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Housing lot shortage stymies home sales

The same trend is becoming evident in the Reno/Sparks market and this will be further complicated with all the new jobs coming online. Mark Krueger, Principal To read the article, written by Paul Davidson, click here. Home construction is on pace to hit a post-recession high this year, but a fundamental problem is preventing an even sharper ramp-up: a shortage of places to put the units. Builders are increasingly complaining of a dearth of developed lots, a crunch that’s becoming more prominent as housing starts pick up. They blame restrictive regulations, limited financing for lot development and buyers’ growing preference to live in or near cities, where there’s little unused land. “It’s l

Tesla Factory Progresses

Progress on the $5 billion battery plant’s interior infrastructure is now underway in full force, as well as the data center that will be lo

Market Trends: Property Exchanges Continue to be Popular

A 1031 exchange, or like-kind exchange, has many benefits for the real estate investor. A 1031 exchange allows an investor to defer capital gains taxes on the sale of an investment as long as the sale proceeds are reinvested into a like-kind property within 180 days. By deferring taxes it allows the investor to have more cash flow available for the next investment. The increased purchasing power gives you the extra leverage to acquire properties with increased investment benefits. It is also an excellent wealth and asset building tool. A recent survey conducted by the National Association of Realtors found that of their commercial members, eighty-six percent said that like-kind exchange

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