exacerbating the problem is high rents and vacation home rental platforms that make it both easy and lucrative to own more than one home.

Prediction #1: Homebuyers Will Leave High-Tax States

If state and local tax (SALT) deductions are eliminated in high-tax states like California, New York, New Jersey, Maryland, Massachusetts and Illinois, people will leave these states for places where they can get more home for less money. In a survey of 900 homebuyers, a third of respondents said that they would consider moving to another state if they could no longer deduct state and local income and property taxes. The housing markets affected by potential tax changes account for one in four of the homes sold this year in the metros Redfin tracks. Redfin’s latest Migration Report showed people looking to leave expensive coastal cities for more affordable mid-tier cities like Sacramento, Phoenix and Atlanta. Nashville was among the top 10 migration destinations for the first time. The trend has already started, and tax reform, if passed, will just intensify it.

Prediction #2: Fewer Homeowners Will Sell Due to New Residency Requirements in Tax Reform Bills

Prediction #3: Wealthier Millennials Will Popularize “Urban Suburbs”

Prediction #4: Homes will Sell Faster than Ever, Up to 30% Within Two Weeks

Prediction #5: Mortgage Payments Will Increase at the Highest Rate in a Decade

Prediction #6: No Price Bubbles–Even in the Hottest Markets

Prediction #7: The ‘Golden Girls’ and ‘Friends’ Return

Full story at REDFIN

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