SVN ECONOMIC UPDATE – NOVEMBER 7, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. EMERGING TRENDS IN REAL ESTATE Investors and developers should expect an upturn in fate for the commercial real estate industry as postpandemic disruptions abate and positive cyclical […]
SVN ECONOMIC UPDATE – OCTOBER 24, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. ECONOMIC ACTIVITY REMAINS STEADY According to the October 23rd release of the Federal Reserve’s Beige Book Summary of National Economic Activity, activity has changed little in nearly […]
SVN ECONOMIC UPDATE – SEPTEMBER 27, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. FED INTEREST RATE CUT The Federal Reserve cut its primary policy interest rate by 50 basis points (bps) in September to a target range of 4.75%-5%, the […]
SVN ECONOMIC UPDATE – SEPTEMBER 12, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. CPI INFLATION According to the US Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) increased 0.2% month-over-month (MoM) in August, repeating July’s pace and in […]
SVN ECONOMIC UPDATE – AUGUST 29, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. FED POISED TO PIVOT The FOMC is poised to cut interest rates in September for the first time in over two and a half years, evidenced by […]
SVN ECONOMIC UPDATE – AUGUST 15, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. INFLATION According to the BLS, the US Consumer Price Index (CPI) reaccelerated on a monthly basis in July but continued to decelerate annually. Prices rose by 0.2% […]
1031 Exchange Series: Part 5: Advanced Strategies and Scenarios
Partial 1031 Exchanges A partial exchange occurs when only a portion of the proceeds is reinvested in a like-kind property. This can happen if you keep some cash from the sale or if the new property is of lesser value. Implications of Partial Exchanges Boot: Any cash or non-like-kind property received in the exchange is […]
SVN ECONOMIC UPDATE – JULY 26, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. GDP According to the Bureau of Economic Analysis, the US economy expanded at an annualized rate of 2.8% in the second quarter, up from 1.4% in the […]
1031 Exchange Series: Part 4 – Rules, Restrictions, and Pitfalls of 1031 Exchanges
Part 4: Rules, Restrictions, and Pitfalls of 1031 Exchanges Key Rules and Restrictions Like-Kind Property: The replacement property must be similar in nature to the relinquished property. For real estate, virtually all types of investment properties qualify as like-kind. 45-Day Identification Period: You must identify address specific potential replacement properties within 45 days of selling […]
SVN ECONOMIC UPDATE – JULY 12, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. CPI INFLATION The Consumer Price Index fell by 0.1% month over month in June, its first monthly downtick in over four years, according to the latest data […]
