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October 2, 2020

1031 Exchange Update – Summer, 2020


Real Estate Daily News
By Brandon M. Hughes

The 1031 exchange market nationally has been like a roller coaster this past spring and summer, plummeting down in April and roaring back up starting in June. Surprisingly, the residential side of Arizona real estate has not experienced the same tumultuous highs and lows seen in the commercial and exchange markets. Phoenix metro still sits at the top of the country for year-over-year home price growth, necessitating the need for the tax deferral benefits of 1031 exchanges. Rent price growth is no different with equal pushes to the country's price growth lists. It's a seller's market in Arizona. Read more.

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