Pennsylvania will finally grant the tax deferral benefit of 1031 like-kind exchanges beginning in 2023. What does that mean for real estate professionals and their clients? A 1031 exchange allows the seller of business use or investment property to defer the gain when exchanging for another business use or investmentContinue Reading
Pennsylvania again ranked in the top 10 states for internet crime last year, according to the FBI’s 2021 Internet Crime Complaint Center report. Victims’ losses totaled $207 million, up 90% over 2020. The number of victims of internet crimes in Pennsylvania dropped slightly to 17,262. The IC3 report showed realContinue Reading
The number of homes listed for sale in the Harrisburg, York and Lancaster areas dropped by an average of 5.7% in May versus May 2021, data from Redfin shows. The percentage of active home listings dropped the most in the 17317 ZIP code (East Prospect, York County) and 17024 ZIPContinue Reading
The median home sales price in the commonwealth jumped again in May, according to a report prepared for the Pennsylvania Association of Realtors®. The median price of all homes sold in Pennsylvania last month was $211,192, compared to $204,274 in April and up 12.8% over the same time last year.Continue Reading