How Recent Lehigh Valley Economic Growth Will Affect Housing Prices
Site Selection Magazine recently reported that the Lehigh Valley ranks among the top 5 fastest growing regions in the United States with less than 1 million people. This area has developed a great deal over the past 2 decades and is in a much better financial position than at any time in recent memory. What many residents are wondering is: How will economic growth in the Lehigh Valley affect home prices?
What is Driving Lehigh Valley Economic Gro... read more
In 2017 Congress passed the TCJA, or Tax Cuts and Jobs Act of 2017. This wide-ranging legislation affected many industries, but the real estate sector saw some of the most significant changes. The bill called for the creation of real estate "Opportunity Zones."
These zones are underdeveloped areas where the federal government plans to deploy tax benefits to developers and investors to encourage economic growth in low-income communities. Philadelphia has several new opportunity zone projects that have already... read more