Taxes Archive

Who Owns a Half Million-Dollar Home?

After the release of the tax reform legislation from the House, last week’s question was “who will be affected by the new bill?” One of the key elements of the tax reform is the proposed capping of the mortgage...

Eliminating Real Estate Tax Deductions, and The Typical Homeowner

The Effect of Eliminating the State and Local Real Estate Tax Deduction on a Typical Homeowner Undoubtedly, all eyes in Washington are focused on the “Big 6” and the release of the tax reform framework some weeks ago. Under...

Economic Impact of 1031 Exchanges: A REALTOR® University Speaker Series Presentation

What is a 1031 exchange, who benefits from these transactions, and what is the economic impact of these exchanges? In a presentation in the REALTOR® University Speaker Series held recently, Dr. David Ling discussed the features of  like-kind exchanges,...

Time to Normalize Fees

In the spring of 2015, the Federal Housing Administration (FHA) reduced its annual insurance premium. The move was controversial as the FHA was below its statutory capital ratio of 2.0 percent. However, the reduction in the MIP generated an...

Like-Kind Exchanges: Highlights from Ohio

Based on the latest data from the Bureau of Economic Analysis[1], the real estate industry accounted for $65.5 billion in Ohio. The figure accounted for 11.2 percent of Ohio’s Gross State Product. The figure includes real estate transactions—sales, leasing,...