Category: Financial Digest

The economic landscape has dramatically changed. It seems nothing has changed much since late 2019 but the shifts experienced are big, dramatic, and unsettling. But it all fits a guiding principle: We are certain that change will occur.

In last month’s interesting NEREJ article, Marc Nadeau, SRA, discussed the volatility of the residential market, including torrid market appreciation over the past two years and, conversely, a recent cause for concern due to rising interest rates.

When you need money, you go to the bank cash machine, leave the car running, type in your pin, get how many hundreds or thousands you need. If you need more you go into the bank, refinance your home mortgage, or pile on a second mortgage or HELOC.

The Federal Open Markets Committee (FOMC) raised interbank guidance rate. Now at 4.5% after six rate increases, four of which were big increases, with puffy clouds in the skies, rippling in the ponds and whispering headwinds.

Like-kind exchanges have been occurring in some form or fashion for over 100 years. More recently codified as a 1031 exchange, real estate investors continue to actively defer taxes when selling investment property and replacing it with other property.