The National Association of Realtors predicts the impact of tax reform will raise home prices in California

“While the new tax law is already in effect, here we estimate how home prices will trend in 2018 for each state. The new tax law reduces the limit on deductible mortgage debt and limits the deductibility of the real estate tax up to $10,000. These two provisions are expected to have an impact on the housing market. Moreover, a higher standard deduction may lessen the incentive to purchase a home, as fewer consumers will utilize mortgage interest and property tax deductions.”

http://economistsoutlook.blogs.realtor.org/2018/01/09/tax-reform-impact-and-home-price-outlook/#sf178973575

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