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Mortgages at 3 Year Low

September 6, 2019 Mortgage Rates for 30 year fixed Dip to an average of 3.49% from 3.58% last week. The average rate for 15-year, fixed-rate home loans slipped to 3% from 3.06% last week. Lower mortgage rates should help Real Estate buyers, but low inventories and high prices that have consistently eclipsed wage growth have…

Florida Land Market Trends

September 2019 2008 until 2016 Land prices suffered the same downturn in the market as other types of real estate. However, in the last three years there has been an overall turnaround and land values have risen at a steady pace. The Realtors Land institute (RLI), Land Market Survey, shows that the last three years…

What is a 1031 Exchange?

“What is a 1031 exchange?”  The answer can be quite simple and somewhat complex. A properly structured 1031 exchange (Internal Revenue Code  Section 1031) allows the owner of specific types of real estate with appreciated value to defer Federal capital gains taxes on the sale of their property, as long as they reinvest the proceeds…