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Local Market Monitor’s National Economic Outlook for June ’22

Local Market Monitor’s National Economic Outlook for June ’22 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook By Ingo Winzer June, 2022 There’s good news and bad news. On the one hand,

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Rising Building Material & Freight Prices Push Construction Costs Higher

Rising Building Material & Freight Prices Push Construction Costs Higher The NAHB’s Eye on Housing says the prices of goods used in residential construction increased 19.4%, year-over-year.  Citing data from the Producer Price Index they point out that building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are

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Listed: For $2.5 million, the whimsical home and workshop of a local innovator

Listed: For .5 million, the whimsical home and workshop of a local innovator Calling all inventors, dreamers, designers, and tinkers: This Lexington farmhouse offers all the space you need to make your latest imagined creation a reality, with two massive greenhouses-turned-workshops on the spacious 1.47-acre lot.  The 5,344-square-foot home belongs to jazz musician and architect

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Five Requirements for Identification of Replacement Property in a 1031 Exchange

Five Requirements for Identification of Replacement Property in a 1031 Exchange Today’s graphic from Accruit reminds us that the ability to defer taxes through a 1031 like-kind exchange is a valuable taxpayer benefit, but to receive it, the rules pertaining to identification and acquisition of replacement property must be strictly followed. They have outlined the

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