An example of the tax-reform impact on the $1.2-million buyer, who we guessed might be affected the most from the recent tax reform: Freddie Mac looked at the possible effects of the Tax Cuts and Jobs Act of 2017 in an earlier edition of its Outlook economic forecast....
I sent yesterday's post to Lawrence - and this was his reply: Home values falling 8% to 12% were based on taking away all of the deductions- no MID and no property tax deductions. Fortunately, MID is set at $750,000 and $10,000 for state and local tax deductions....
Yunnie and the National Association of Realtors still haven't released any math or formulas on how they came up with their conclusions, and it appears he is just shooting from the hip. There is no factual evidence that points to the tax reform causing lower prices...
The National Association of Realtors has re-thought their negativity barrage on the tax reform, and is back in cheerleader mode: 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...
In spite of the hysterics presented by those with an agenda, it turns out the tax reform might not be as bad for housing as they thought - at least for those who make less than $20 million per year. From HW: For the most part, the latest tax reform will boost the...
It won't be long before we shrug off what the politicians are doing to us, but first, let's see what people are saying. The net effect is what future home buyers think about losing the roughly $3,000 in MID tax savings (from the $750,000 cap, instead of $1M) and...
Now that the tax reform is happening, what will it means for housing? We already have a natural cycle that has been maturing, and how buyers and sellers interpret the tax reform could exacerbate the issue. It will take healthy employment and incoming retirees to keep...
It looks like the tax reform bill will be signed by Congress, and sent to Trump for signature. The California Association of Realtors, led by our president, has been claiming all along that this tax bill will be bad. On Friday, I sent this email to the C.A.R. rep...
Here we have three different real-estate-industry opinions on the effects of the final tax reform. 1) The demand will increase due to more spendable income, pushing home prices higher; 2) The demand will drop, due to less spendable income because middle-class...
It's now been widely reported - and Rob Dawg agrees - that Congress did not change the two-out-of-five-year requirement for home sellers to receive up to $500,000 in net proceeds, tax-free. The only two changes in the final tax reform bill are 1) Lowering the mortgage...
