By Stacey Mosley
2019 began in the shadow of market volatility - many gains in the stock market in 2018 were wiped by the new year, and confidence in upward trends have been wavering. Even in times of doubt there are always opportunities for growth, opportunities for change. Which means for us at Stepwise, it’s time to return to one of our oldest traditions, the annual new construction market report, now with an even closer look at economic viability.
By Stacey Mosley
Real estate is a cyclical industry. Philadelphia, like many cities across the country, has experienced consistent wins and successes since the last recession, but as 2018 comes to a close one question is undoubtedly at the forefront of many minds:
How much longer can these favorable conditions continue?
A joint report by: Greg Goldstein & Stacey Mosley
Opportunity Zones have received a lot of attention in recent months. Tacked on to the Tax Cuts and Jobs Act in December 2017, this federal tax incentive program encourages impact investments in distressed rural and urban neighborhoods across the U.S., leveraging capital gains realized on existing investments.
So how does the program work?
by Jon Tehrani
National data indicate ownership rates for L.L.C.s and L.P.s are on the rise. According to a recent report1 in the New York Times, approximately 9% of single-family home sales in 2017 were to L.L.C.s (double the amount from a decade ago) and as of 2015, L.L.C.s and L.P.s owned about ⅓ of all rental properties on the market.
FixList was founded in 2015 to help get vacant properties fixed up and back into productive use.
We’ve learned a great deal over the last two years, working with large for-profit investors, individual developers, non-profits supporting more affordable housing in their communities. Through all of this we’ve discovered that as a company we are capable of contributing to the real estate and financial industry in so more ways than we initially imagined.