Homeownership may further decline among seniors in 2018

Changes to the tax code under the Trump administration could prompt senior homeowners to unload property en masse — a move that could fuel construction for senior housing nationwide, according to a new report from Marcus & Millichap.

Corporate Mobility and The Tax Cuts and Jobs Act: Study

In the run-up to (and since) the passage of the Tax Cuts and Jobs Act, analysts have considered the implications of the legislation in real estate. Now, experts are exploring its impact in relocation. According to a recent report by Weichert Workforce Mobility, 89 percent of corporate mobility professionals expect either more or the same […]

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Americans ‘Concerned’ About Homeownership in Light of Tax Bill

Americans are concerned about homeownership in response to the Tax Cuts and Jobs Act, according to new realtor.com® research. The legislation, awaiting President Trump’s signature (at press time), passed on Wednesday this week. More than one-third (36.2 percent) of respondents to a realtor.com survey, conducted Dec. 18-19 prior to the passage, were “concerned” about being […]

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NYT explores how homeownership tax breaks distort economy, favor the rich

“The Republican plan, in short, is tinkering with subsidies so entrenched in the social fabric that they have become entitlements in all but name,” the Times wrote …

House Republicans Pass Tax Bill, Real Estate Industry Continues Fight for Homeowners

After much conversation revolving around tax policy, and anticipation from the Republican Party to successfully pass tax legislation by end of year, House Republicans passed their controversial tax overhaul plan in a successful 227-205 vote. President Donald Trump visited Capitol Hill on the morning of the announcement to promote the legislation. The Senate will still […]

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What agents and clients should know about property taxes

It’s no secret. By now, your clients should have received the pale yellow envelopes from Joseph Kelly, the Los Angeles County Treasurer and Tax Collector. The first installment of secured property taxes for fiscal year July 1, 2016 to June 30, 2017 wer…