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Unpacking the Inflation Reduction Act

What it means for real estate.

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Unpacking The Inflation Reduction Act

Unpacking The Inflation Reduction Act | Range Homes

We ended the first week of August with the Biden Administration’s first major piece of economic legislation: the Inflation Reduction Act. What does this mean for housing? Changes in construction and housing tax policy that keep carbon emission reduction at the forefront.

Here are the highlights:

  • New tax credits that incentivize the construction of and upgrades to buildings to become more energy-efficient through the use of specific materials and technologies, particularly for the multi-family and commercial markets
  • Extension of existing tax policies that limit deductions of pass-through losses, as well as continued exemptions for real estate investment trusts (REITs) and S Corporations

In other government news, could the Administration’s latest Student Loan Forgiveness plan help the housing market? With 51% of student loan holders indicating their debt hinders their ability to purchase a home, perhaps this de-leveraging will unlock purchasing opportunities for at least some first-time buyers.

Source: National Association of Realtors

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Mark Pages-Oliver, MBA – DRE:02020349 | Lisa Caldwell – DRE:01267745 | Range Homes – DRE:02111757

Mark Pages-Oliver, MBA – DRE:02020349

Lisa Caldwell – DRE:01267745

Range Homes – DRE:02111757

Copyright 2021 © Range Homes. All Rights Reserved | Privacy Policy

Copyright 2021 © Range Homes.

All Rights Reserved | Privacy Policy

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