The GOP Tax Plan Has The Real Estate Industry In Panic
Business Insider
By Akin Oyedele
Two powerful trade associations slammed the GOP’s tax plan on Thursday, saying the reduction of a key benefit for homeowners could hurt the market. The plan would cap the mortgage-interest deduction — which allows homeowners to subtract interest payments from their taxable income — on new homes at $500,000. This could dampen the benefit of the deduction outside of the most expensive housing markets and may lower home values.
About author
You might also like
January Home Sales and Price Report
California’s housing market started the year on a high note, following up on December’s strong showing with higher sales both on a monthly and yearly basis in January, the CALIFORNIA
Existing Home Sales Jump in March
Sales of existing homes moved up to a greater than expected seasonally adjusted annual rate of 5.19 million, an increase of 6.1% from February. Economists had expected a pace of
Housing Outlook 2017: Eight Predictions From The Experts
In so many ways 2016 was an unprecedented, volatile and, for some, excruciating 12 months. And the housing market was not immune to the year’s whims. At the start experts