Five Trends That Will Impact Real Estate Investing This Year
Qualified Opportunity Zones (QOZ) grew from 2017 changes to the US tax code and include provisions for deferment, reduction and complete elimination of capital gains taxes for certain investments. There is currently an estimated $6 trillion pool of unrealized capital gains available for QOZ investment. But local expertise of real estate markets is a pre-requisite to harnessing the potential of the new program. Along with high housing costs and the uncertain direction of interest rates, QOZs are among the five trends real estate professionals are watching this year as US property markets enter a pivotal phase.
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