However, two-party exchanges are rare, because, in the typical 1031 transaction, the seller of the replacement property isn't the buyer of the taxpayer's exchange property. |
Last year, we were around $120 a square foot (in Mesa). For $250,000, you could get a house around 2,000 square feet. Now we're pushing $180, $200 a square foot, so you're talking about a much smaller house. |
Over the last several weeks, we're seeing a lot less demand. I don't want to cause a panic, but we're seeing less than before. |