The director of the National Association of Realtors, the nation’s largest real estate trade group, testified before Congress about the ways in which the Tax Cuts & Jobs Act have made it harder to own a home.
Zillow: $40 Billion to Flood Into Housing Market, Even as Homeowner Incentives Limited
May 22, 2018 by
Americans’ earnings, generally, have gotten a lift on payday as a result of the Tax Cuts and Jobs Act. With cuts come more discretionary spending—and, although there are changes to homeowner incentives, almost $40 billion of it is going into the housing market, according to a new report by Zillow. “Despite new limits to two […]
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Prepaid Property Tax Debate Undecided
April 12, 2018 by
Just a few days shy from the 2018 tax deadline on April 17, and controversy surrounding the new tax law—the Tax Cuts and Jobs Act—is leaving multitudes of homeowners uncertain about whether they should claim their prepaid property tax deductions. The new law imposes a $10,000 cap on state and local tax write-offs (previously unlimited) […]
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Corporate Mobility and The Tax Cuts and Jobs Act: Study
March 4, 2018 by
In the run-up to (and since) the passage of the Tax Cuts and Jobs Act, analysts have considered the implications of the legislation in real estate. Now, experts are exploring its impact in relocation. According to a recent report by Weichert Workforce Mobility, 89 percent of corporate mobility professionals expect either more or the same […]
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IRS Clarifies Home Equity Loan Tax Deductions Under New Law
February 25, 2018 by
This year’s tax season is bringing to light taxpayer confusion surrounding The Tax Cuts and Jobs Act of 2017, which could impact homeowners in next year’s tax filing. The IRS is taking steps to clarify what the new provisions mean for the real estate industry and homeowners. One of the most misunderstood provisions in the […]
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Homebuyers unfazed by possibility of rising mortgage rates: Redfin
February 12, 2018 by
Buyer demand has continued to remain high despite bustling home prices, low inventory and the recently passed tax reform. So what would drive down demand? According to Redfin’s latest survey, not much …
Taxes and home prices driving coastal homeowners inland: Redfin
February 12, 2018 by
A surge in migration from expensive, high-tax cities like San Francisco, New York and Los Angeles has benefited more affordable metros, such as Sacramento …
7 reasons Trump’s tax plan is good for real estate investors
February 1, 2018 by
Although the Trump tax plan, known as the “Tax Cuts and Jobs Act,” was promoted as a tax cut for the middle class, the major benefits go to corporations, entrepreneurs and real estate investors …
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