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There are signs home buyers in metropolitan New York are considering the effects of proposed federal tax law changes, setting the stage for a possible chill in the market, brokers say.
Business Tax bill could depress prices on LI homes with high property taxes. The $10,000 cap on deductions for state and local taxes could affect more than 300,000 Long Island homeowners, data show.
After Tax Overhaul, Manhattan Real-Estate Sales Seize Up – WSJ – The new tax law’s elimination of some tax advantages of owning property have brought about a standoff: buyers are becoming convinced that prices are due to fall, while sellers are unwilling to.
A ferrous scrap buyer in the Great Lakes and ohio valley regions reports. In other cases, according to AMM, some domestic mills sat on the sidelines in early May in anticipation of paying even less.
resales Archives – Money Health Finance – Manhattan home resales tumble as US tax overhaul sidelines buyers January 3, 2018 Real Estate Wed, Jan 03, 2018 – 1:37 PM [NEW YORK] Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay.
Sales of existing homes unexpectedly fell in January "A significant breakout in existing home sales is unlikely this year." Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March’s sales pace was unrevised at 5.21 million units. Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April.
The federal tax overhaul appears to be affecting New York real estate already. Namely, New Yorkers aren’t buying-the past three months marked Manhattan’s lowest sales quarter total in more than six years as well as the largest annual decline in nine years according to the newly released market reports for the first quarter of 2018.
People on the move: July 27 People On the Move – July 31 2018 – pcma.org – Minding Your Business (MYB) has welcomed Kevin Hinton to the leadership team as executive vice president of strategy. In this new position, Hinton will serve as a client project strategist while also leading the strategic services team to implement forward-thinking approaches to drive long-term.
Sydney apartment prices fell 15-20 pc in 2004 High-rise approvals at record. On top of this, the rising interest rate environment kept buyers on the sidelines. "Over 18 months to two years we saw.
FHFA announces senior staff appointments Attorney General-elect Ashley Moody announced Wednesday key staff appointments in her administration: John Guard will serve as chief deputy attorney general; Richard Martin as general counsel; Dan.
Manhattan home resales drop as tax overhaul sidelines buyers Redrawn flood maps create big challenge for thousands of buildings durst seeking ground lease for 825 Third Ave.
December Housing Supply and Demand (Voice of San Diego, Jan. 11th): "Real estate resale activity staged a decent. the most people leave.The run-up in home values during the past five years sent.