Home Topics Real Estate The real word: what Biden's tax proposals for real estate could mean

The real word: what Biden’s tax proposals for real estate could mean

Byron Lazine and Nicole White are two Connecticut agents who share their thoughts on the week’s news every Friday in The Real Word, a weekly video column about Inman.

On this week’s episode of The Real Word, Byron and Nicole discussed what homeowners and investors need to know about President Joe Biden’s tax proposals. The two main components they focused on: the proposed increase in the capital gains tax rate for households earning more than $ 1 million and the elimination of section 1031 exchanges.

“These are suggestions; They have to be passed, ”said Byron. “We as real estate professionals need to be informed about this because we will have questions from investors and homeowners – it affects both of them.”

More This Week: Low inventories and new price highs are widening the gap between Zillow Zestimates and MLS market data, according to an Inman article published April 27th.

“The Zestimates have always been a bully,” said Nicole. “I don’t think it has changed at all.” Byron later added, “Ultimately, the property is worth what someone wants to buy [it for]. ”

Marketer of the Week

In this episode, Matt Lionette is in the spotlight as Marketer of the Week. The real estate agent’s latest Instagram video is, as Byron put it, “the best Instagram role I’ve ever seen.”

Would you like to nominate a “Marketer of the Week”? Write your thoughts in the comments below or drop us an email.

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