More Real Estate Predictions: Pending Home Sales and The New Tax Act

The Real Estate Show updates the listeners with More Real Estate Predictions including Pending Home Sales and The New Tax Act. What will this mean for you? Listen to the whole rebroadcast by clicking the link on Facebook.com/TheRealEstateShow.

Here's a sneak peek at what you'll hear. Pending home sales, which is a leading indicator for the housing sector and based on pending sales of existing homes was slightly up last month. The sale is listed as pending when the contract has been signed but the transaction has not yet closed. Although the sale usually is finalized within one or two months of signing, It is not guaranteed and is subject to change. And with last months modest increase, the index remains at its highest reading since June, And is now almost 1 percent above last year.

In conclusion, the housing market is closing the year on a stronger note then earlier this Summer. Backed by solid job creation and an economy that has improved significantly, new buyers entering the market are finding out quickly that their options are Limited and competition is strong. Nevertheless, the strength of the economy plus the expectations that more millennial's will want to buy our indicating that there will be solid homebuying demand next year. This will continue to add pressure to inventory levels and affordability.

In the second half of the show, show host Eric Willner turned his attention to the new Tax Cuts and Jobs Act. While preliminary interpretations raise concerns that the overall tax structure of the final Bill diminishes the tax benefits of homeownership and may even cause adverse impact in some markets, Real Estate remains one of the most tax favored investments anywhere.

The first major provision affecting current and prospective homeowners is the tax rate reductions. The new law provides generally lower tax rates for all individual tax filers, and while this may not mean that every American will pay lower taxes under these changes, many will.

The good news is that the final tax bill retains the current law maximum rate on net capital gains. This is big deal for real estate investors who hold a property for longer than one year.

Another piece of good news is that the final tax bill also retains of the current law on the exclusion of gain on sale of a principal residence. Learn more by listening to the show now.


You can get more information on the above and learn more about Real Estate Investing and learn HOW by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o'clock (EST) on Florida's Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. You can also hear us on the free apps: iHeart Radio and TuneIn and the WSBR AM740 app. If you miss the live show, Recorded Rebroadcasts are available 24/7 on Facebook. Please share our Facebook updates and listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow #TheRealEstateShow, #EricWillner, #ThirdHome, #Best
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