Did You Know?

DID YOU KNOW? France may re-evaluate it's wealth tax after amending it last year by narrowing it to a tax on real estate assets, rather than covering all worldwide assets, from jewelry to yachts to investments, over the value of 1.3 million euros. (Reuters)

DID YOU KNOW? The housing market comprises a little less than 14% of US GDP yet is a larger part of the overall economy than the oil and gas industry: the mining sector constituted just under 2% of GDP in the second quarter of 2018.

DID YOU KNOW? In the third quarter of 2018, Zillow purchased 168 homes and sold 36 via its ZILLOW OFFERS program, generating $11 million in revenue. Zillow purchased 130 homes and sold 32 homes in October alone. Is Zillow now a full-fledged competitor to flipper-buyers? (Zillow Earnings Call)

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