Housing Demand Shifts, SALT Cap Planning, and NAR Leadership Changes

October 2, 2024


In this edition of Above the Line, we explore crucial developments affecting the real estate industry: shifts in housing demand amid lower mortgage rates, strategies for navigating the SALT cap, and significant leadership changes at the National Association of Realtors. These trends offer valuable insights for CRE professionals as we approach the end of the year and look ahead to potential policy changes in 2025.

Let's dive into these important developments shaping our industry. 

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Housing Demand Firms Up With Lower Mortgage Rates
HousingWire
Recent drops in mortgage rates have led to increased housing demand, potentially signaling a shift in the real estate market. This trend could have ripple effects across the commercial real estate sector, particularly in areas related to residential development and investment.

Tax Planning for the SALT Cap
Journal of Accountancy
As the 2025 sunset of the SALT cap approaches, CPAs are exploring strategies to help clients maximize deductions. Options include bunching itemized deductions, utilizing state tax credit exchange programs, and leveraging passthrough entity-level taxes. These approaches could significantly impact real estate investment decisions and strategies and are critical to know. 

Katie Johnson Resigns as NAR's Chief Legal Officer
WRE News
The National Association of Realtors (NAR) announced the departure of Katie Johnson, its chief legal officer and chief member experience officer. 

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