The National Association of Realtors® has released its Like-Kind Exchange Survey for 2015.
For a significant portion of real estate market participants, like-kind exchanges, commonly referred to as 1031 exchanges, provide an important vehicle to dispose and acquire property. Sixty-three percent of REALTORS® participated in a like-kind exchange transaction during 2011-14. Like-kind exchanges accounted for 39 percent of total volume transacted among Realtors in 2014. Ninety-six percent of Realtors® indicate a decrease in real estate values in case of repeal of like-kind exchange provisions.