Posts

No more 1031 Exchanges?

 So much real estate is in the news this week! For all of you investors, there are proposals in the works to either completely eliminate or severely limit 1031 Exchanges. These proposals also significantly lengthen depreciation schedules for both personal property and real property assets and effectively raise the tax rate on recaptured depreciation for real estate, taxing it as ordinary income. Bottom line, the future of 1031 Exchanges or for those utilizing the power of tax deferral will be compromised. More info can be found at-- http://wwwnew.ipx1031.com/tax-reform-proposals/

Will Zillow and Trulia merge?

First Zip Realty merges with Realogy (owner of Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA, Sotheby’s International Realty, and Coldwell Banker Commercial).  Now rumors are rumbling that Zillow and Trulia (and possibly Realtor.com) will be merging.  So much consolidation, so few choices! More news to come in the next few months....