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1031 Exchange, a Cherished Real Estate Tax Break, Faces Extinction
Wall Street Journal, June 13, 2017--Peter Grant; Richard Rubin (subscription)To finance a possible tax rate cut, some in Congress are eyeing the provision, which allows sellers to defer capital-gains taxes by reinvesting in other properties.
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U.S. Commercial Mortgages Oustanding Reach Record $3 Trillion–MBA
Reuters, June 13, 2017--Richard LeongU.S. commercial real estate loans outstanding topped $3 trillion for the first time ever at the end of the first quarter, the Mortgage Bankers Association said on Tuesday.
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Will Robots Eventually Replace Most of Your Mortgage and Real Estate Jobs?
HousingWire, June 12, 2017--Jacob GaffneyAccording to a website, called Will Robots Take My Job?, developed by Mubashar Iqbal and designed by Dimitar Raykov, robots will indeed take over. By some estimations, millions of jobs are at risk across the nation. And this appears especially true for many mortgage and real estate jobs.
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These Cities Have Too Many Stores, and They’re Still Building
Bloomberg, June 12, 2017--Patrick Clark, Dorothy GambrellAcross the U.S., retail real estate development that outpaced demand marked the early years of the new millennium. Now retailers are going bankrupt at a record rate, and hedge funds are betting against the commercial mortgages used to finance mall properties.
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Mortgage Bankers Association Names Stoffers as Vice Chair for 2018
Financial Regulation News, June 8, 2017The Mortgage Bankers Association nominated Brian Stoffers, global president, debt and structured finance at CBRE, to be its vice chairman for the 2018 membership year.
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