Wednesday, December 20, 2017

Market Updates This Week

Republicans Make Compromise Deal on GOP Tax Bill
Wednesday, December 13

House and Senate Republicans have reached a preliminary deal on the GOP tax bill (also known as the Tax Cuts and Jobs Act) on Wednesday. The new bill will reduce the corporate tax rate from 35% to 21% starting in 2018. Both House and Senate provisions had proposed a 20% corporate tax rate, but it...


Rental Apartment Vacancy Rates Low in Top 6 US Cities
Thursday, December 14

Apartment rental vacancy rates reside low in the top six U.S. markets: San Francisco, New York, Boston, Los Angeles, Washington D.C. and Seattle.Despite the inundation of new construction and development that these markets have seen in the recent years, vacancy rates are still very low overall. O...


FCC Votes to Repeal Net Neutrality
Thursday, December 14

With no regard for the objections from Congress, advocacy groups, technical experts and the American people in general, the Federal Communications Commission (FCC) voted to eliminate the Open Internet Order established in 2015 and the net neutrality protections currently in place. What was passed...


Co-Founder of Cashes out his Bitcoins for Bitcoin Cash
Tuesday, December 19

Emil Oldenburg, the chief technology officer and co-founder of, recently traded in all his Bitcoins (BTC) to cash in on Bitcoin Cash (BCH), a spinoff cryptocurrency of the original Bitcoin. He reported in an interview with Swedish website Breakit that investing in Bitcoin now could be...


Freddie Mac & Fannie Mae Work to Support Underserved Markets
Wednesday, December 20

Monday, the government-sponsored enterprises (GSEs) Freddie Mac, the Federal Home Loan Mortgage Corporation, and Fannie Mae, the Federal National Mortgage Association, announced their Underserved Markets Plans for 2018-2020 under the Duty to Service provisions required by the Housing and Economic...

Thursday, December 7, 2017

Real Estate Industry Exempt from Trump Tax Plan

The tax code is currently in the process of being rewritten by Congress and it seems that real estate will be the only industry that will not be limited. Some industries, such as car dealers, oil and gas pipeline managers, cruise lines, private equity and craft beer and wine producers, did well through tax cuts, but not as well as real estate. House and Senate Republicans both offered large reduced rates towards family-owned firms, partnerships and corporate giants across the board, but commercial real estate was left untouched.

Tax deference on exchanges of similar kinds of property affected most industries. New limits on deductions for interest payments were introduced for most businesses. (For example: pharmaceutical companies and domestic manufacturers no longer have some industry-specific breaks, such as the tax credit for “orphan drugs”, in exchange for lower rates.) But crickets chirp when real estate is brought up; no tax deference on 1031 exchanges proposed; no limits on interest deductions.

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