Tax reform as it relates to the real estate industry

22. December 2017 Real Estate 0
Some last minute changes to tax reform will benefit some Realtors, real estate investors, and homeowners were added to the final bill. These are the main areas of concern people have about tax reform as it relates to the real estate industry. These changes begin in the 2018 tax year. 1.  The capital gains exclusion ...

Economic update for the week ending December 9, 2017

14. December 2017 Economic Update 0
U.S. Economy adds 228,000 new jobs in November – The Labor Department reported that 228,000 net new jobs were added in November. That beat analysts expectations of 195,000 new jobs. The unemployment rate held at 4.1%, a 17 year low.  Average hourly wages rose just 2.5% from one year ago. Wage gains have been sluggish for several years. Experts had hoped that a tighter ...

Economic update for the week ending August 19, 2017

Stocks drop for second week – Political drama and a terrorist attack in Barcelona weighed on investors and were attributed by analysts as the cause of stocks to fall this week. Stocks are now off about 2% from their all time highs just two weeks ago. The Dow Jones Industrial Average ended the week at 21,674.51, down from ...

Economic update for the week ending July 29, 2017 

Stock markets mixed this week – The Dow was up as corporate earnings of DOW companies are beating expectations. The Nasdaq and S&P were unchanged. The Dow Jones Industrial Average ended the week at 21,830.21, up from 21,580.07 last week. The S&P 500 closed the week at 2,472.10, unchanged from its close last week of 2,472.55.   The NASDAQ closed the week  at ...

Economic update for the week ending May 27, 2017

Stock markets hit record highs this week – Stocks rose this week on rising oil prices, better results from retailers, and an upgraded revision in the first quarter GDP. Oil prices which dropped in 2015 and 2016 put pressure on energy stocks in the last couple years. This year they were rising before falling  in ...

Economic update for the month ending April 30, 2017

Stocks markets rise in April –  Stocks declined in the first two weeks of the month after disappointing March job gains, a decline in the pace of wage gains, lower retail sales, and a decline in the CPI rate were announced. Stocks rallied in the final week of April as first quarter earnings that beat expectations ...