When President Joe Biden released his $1.8 trillion American Families Plan in April, one of the ways he proposed to pay for the increased federal spending was to limit the Internal Revenue Code Section 1031 like-kind exchange deferral amount to $500,000.
Instant Reaction: Housing Starts, September 21, 2021 Total housing starts and housing permits made decent gains in August compared to the month prior, but the focus was on multifamily units. By: Lawrence Yun Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-housing-starts-september-21-2021
Get the latest research and articles on office sectors, the current infrastructure bill, and more. Original source: https://www.nar.realtor/commercial-digest/october-2021
Pending Home Sales Recover 8.1% in August Pending home sales rebounded in August, with each of the four major U.S. regions seeing month-over-month growth in contract activity. Media Contact: Quintin Simmons 202-383-1178 Original source: https://www.nar.realtor/newsroom/pending-home-sales-recover-8-1-in-august
Retail Vacancy Rates at Lowest Levels Since Q2 2020 With people returning to physical stores and food and drinking places, demand for retail space in Q2 2021 exceeded pre-pandemic peak levels. By: Brandon Hardin Retail Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-retail-vacancy-rates-at-lowest-levels-since-q2-2020
Top 10 Office Markets as of 2021 Q3 Overall, the office market continues to see negative net absorption, rising vacancy rates, and lower asking rent in 2021 Q3 compared to one year ago. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Office Property Original source: https://www.nar.realtor/blogs/economists-outlook/top-10-office-markets-as-of-2021-q3
Renter Demand Shifts Toward Class B/C Apartments The apartment vacancy rate has fallen to a decade low of 4.5%, and the asking rent has soared to a historic high of 10.5%. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Rental Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-renter-demand-shifts-toward-more-affordable-and-suburban-class-bc-apartments