What Is a 1031 Exchange?

A 1031 exchange, also known as a like-kind or Starker exchange, involves a number of rules and steps, but the short answer is that it allows you to sell one investment property and purchase another while deferring the capital gains tax you would normally owe on the profit.

For many investors, this is considered one of the most powerful tax advantages available when buying and selling real estate. That said, a 1031 exchange won’t be the best fit for every situation.

A conversation with your tax advisor or attorney can help you decide if a 1031 exchange is the best strategy for your goals. Your current tax profile, timeline, and other financial transactions should all be considered. In some cases, simply paying the capital…

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Seasonality puts Treasure Valley housing market on edge

Treasure Valley home price growth continues to slow as volatile mortgage rates keep buyers on their toes, suppressing demand.

Ada County home prices rose 6.5% from a year earlier, while Canyon County prices gained 7.4%. While below the double-digit price increases we have become accustomed to in the last few years, 6-7% appreciation rates are above the Treasure Valley's long-term average.

Continuing the volatility we saw this summer, the average 30-year fixed mortgage rate increased to 5.89%—the third increase in as many weeks. Rates reached 5.81% in June before declining to 4.99% at the beginning of August.

Record low mortgage rates have been a significant driver of the demand we have seen since the beginning of the pandemic. Population…

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